TON Strategy has entered into a Rule 10b5-1 trading plan to facilitate the repurchase of its common stock, aiming to return capital to shareholders. The plan covers a two-month period beginning July 1, 2026, and operates under the company's existing $250 million stock repurchase authorization.

Trading Plan Details

The adoption of the Rule 10b5-1 plan allows TON Strategy to repurchase shares at times when it might otherwise be precluded from doing so due to insider trading restrictions. This mechanism provides a structured framework for the company to execute its buyback strategy without violating securities laws.

Execution and Authorization

Virtu Financial has been appointed as the executing broker for the plan. The repurchase activity is authorized under the $250 million stock repurchase program initially announced by the company on September 3, 2025.

The company intends to fund repurchases using available cash resources, subject to market conditions and applicable legal requirements. TON Strategy may suspend or discontinue the plan at any time if business or market conditions warrant such action.

TON Strategy Company highlighted the TON community's rebrand of Toncoin, the native currency of The Open Network, to Gram following a governance vote that concluded on June 8, 2026. Public reports indicate that 81.22% of participating voting power supported the proposal, which was implemented today to provide a simpler, more unified identity for the network's native asset. The rebrand leaves the underlying blockchain, token balances, addresses, smart contracts, staking positions, and user holdings unchanged.

The rebrand changes the native asset ticker from $TON to $GRAM, while the underlying blockchain and network name remain TON. No token swap, migration, bridge, claim, or conversion is required in connection with the rebrand. TON Strategy's Nasdaq ticker, TONX, remains unchanged.

"The move from Toncoin to Gram is an important identity milestone for the TON ecosystem," said Kevin Wilson, CEO of TON Strategy Company. "By adopting Gram, the token name associated with Telegram's original TON vision, the ecosystem is moving toward a more intuitive currency identity as Telegram has recently shown a more direct and active role in TON's technical roadmap as the largest validator in the network."

Ecosystem Developments

The Gram rebrand follows a series of recent TON ecosystem developments focused on improving the network's usability, performance, and developer experience. Recent network upgrades have improved speed, transaction efficiency, validation performance, and developer tooling. As TON continues to develop around Telegram-native use cases, including wallets, payments, high-volume consumer applications, and emerging agentic AI use cases, the Gram identity aims to make the network easier for users to understand.

TON Strategy's Role

TON Strategy remains focused on accumulating, staking, and supporting Gram, formerly known as Toncoin, as part of its long-term digital asset treasury strategy. As a significant holder and validator within the TON ecosystem, the Company continues to evaluate ecosystem developments based on their potential to support long-term utility, adoption, and network activity.