TON Strategy Launches $250M Buyback Plan with Virtu Financial Broker
TONX•TON Strategy Company launched a Rule 10b5-1 plan to repurchase stock over two months starting July 1 under its $250 million buyback authorization, with Virtu Financial as broker. Executives cite shares trading below intrinsic value and confidence in Gram ecosystem’s technical progress and Telegram integration as rationale.
1. Share Repurchase Plan Details
The company entered a Rule 10b5-1 trading plan beginning July 1 for a two-month period, leveraging its existing $250 million repurchase authorization. Virtu Financial will serve as the executing broker, purchasing common stock when market conditions meet predetermined criteria to optimize capital allocation.
2. Strategic Rationale and Ecosystem Confidence
Executives state that repurchasing shares trading at a significant discount to intrinsic value is a compelling way to boost shareholder returns. They highlight recent technical advances in the Gram network, expanded developer engagement and deeper Telegram integration as drivers of future value growth.
