TON Strategy has largely completed the wind-down of legacy social commerce and software operations inherited from Verb Technology Company to align its cost structure with its long-term strategy. The company reported a preliminary June gross staking yield of approximately 16.0% on an annualized basis, demonstrating the productivity of its treasury. As of June 30, 2026, TON Strategy held approximately 230.5 million Gram.

The wind-down focused primarily on MARKET.live’s legacy agency and livestream shopping services, as well as LyveCom-related social commerce software operations. These steps were taken to remove costs tied to non-core legacy operations that no longer fit the company's priorities of managing its Gram treasury and supporting the TON ecosystem. The company began eliminating certain lower-margin MARKET.live service-package contracts in March 2026 and has since terminated associated vendor arrangements and reduced contractor support and personnel expenses.

These actions are expected to reduce annual cash operating expenses by approximately $4.0 million. TON Strategy expects the financial benefit of these reductions 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. The company noted that certain residual obligations associated with legacy operations will remain during a transition period, including contractual, legal, and administrative matters.

Manuel Stotz, Executive Chairman of TON Strategy, stated that the wind-down of VERB is an important milestone expected to reduce costs and free up management capacity to focus on creating value for shareholders. Kevin Wilson, Chief Executive Officer of TON Strategy, emphasized that the June staking performance highlights the importance of disciplined execution and the productivity of the treasury.

Key Metrics

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.