TON Strategy (TONX)
Accumulates and stakes Gram while winding down inherited social-commerce operations.
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Accumulates and stakes Gram, formerly Toncoin, as its primary treasury asset while supporting The Open Network ecosystem. Legacy social-commerce and software operations inherited from Verb are being wound down.
Operates as a digital-asset treasury and Web3 ecosystem company focused on The Open Network, a blockchain designed to integrate with Telegram. Its central activity is accumulating and staking Gram, formerly Toncoin, as the primary treasury reserve asset.
Legacy operations include MARKET.live and LyveCom, livestream-shopping platforms used by brands and merchants across websites, apps, and social platforms. The company has taken actions to wind down those inherited social-commerce and software businesses, with primary operating actions completed. The treasury operates through a public-company structure and depends on holding and staking Gram within the TON ecosystem.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $28.8M · Total debt $198.0K · Total assets $403.5M · Shareholders' equity $398.8M
- Revenue
- $15.0M
- Operating income
- $479.0K
- Net income
- $76.5M
No dividends on record.
| Institutions | 61.89% | 34.08M shares | |
|---|---|---|---|
| 46 holders · as of Jun 30, 2026 | |||
| Insiders | 14.85% | 8.18M shares | |
| 18 holders · as of Sep 8, 2026 | |||
| Strategic holders | 0.18% | 100.0K shares | |
| 1 holder · as of Oct 23, 2024 | |||
| Other | 23.08% | 12.71M shares | |
| remainder | |||
55.07M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Kingsway Capital Partners LtdInstitution | 21.96% | 12.09M | as of Jun 30, 2026 |
VY Capital Management Co. Ltd.Institution | 11.12% | 6.13M | as of Jun 30, 2026 |
Aristeia Capital, L.L.C.Institution | 8.89% | 4.90M | as of Jun 30, 2026 |
Manuel StotzInsiderdirector, 10 percent owner | 4.17% | 2.30M | filed Sep 29, 2025 |
Vanguard Capital Management LLCInstitution | 3.97% | 2.19M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 4, 2026 | Bill John Rivard | officer: Chief Accounting Officer | −12,500 | $3.30 |
| Aug 14, 2026 | Sarah Josephine Olsen | officer: CFO & COO | −217,450 | $2.75 |
| Aug 14, 2026 | Kevin Mark Wilson | officer: Chief Executive Officer | +3,600 | $2.67 |
| Aug 13, 2026 | Kevin Mark Wilson | officer: Chief Executive Officer | +3,700 | $2.76 |
| May 14, 2026 | Evan Sohn | director | +5,540 | $3.59 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TON Strategy | $3.95 | +2.90% | $217.1M | — | — | 7.3 | +607.4% |
| Strategy | $168.77 | +0.16% | $55.74B | — | 5.1 | 111.9 | +6.9% |
| BitMine Immersion Technologies | $27.85 | −1.42% | $16.09B | — | 38.4 | 262.9 | +2,964.4% |
| Sharplink | $9.99 | +0.10% | $1.97B | — | 89.5 | 39.2 | +1,553.3% |
| Forward Industries | $8.12 | −0.67% | $602.6M | — | 39.6 | 11.3 | +332.1% |
| DeFi Development | $6.04 | −7.30% | $196.1M | — | — | 13.0 | +66.9% |
| Median | — | 39.0 | 39.2 | +332.1% |