TON Strategy Company (TONX) has initiated a significant share buyback program, repurchasing over 250,000 shares at $8.32 each, considerably lower than its treasury asset value of $12.18. This program, valued at $250 million, was launched in response to the company’s shares decreasing by more than 40% in a month. Additionally, TONX now aims to position toncoin as its primary treasury asset. To further bolster its financial strategy, the company has begun staking its holdings of 217.5 million TON tokens, which could generate an annual yield of nearly $34 million if fully staked, with potential yield rates of up to 4.8%. Following the share drop, TONX shares saw a minor increase of 3.7% in after-hours trading.
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