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

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.)