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 Stockholders' Equity

Last Annual Value

406.39M

3-Year CAGR

328%

5-Year CAGR

107%

10-Year CAGR

68%

Adjust for Inflation

TON Strategy Co. Competitors Analysis of Total Stockholders' Equity

TONX · NASDAQ

Company	Total Stockholders' Equity	CAGR 3Y	CAGR 5Y	CAGR 10Y
TON Strategy Co. NASDAQ:TONX	406.39M	406.6%	98.1%	N/A
Chicago Atlantic BDC, Inc. NASDAQ:LIEN	303.41M	52.5%	29.1%	N/A
Horizon Technology Finance Corporation NASDAQ:HRZN	318.50M	-0.6%	5.4%	8.6%
GigCapital8 Corp. Units NASDAQ:GIWWU	256.62M	N/A	4.7%	N/A
SuRo Capital Corp. NASDAQ:SSSS	205316.25B	9932.0%	1312.7%	300.8%
Innventure, Inc. NASDAQ:INV	204.21M	N/A	-0.9%	N/A
TriplePoint Venture Growth BDC Corp. NYSE:TPVG	353.62M	0.7%	-4.0%	5.1%
Oaktree Acquisition Corp. III Life Sciences NASDAQ:OACC	194.79M	N/A	N/A	N/A
Mount Logan Capital Inc. Common Stock NASDAQ:MLCI	90.96M	20.5%	42.8%	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

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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.