TechFlow, Sept. 12 — According to BUSINESS WIRE, TON Strategy Company (Nasdaq: TONX), a digital asset treasury firm, announced it has repurchased over 250,000 shares of common stock under its previously announced $250 million share repurchase program, at an average price of $8.32 per share.
The company has also launched its TON staking operations, generating yield by contributing its held TON tokens to secure the network, thereby creating recurring on-chain revenue for the company. Executive Chairman Manuel Stotz stated that these milestones in buybacks and staking demonstrate the company's confidence in balance sheet resilience and long-term opportunities.
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