TechFlow news, September 4 — According to Business Wire, the board of directors of TON Strategy Company (Nasdaq: TONX) has unanimously approved a share repurchase program of up to $250 million. The company completed its name change on September 2, 2025 (formerly Verb Technology Company) and began trading on the Nasdaq Capital Market under the new ticker symbol TONX.
Manuel Stotz, Executive Chairman of the company, stated that the company may consider repurchasing shares if the stock trades at a discount to net asset value (NAV) per share, and conversely, may consider issuing shares to acquire TON if it trades at a premium. The company focuses on long-term investment and accumulation of Toncoin (TON), aiming to support the development of the token economy within the Telegram platform.
