TON Strategy Company, formerly Verb Technology Company, repurchased 250,000 shares of common stock for $8.32 each, below the $12.18 treasury asset value. The buyback follows a $713 million reserve of Toncoin tokens in August, showing “long-term confidence” in the TON ecosystem. Share prices fell 21.6% since the treasury adoption.

The TON token, native to The Open Network project, ranks 22nd in market cap with a 40.7% YTD price decline. TON Strategy’s staking operations aim to generate income from treasury holdings. CEO Veronika Kapustina says staking provides recurring revenue, enhancing shareholder returns. The TON network has 340 active validators with a 4.8% annual reward rate.

TON Strategy Company is the first public company to start a Toncoin treasury. Coinbase warns of a competitive stage for crypto treasury companies. NYDIG notes premium narrowing for such companies. Telegram founder Pavel Durov’s legal case is ongoing.

Read more at Cointelegraph: TON Strategy Company Announces Buybacks, Share Price Falls 7.5%