---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-021744"
form_type: "8-K"
ticker: "TONX"
cik: "0001566610"
company_name: "TON Strategy Co"
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T21:10:28.819293+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TON Strategy Q3 net income $84.7M, digital assets $588.2M, launches TON treasury

## Summary
- Revenue $3.6M (Q3 2024: $0.1M); net income $84.7M vs net loss $2.0M a year ago.
- Digital assets fair value $588.2M as of Sep 30, 2025; 217.8M units of $TON held.
- Earned 336,000 $TON in staking rewards; recognized $707,000 staking revenue.
- Approved up to $250M stock buyback; repurchased 1,984,072 shares below book value.
- Rebranded to TON Strategy Company; Nasdaq ticker changed to TONX on Sep 2.

## SEC filing metadata
- accession: 0001493152-25-021744
- form_type: 8-K
- ticker: TONX
- cik: 0001566610
- company_name: TON Strategy Co
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1566610/000149315225021744/0001493152-25-021744-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1566610/000149315225021744/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-021744
- JSON: https://secwatch.observer/filing/0001493152-25-021744.json
- Plain text: https://secwatch.observer/filing/0001493152-25-021744.txt

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