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 at Beginning of Period

Last Annual Value

8.49M

3-Year CAGR

109%

5-Year CAGR

54%

10-Year CAGR

22%

Adjust for Inflation

TON Strategy Co. Competitors Analysis of Cash at Beginning of Period

TONX · NASDAQ

Company	Cash at Beginning of Period	CAGR 3Y	CAGR 5Y	CAGR 10Y
TON Strategy Co. NASDAQ:TONX	8.49M	51.8%	36.2%	55.5%
Chicago Atlantic BDC, Inc. NASDAQ:LIEN	23.93M	-12.0%	N/A	N/A
Horizon Technology Finance Corporation NASDAQ:HRZN	100.87M	49.0%	16.1%	17.1%
GigCapital8 Corp. Units NASDAQ:GIWWU	0.00	N/A	N/A	N/A
SuRo Capital Corp. NASDAQ:SSSS	20.04M	-20.7%	-15.2%	4.1%
Innventure, Inc. NASDAQ:INV	11.12M	13.8%	47.3%	N/A
TriplePoint Venture Growth BDC Corp. NYSE:TPVG	78.73M	9.9%	12.0%	9.3%
Oaktree Acquisition Corp. III Life Sciences NASDAQ:OACC	1.36M	N/A	N/A	N/A
Mount Logan Capital Inc. Common Stock NASDAQ:MLCI	85.99M	9.2%	28.8%	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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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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