{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-015897","form_type":"8-K","ticker":"TONX","cik":"0001566610","company_name":"TON Strategy Co","filed_at":"2025-09-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.377196+00:00","generated_at":"2026-05-17T05:24:03.270773+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"TON Strategy stakes 82% of $TON reserves; expects $24M annual staking revenue for buybacks","bullets":["82% of $TON reserves currently staked; substantially all expected by Oct 10, 2025.","Estimated ~$24M annualized staking revenue at current prices and yields.","Since Sept 12 buyback program announced, 1,505,500 shares repurchased.","TAV per share $10.37 as of Sept 26; cash $56.6M; shares ~61M.","Staking proceeds earmarked for buybacks when stock trades at discount to NAV."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-015897","json":"https://secwatch.observer/filing/0001493152-25-015897.json","markdown":"https://secwatch.observer/filing/0001493152-25-015897.md","text":"https://secwatch.observer/filing/0001493152-25-015897.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1566610/000149315225015897/0001493152-25-015897-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1566610/000149315225015897/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:24:03.270773+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}