About TON Strategy Co.
https://www.tonstrat.com/The first NASDAQ‑listed publicly traded treasury for Toncoin ($TON), the native cryptocurrency of The Open Network (TON). The company accumulates and stakes $TON to build a long-term treasury, offering regulated market exposure to TON through structured capital deployment and staking rewards.

CEO
Veronika Kapustina
Compensation Summary
(Year 2018)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2023-04-19 | Reverse | 1:40 |
| 2019-02-04 | Reverse | 1:15 |
ETFs Holding This Stock
Summary
Showing Top 2 of 2
Ratings Snapshot
Rating : C+
Most Recent Analyst Grades
Grade Summary
Showing Top 1 of 1
Price Target
Institutional Ownership

TOMS CAPITAL INVESTMENT MANAGEMENT LP
Shares:2.32M
Value:$6.82M

RIBBIT MANAGEMENT COMPANY, LLC
Shares:1.58M
Value:$4.64M

DRW SECURITIES, LLC
Shares:966.34K
Value:$2.84M
Summary
Showing Top 3 of 12
About TON Strategy Co.
https://www.tonstrat.com/The first NASDAQ‑listed publicly traded treasury for Toncoin ($TON), the native cryptocurrency of The Open Network (TON). The company accumulates and stakes $TON to build a long-term treasury, offering regulated market exposure to TON through structured capital deployment and staking rewards.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $3.61M ▲ | $24.09M ▲ | $84.34M ▲ | 2.34K% ▲ | $2.23 ▲ | $99.46M ▲ |
| Q2-2025 | $2.12M ▲ | $4.45M ▲ | $-2.38M ▲ | -111.92% ▲ | $-1.79 ▲ | $-2.27M ▲ |
| Q1-2025 | $1.3M ▲ | $3.62M ▼ | $-2.56M ▲ | -196.48% ▲ | $-2.51 ▲ | $-2.37M ▲ |
| Q4-2024 | $723K ▲ | $4.3M ▲ | $-3.19M ▼ | -440.94% ▲ | $-3.88 ▼ | $-3.09M ▼ |
| Q3-2024 | $128K | $2.39M | $-1.97M | -1.54K% | $-3.82 | $-1.69M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $53.04M ▲ | $661.88M ▲ | $22.42M ▲ | $639.1M ▲ |
| Q2-2025 | $9.47M ▼ | $23.66M ▲ | $4.31M ▲ | $19.38M ▲ |
| Q1-2025 | $11.36M ▼ | $18.37M ▼ | $3.83M ▼ | $14.6M ▼ |
| Q4-2024 | $12.53M ▼ | $20.64M ▼ | $4.61M ▲ | $16.2M ▼ |
| Q3-2024 | $15.59M | $22.14M | $4.11M | $18.03M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $84.72M ▲ | $0 ▲ | $0 ▲ | $0 ▼ | $0 ▲ | $0 ▲ |
| Q2-2025 | $-2.38M ▲ | $-2.29M ▼ | $-4.34M ▼ | $4.7M ▲ | $-1.92M ▼ | $-2.29M ▼ |
| Q1-2025 | $-2.44M ▲ | $-1.07M ▲ | $-152K ▼ | $-118K ▼ | $-1.34M ▲ | $-1.14M ▲ |
| Q4-2024 | $-3.37M ▼ | $-1.86M ▼ | $-151K ▲ | $-5K ▼ | $-2.02M ▲ | $-2.03M ▼ |
| Q3-2024 | $-1.97M | $-1.65M | $-5.11M | $80K | $-6.68M | $-1.76M |
Revenue by Products
| Product | Q2-2022 | Q3-2022 | Q4-2022 | Q1-2023 |
|---|---|---|---|---|
SaaS Recurring Subscription Revenue | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |

CEO
Veronika Kapustina
Compensation Summary
(Year 2018)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2023-04-19 | Reverse | 1:40 |
| 2019-02-04 | Reverse | 1:15 |
ETFs Holding This Stock
Summary
Showing Top 2 of 2
Ratings Snapshot
Rating : C+
Most Recent Analyst Grades
Grade Summary
Showing Top 1 of 1
Price Target
Institutional Ownership

TOMS CAPITAL INVESTMENT MANAGEMENT LP
Shares:2.32M
Value:$6.82M

RIBBIT MANAGEMENT COMPANY, LLC
Shares:1.58M
Value:$4.64M

DRW SECURITIES, LLC
Shares:966.34K
Value:$2.84M
Summary
Showing Top 3 of 12




