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

Gross Profit

Last Annual Value

8.88M

3-Year CAGR

1111%

5-Year CAGR

11%

10-Year CAGR

39%

Adjust for Inflation

TON Strategy Co. Competitors Analysis of Gross Profit

TONX · NASDAQ

Company	Gross Profit	CAGR 3Y	CAGR 5Y	CAGR 10Y
TON Strategy Co. NASDAQ:TONX	8.88M	486.7%	8.1%	N/A
Chicago Atlantic BDC, Inc. NASDAQ:LIEN	41.95M	61.1%	429.6%	N/A
Horizon Technology Finance Corporation NASDAQ:HRZN	27.64M	N/A	-3.6%	N/A
GigCapital8 Corp. Units NASDAQ:GIWWU	0.00	N/A	N/A	N/A
SuRo Capital Corp. NASDAQ:SSSS	34.89M	19.9%	-26.1%	18.3%
Innventure, Inc. NASDAQ:INV	-39.28M	N/A	N/A	N/A
TriplePoint Venture Growth BDC Corp. NYSE:TPVG	81.18M	N/A	-1.5%	30.3%
Oaktree Acquisition Corp. III Life Sciences NASDAQ:OACC	0.00	N/A	N/A	N/A
Mount Logan Capital Inc. Common Stock NASDAQ:MLCI	-59.68M	N/A	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

Related Guides

Blog Categories

Continue your TONX research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

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

Statements

Validate revenue quality, margins, and balance sheet durability.

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.