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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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TON Strategy Company executes a $250 million stock buyback plan, having repurchased over 250,000 shares.
[TON Strategy Company executes $250 million stock buyback plan, has repurchased over 250,000 shares] The digital asset treasury company TON Strategy Company (NASDAQ: TONX) announced that it has repurchased over 250,000 shares of common stock under the previously announced $250 million stock buyback plan, with an average repurchase price of $8.32 per share. The company has also launched TON staking services, earning income by contributing the TON tokens held to network security, creating recurring on-chain revenue for the company. Executive Chairman Manuel Stotz stated that the buyback and staking milestones demonstrate the company's confidence in the durability of its balance sheet and long-term opportunities.