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

Net Cash Provided by Financing Activities

Last Annual Value

346.48M

3-Year CAGR

138%

5-Year CAGR

82%

10-Year CAGR

68%

Adjust for Inflation

TON Strategy Co. Competitors Analysis of Net Cash Provided by Financing Activities

TONX · NASDAQ

Company	Net Cash Provided by Financing Activities	CAGR 3Y	CAGR 5Y	CAGR 10Y
TON Strategy Co. NASDAQ:TONX	346.48M	250.1%	66.3%	72.1%
Chicago Atlantic BDC, Inc. NASDAQ:LIEN	-519.92K	N/A	N/A	N/A
Horizon Technology Finance Corporation NASDAQ:HRZN	-14.80M	N/A	N/A	N/A
GigCapital8 Corp. Units NASDAQ:GIWWU	254.87M	N/A	N/A	N/A
SuRo Capital Corp. NASDAQ:SSSS	-5.28M	N/A	N/A	N/A
Innventure, Inc. NASDAQ:INV	139.14M	93.6%	87.1%	N/A
TriplePoint Venture Growth BDC Corp. NYSE:TPVG	25.67M	60.8%	-30.6%	-9.4%
Oaktree Acquisition Corp. III Life Sciences NASDAQ:OACC	0.00	N/A	N/A	N/A
Mount Logan Capital Inc. Common Stock NASDAQ:MLCI	13.34M	-6.5%	N/A	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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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

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Analyst Expectations

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