TON Strategy Company Announces Senior Officer Appointments
Rhea-AI Summary
TON Strategy Company (Nasdaq: TONX) announced the appointments of Mary L. Marbach as General Counsel and Corporate Secretary and Bill J. Rivard as Chief Accounting Officer, effective January 5, 2026.
Marbach brings 20+ years in legal, governance, and regulatory roles across public and growth-stage companies, including leading legal through an IPO and a $280 million acquisition. Rivard has 30+ years in corporate accounting, SEC reporting, and internal controls and served as Interim CFO from June 2023 to August 2025.
The company said these hires strengthen governance, SEC reporting, and institutional controls as TON Strategy scales regulated access to Toncoin through custody, validator operations, staking, and public reporting.
Positive
- Appointed an experienced General Counsel with 20+ years in public company governance
- Chief Accounting Officer has 30+ years of SEC reporting and accounting experience
- Marbach led legal through an IPO and a $280 million acquisition
- Appointments aimed at strengthening institutional controls and SEC reporting
Negative
- Interim CFO role continued for over two years (June 2023–August 2025), indicating a prolonged transition
- Release provides no disclosed timeline or measurable milestones for governance or reporting changes
News Market Reaction
On the day this news was published, TONX gained 0.33%, reflecting a mild positive market reaction. This price movement added approximately $560K to the company's valuation, bringing the market cap to $170M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
TONX is up 11.52% while closely ranked peers are mixed: ALTS -4.58%, APPS +0.78%, MITK +0.38%, HKD +1.47%, RMNI -1.03%. The move appears stock‑specific rather than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 18 | TON listing news | Positive | -2.5% | Coinbase launched $TON spot trading across multiple global platforms. |
| Nov 12 | Q3 earnings update | Positive | +14.3% | Reported Q3 profitability, large crypto gains, and authorized major buyback. |
| Sep 29 | Staking & buybacks | Positive | -0.6% | Expanded $TON staking and detailed use of staking income for repurchases. |
| Sep 12 | Initial buybacks | Positive | -9.3% | Announced early share repurchases below TAV and start of TON staking. |
| Sep 10 | Exchange listings | Positive | +1.1% | Highlighted $TON listings on Gemini, Robinhood, Zengo and treasury growth. |
Recent news has generally been positive (TON listings, buybacks, profitability), yet price reactions have skewed mixed, with three negative and two positive moves following prior announcements.
Over the last several months, TON Strategy Company has focused on building a TON‑centric treasury platform and capital return framework. In September–November 2025 it completed a $558M private placement, initiated a $250M buyback, and ramped staking, projecting $24M in annualized staking revenue. Listings of $TON on major exchanges and Q3 2025 results showing strong fair‑value gains on crypto assets have positioned TONX as a public gateway to The Open Network. Today’s senior legal and accounting appointments extend this trajectory, emphasizing governance and reporting depth alongside prior balance‑sheet and ecosystem milestones.
Market Pulse Summary
This announcement adds experienced legal and accounting leadership as TON Strategy Company deepens its role as a public gateway to the TON blockchain. The company previously highlighted large TON treasury holdings, staking activity, and a substantial buyback program, alongside a sharp swing to profitability from crypto fair‑value gains in Q3 2025. Investors may watch how enhanced governance, SEC reporting expertise, and institutional‑grade controls support execution of the TON‑centric strategy and interact with past regulatory correspondence and insider activity disclosed in recent filings.
Key Terms
digital asset treasury financial
toncoin technical
institutional custody financial
validator operations technical
staking governance technical
sec reporting regulatory
certified public accountant financial
internal controls technical
AI-generated analysis. Not financial advice.
LAS VEGAS, Jan. 08, 2026 (GLOBE NEWSWIRE) -- TON Strategy Company (Nasdaq: TONX), a digital asset treasury company dedicated to holding Toncoin ($TON), today announced the appointments of Mary L. Marbach as General Counsel and Corporate Secretary and Bill J. Rivard as Chief Accounting Officer, effective January 5, 2026.
Ms. Marbach brings more than two decades of experience leading legal, governance, and regulatory functions for public and growth-stage companies. Marbach was most recently the General Counsel and Corporate Secretary of Savant Science Inc. She previously served as Chief Legal Officer and Corporate Secretary at Twinlab Consolidation Corporation (Nasdaq: TLCC) and was Chief Legal Officer and Corporate Secretary at Vitacost.com, Inc. (Nasdaq: VITC), where she led the Company’s legal operations from its Initial Public Offering through its public market growth and
Mr. Rivard was appointed Chief Accounting Officer following his service as Interim Chief Financial Officer from June 2023 to August 2025 and Division Chief Financial Officer of the Company’s Global Digital Media division since August 2025. He previously served as Corporate Controller from November 2021 to June 2023 and has more than 30 years of experience in corporate accounting, SEC reporting, and internal controls, including service as a staff accountant at the U.S. Securities and Exchange Commission. Mr. Rivard began his career in technical accounting and financial reporting experience at the accounting firm RSM US LLP where he served as an auditor and is a licensed Certified Public Accountant in the State of California.
TON Strategy Company is led by Chief Executive Officer Veronika Kapustina and Chief Financial Officer/Chief Operating Officer Sarah Olsen, and operates under a governance framework designed to provide transparent, regulated access to $TON through institutional custody, validator operations, staking governance, and public company reporting standards.
“The appointments of Mary Marbach and Bill Rivard further strengthen our leadership team as we continue building TON Strategy Company into a regulated public gateway to the TON blockchain,” said CEO Veronika Kapustina. “Their experience in public company governance, SEC reporting, and institutional controls will be invaluable as we grow our operations.”
Marbach stated, “I’m delighted to join TON Strategy Company. I’m excited to partner with Veronika, Sarah and Bill to build the legal foundation that will support TONX’s operating strategy.”
Rivard stated, “As we continue executing our operations supporting the TON blockchain, disciplined accounting and internal controls are essential. I look forward to continuing to strengthen the Company’s reporting function as we scale our network participation.”
TON Strategy’s management team combines public market governance, institutional investment management, and crypto-native operating experience to support its disciplined, long-term participation in the TON blockchain ecosystem.
About TON Strategy Company
TON Strategy Company (Nasdaq: TONX) is focused on the accumulation of $TON – the native cryptocurrency of Telegram’s billion-user platform – for long-term investment, whether acquired through deployment of proceeds from capital raising activity, staking rewards or via open market purchases. The Company aims to steadily expand its $TON holdings, stake $TON, and support the development of a tokenized economy inside Telegram.
In addition, the Company continues to operate legacy business units, including MARKET.live, a multi-vendor livestream shopping platform, and LyveCom, an AI-powered social commerce innovator that enables brands and merchants to deliver omnichannel livestream shopping experiences across websites, apps, and social platforms.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical fact contained in this press release should be considered forward-looking statements, including, but not limited to, statements regarding: the Company’s management team and governance initiatives; its strategy to manage, stake, and participate in the TON blockchain ecosystem; its ability to execute its TON treasury and network participation strategy; its validator and staking activities; and its long-term business objectives.
In some cases, you can identify forward-looking statements by terms such as “aim,” “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” or the negative of these terms or other similar expressions, although not all forward-looking statements contain these words.
Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements, including, but not limited to: the Company’s ability to execute its digital asset treasury and network participation strategy; its dependence on The Open Network (“TON”) blockchain and Toncoin; fluctuations in the price and liquidity of Toncoin; the availability and performance of staking and validator opportunities; cybersecurity and custody risks; regulatory developments affecting digital assets; the Company’s ability to maintain compliance with Nasdaq listing requirements; its ability to attract and retain key management personnel; general market, economic, political, and regulatory conditions; and other important factors discussed in the section entitled “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (“SEC”), which are accessible on the SEC’s website at www.sec.gov.
Although the Company believes that the plans, intentions, expectations, and strategies reflected in or suggested by these forward-looking statements are reasonable, there can be no assurance that such plans, intentions, expectations, or strategies will be achieved. The forward-looking statements in this press release are based on information available to the Company as of the date hereof, and the Company disclaims any obligation to update any forward-looking statements, except as required by law.
Investor Relations and Media Contact:
Gateway Group, Inc.
949-574-3860
TONX@gateway-grp.com
FAQ
Who did TON Strategy Company (TONX) appoint as General Counsel and when did it take effect?
What is Bill J. Rivard's role at TON Strategy Company (TONX) and what is his background?
How do the TONX appointments affect the company's SEC reporting and internal controls?
Did Mary Marbach have prior public company and transaction experience relevant to TONX?
Who are the CEO and CFO leading TON Strategy Company after these appointments?
