---
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"
generated_at: "2026-05-17T05:24:03.270773+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TON Strategy stakes 82% of $TON reserves; expects $24M annual staking revenue for buybacks

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-015897
- JSON: https://secwatch.observer/filing/0001493152-25-015897.json
- Plain text: https://secwatch.observer/filing/0001493152-25-015897.txt

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