TONX - NASDAQ

TON Strategy Co.

TONX·NASDAQ

$3.76

-5.1%

Financial ServicesAsset Management

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.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$212.56M

EPS-5.9600

P/E Ratio-0.63

Earnings Date08/05/2026

tonx

Cash and Short Term Investments

Last Annual Value

39.49M

3-Year CAGR

153%

5-Year CAGR

85%

10-Year CAGR

81%

Adjust for Inflation

TON Strategy Co. Competitors Analysis of Cash and Short Term Investments

TONX · NASDAQ

Company	Cash and Short Term Investments	CAGR 3Y	CAGR 5Y	CAGR 10Y
TON Strategy Co. NASDAQ:TONX	39.49M	108.6%	111.3%	117.4%
Chicago Atlantic BDC, Inc. NASDAQ:LIEN	2.93M	-55.2%	-49.0%	N/A
Horizon Technology Finance Corporation NASDAQ:HRZN	105.52M	31.3%	22.6%	11.0%
GigCapital8 Corp. Units NASDAQ:GIWWU	1.44M	N/A	-63.1%	N/A
SuRo Capital Corp. NASDAQ:SSSS	49034.15B	11928.0%	1098.3%	375.3%
Innventure, Inc. NASDAQ:INV	60.45M	186.3%	202.8%	N/A
TriplePoint Venture Growth BDC Corp. NYSE:TPVG	20.36M	-49.0%	-16.9%	-8.2%
Oaktree Acquisition Corp. III Life Sciences NASDAQ:OACC	1.43M	N/A	N/A	N/A
Mount Logan Capital Inc. Common Stock NASDAQ:MLCI	15.00M	-57.8%	-19.4%	N/A

TON Strategy Co. Fair Value Envelope

TONX · NASDAQ

Our analysis suggests that TONX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $3.76, this represents a potential HIDDEN relative to our calculated worth for TON Strategy Co..

HIDDEN

Intrinsic Value

Current Price: $3.76

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Value Model

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Statements

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Earnings Call

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Dividends

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Analyst Expectations

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