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 Liabilities and Equity

Last Annual Value

411.16M

3-Year CAGR

156%

5-Year CAGR

66%

10-Year CAGR

111%

Adjust for Inflation

TON Strategy Co. Competitors Analysis of Total Liabilities and Equity

TONX · NASDAQ

Company	Total Liabilities and Equity	CAGR 3Y	CAGR 5Y	CAGR 10Y
TON Strategy Co. NASDAQ:TONX	411.16M	236.0%	64.2%	128.9%
Chicago Atlantic BDC, Inc. NASDAQ:LIEN	342.00M	56.9%	32.1%	N/A
Horizon Technology Finance Corporation NASDAQ:HRZN	811.10M	0.4%	9.6%	13.0%
GigCapital8 Corp. Units NASDAQ:GIWWU	256.91M	N/A	4.0%	N/A
SuRo Capital Corp. NASDAQ:SSSS	276018.72B	9881.0%	1329.6%	294.7%
Innventure, Inc. NASDAQ:INV	599.19M	202.9%	20.7%	N/A
TriplePoint Venture Growth BDC Corp. NYSE:TPVG	839.65M	-5.0%	-2.0%	6.8%
Oaktree Acquisition Corp. III Life Sciences NASDAQ:OACC	203.11M	N/A	N/A	N/A
Mount Logan Capital Inc. Common Stock NASDAQ:MLCI	1.60B	-1.8%	-1.0%	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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Forecasting

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Snapshot

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Value Model

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Statements

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Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

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Analyst Expectations

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