Overview

* Ton Strategy ( TONX ) Q3 revenue rises to $3.6 mln, driven by new staking activities

* Net income for Q3 was $84.7 mln, a significant improvement from last year

* Company announces $250 mln stock buyback program, repurchased shares below book value

Outlook

* Company aims to expand $TON holdings and support The Open Network

* Company plans to make additional hires to strengthen operations

* Company focuses on security, technology, and compliance for future growth

Result Drivers

* TON TREASURY STRATEGY - Initiation of TON Treasury Strategy involved acquiring and staking Toncoin, earning staking rewards and generating revenue

* STAKING REWARDS - Co earned 336,000 units of $TON in staking rewards, contributing to treasury asset value

* TONCOIN ACCESS EXPANSION - Toncoin began trading on Gemini, Robinhood and Zengo, expanding global access for $TON

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $84.72

Income mln

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the online services peer group is "buy"

* Wall Street's median 12-month price target for Ton Strategy Co ( TONX ) is $62.00, about 94.9% above its November 11 closing price of $3.15

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)