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

Total Current Assets

Last Annual Value

42.36M

3-Year CAGR

119%

5-Year CAGR

63%

10-Year CAGR

74%

Adjust for Inflation

TON Strategy Co. Competitors Analysis of Total Current Assets

TONX · NASDAQ

Company	Total Current Assets	CAGR 3Y	CAGR 5Y	CAGR 10Y
TON Strategy Co. NASDAQ:TONX	42.36M	108.3%	67.7%	102.7%
Chicago Atlantic BDC, Inc. NASDAQ:LIEN	2.93M	-56.0%	-49.0%	N/A
Horizon Technology Finance Corporation NASDAQ:HRZN	117.61M	23.0%	20.9%	10.5%
GigCapital8 Corp. Units NASDAQ:GIWWU	1.58M	N/A	-62.4%	N/A
SuRo Capital Corp. NASDAQ:SSSS	49152.86B	11780.5%	1095.2%	373.7%
Innventure, Inc. NASDAQ:INV	83.15M	144.9%	144.8%	N/A
TriplePoint Venture Growth BDC Corp. NYSE:TPVG	20.36M	-49.2%	-17.2%	-10.2%
Oaktree Acquisition Corp. III Life Sciences NASDAQ:OACC	1.55M	N/A	N/A	N/A
Mount Logan Capital Inc. Common Stock NASDAQ:MLCI	15.00M	-71.9%	-53.1%	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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Fundamentals

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Accounting

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Forecasting

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Reference

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Snapshot

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Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

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Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.