---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-013145"
form_type: "8-K"
ticker: "TONX"
cik: "0001566610"
company_name: "TON Strategy Co"
filed_at: "2025-09-12T23:59:59+00:00"
generated_at: "2026-05-17T06:44:43.621402+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TON Strategy announces buybacks below $12.18 TAV; starts staking Toncoin

## Summary
- Repurchased over 250,000 shares at avg $8.32; TAV per share $12.18 as of Sept 11, 2025.
- Begun staking of $TON holdings to generate recurring on-chain revenue alongside treasury appreciation.
- $250M buyback program launched Sept 8; Cantor Fitzgerald appointed as agent.
- Company holds Toncoin as primary treasury asset; formerly Verb Technology, now trades as TONX on Nasdaq.
- Management cites flywheel of accumulation, buybacks, and staking to grow value per share.

## SEC filing metadata
- accession: 0001493152-25-013145
- form_type: 8-K
- ticker: TONX
- cik: 0001566610
- company_name: TON Strategy Co
- filed_at: 2025-09-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1566610/000149315225013145/0001493152-25-013145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1566610/000149315225013145/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-013145
- JSON: https://secwatch.observer/filing/0001493152-25-013145.json
- Plain text: https://secwatch.observer/filing/0001493152-25-013145.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.