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TONX — Ton Strategy News Story

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Digital asset treasury firm Ton Strategy's Q3 revenue rises

Overview

Ton Strategy Q3 revenue rises to $3.6 mln, driven by new staking activities

Net income for Q3 was $84.7 mln, a significant improvement from last year

Company announces $250 mln stock buyback program, repurchased shares below book value

Outlook

Company aims to expand $TON holdings and support The Open Network

Company plans to make additional hires to strengthen operations

Company focuses on security, technology, and compliance for future growth

Result Drivers

TON TREASURY STRATEGY - Initiation of TON Treasury Strategy involved acquiring and staking Toncoin, earning staking rewards and generating revenue

STAKING REWARDS - Co earned 336,000 units of $TON in staking rewards, contributing to treasury asset value

TONCOIN ACCESS EXPANSION - Toncoin began trading on Gemini, Robinhood and Zengo, expanding global access for $TON

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Net Income$84.72 mln
Analyst Coverage The one available analyst rating on the shares is "buy" The average consensus recommendation for the online services peer group is "buy" Wall Street's median 12-month price target for Ton Strategy Co is $62.00, about 94.9% above its November 11 closing price of $3.15 Press Release: ID:nGNXbz1zkf For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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