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TONX-News
TONX-Events
TON Strategy Expects $4M Financial Benefit in Q2 2026
TON Strategy provided an update on recent actions taken to wind down legacy social commerce and software operations inherited from Verb Technology Company and reduce the related expense burden. The company believes the primary operating actions associated with this initiative have largely been completed. The Company also highlighted strong preliminary June staking performance. The company has taken steps to remove costs tied to non-core legacy operations that no longer fit those priorities. The wind-down has focused primarily on MARKET.live's legacy agency and livestream shopping services, as well as LyveCom-related social commerce software operations. The company began taking action earlier this year by eliminating certain lower-margin MARKET.live service-package contracts in March. In recent months, TON Strategy has continued that work by terminating associated vendor arrangements, reducing contractor support for LyveCom-related social commerce software operations, and reducing personnel expense tied to the legacy businesses. These actions are expected to reduce annual cash operating expenses by approximately $4M and simplify the cost base and operating support associated with the legacy businesses. TON Strategy expects the financial benefit of these actions to begin appearing in its second quarter 2026 results and become more visible in subsequent quarters as the reductions are reflected across full reporting periods.
TON Strategy Launches 2-Month Stock Repurchase Plan
TON Strategy announced that it has entered into a Rule 10b5-1 trading plan to facilitate the repurchase of the company's common stock during a two-month period beginning July 1. The plan was established under the company's existing $250M stock repurchase authorization announced on September 3, 2025. Virtu Financial will serve as the company's executing broker under the plan.
TON Strategy Company Appoints Kevin Wilson as CEO
TON Strategy Company announced the appointment of Kevin Wilson as CEO, effective May 4. Wilson is a senior fintech executive and global markets professional with more than two decades of experience across financial markets, institutional trading and digital assets. Most recently, Wilson served as Managing Director at Integral Development Corp. and led new business for the firm's cryptocurrency trading and blockchain-based initiatives.
Bitfarms Achieves 72% Revenue Growth Ahead of Rebrand
The close of the first quarter brought a wave of institutional expansion and corporate rebranding, as major infrastructure operators and global brokers moved to solidify their presence in the digital asset market. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.BITFARMS ACHIEVES RECORD SEVENTY TWO PERCENT REVENUE GROWTH AHEAD OF REBRAND:Digital asset infrastructure operators are reporting strong fiscal performance as they transition to new corporate identities. Bitfarms. The company is currently advancing its strategic plan to rebrand the entire organization as Keel Infrastructure, with the change effective April 1. This maturation of the infrastructure sector is being reflected in broader regulatory filings, with firms likeandalso finalizing their annual reports to close the quarter.AMERICAN BITCOIN CROSSES SEVEN THOUSAND COIN MILESTONE AS CORPORATE TREASURIES EXPAND:Corporate balance sheets continue to aggressively accumulate digital commodities despite broader market volatility. American Bitcoin, announcing it has surpassed the 7,000 bitcoinmilestone, nearly tripling its reserves since its Nasdaq debut. Other firms are also disclosing significant holdings; Ton Strategyit now holds 219.7M toncoinwith a fair value of $356.8M,out of Hyperscale Datamaintains a treasury of 633.86 coins that, combined with its cash position, significantly exceeds its current market cap.INTERACTIVE BROKERS AND GALAXY DIGITAL EXPAND GLOBAL ACCESS AS BLACKROCK SHIFTS HOLDINGS:Service providers are aggressively broadening their reach to meet global demand for digital assets. Interactive Brokers, offering access to 11 tokens including solana, XRP, dogecoin, and cardano. Domestically, Galaxy Digital, offering estimated rewards of 6.50%. This expansion occurs as institutional giants rebalance their underlying holdings; Lookonchain detected that BlackRockinto Coinbase Primefor custody rebalancing.PRICE ACTION:As of time of writing, bitcoin was trading at $67,130.17, while ether was trading at $2,071.93,.
TON Strategy Company Appoints Mary Marbach as General Counsel
TON Strategy Company announced the appointments of Mary Marbach as General Counsel and Corporate Secretary and Bill Rivard as Chief Accounting Officer, effective January 5, 2026. Marbach was most recently the General Counsel and Corporate Secretary of Savant Science. Rivard was appointed CAO following his service as Interim CFO from June 2023 to August 2025 and Division CFO of the Company's Global Digital Media division since August 2025.
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