TON Strategy Co
TON Strategy Company (Nasdaq: TONX) is a digital asset treasury and Web3 ecosystem company focused on The Open Network blockchain. Its core business is managing its Toncoin holdings and staking them to support network validation and earn rewards; it held 4.2% of Toncoin’s total supply at December 31, 2025. The company… From the company’s description.
Over the twelve months to Jun 30, 2026, TON Strategy Co reported revenue of $27.37M, up 539.7% from a year earlier, and a net loss of $158.03M. Its pre-tax margin was −124.4%. In fiscal 2025, it reported revenue of $12.78M, up 1327.8% from fiscal 2024, and a net loss of $148.39M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What TON Strategy Co does
In the company’s own words
TON Strategy Company (Nasdaq: TONX) is a digital asset treasury and Web3 ecosystem company focused on The Open Network blockchain. Its core business is managing its Toncoin holdings and staking them to support network validation and earn rewards; it held 4.2% of Toncoin’s total supply at December 31, 2025. The company also operates MARKET.live, a livestream shopping platform and social commerce services business for brands, retailers and creators; LyveCom, an AI-powered video commerce technology provider whose capabilities are integrated into MARKET.live; and Go Fund Yourself, a crowdfunding platform and television show serving Regulation CF and Regulation A issuers. It reports three segments: TON, MARKET.live and Go Fund Yourself. For the year ended December 31, 2025, TON staking generated approximately $4.0 million in revenue, while the company had 25 full-time employees and two part-time employees at year-end. The company adopted its TON treasury strategy in 2025 and changed its name from Verb Technology Company in September of that year. Its website is https://www.tonstrat.com/shareholders/.
Company details
- Sector
- Financials
- Industry (SIC)
- Finance Services
- Headquarters
- LAS VEGAS, NV
- Fiscal year end
- December
- CIK
- 1566610
- SIC
- 6199
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns TON Strategy Co — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · TON Strategy Co’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
Compare this company with peers, find it in your funds and follow its financial history with your connected AI:
- “How do TON Strategy Co and its peers compare on margins and cash generation over ten years?”
- “Where did five years of TON Strategy Co's earnings go — cash, debt, buybacks, reinvestment?”
- “What changed in TON Strategy Co's last four quarterly filings that the numbers alone won't show?”