Welcome to our dedicated page for TON Strategy Co SEC filings (Ticker: TONX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on TON Strategy Co's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time EDGAR feed updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into TON Strategy Co's regulatory disclosures and financial reporting.
Ton Strategy Company reported results for the three months ended March 31, 2026 that reflect its transformation into a Toncoin-focused digital asset treasury business alongside MARKET.live and Go Fund Yourself.
Total revenue rose to $5.3 million from $1.3 million a year earlier, driven mainly by $3.0 million of TON staking revenue and growth at MARKET.live. However, the company recorded a large unrealized loss on its Toncoin holdings, contributing to an operating loss of $3.9 million and a net loss attributable to common stockholders of $91.0 million, compared with a $2.6 million loss in the prior-year quarter.
As of March 31, 2026, total assets were $321.7 million, including $272.0 million of Toncoin carried at fair value and cash, cash equivalents and restricted cash of $35.0 million. Stockholders’ equity was $316.6 million, and 56,530,617 common shares were outstanding.
TON Strategy Company reported first quarter 2026 results shaped by its Toncoin treasury strategy. The company held about 221.9 million units of $TON at March 31, 2026, with digital assets valued around $272.0 million and representing roughly 4.29% of all Toncoin.
Total revenue was $5.3 million, including about $3.0 million from TON staking, producing gross profit of $4.0 million. Total costs and expenses of $7.8 million led to a loss from operations of $3.9 million. Net loss before income taxes reached $91.0 million, driven largely by an $87.9 million unrealized net loss on crypto assets as Toncoin’s fair value declined during the quarter.
Cash and restricted cash were approximately $35.0 million at March 31, 2026, and the company reported no debt. Subsequent TON network upgrades increased gross staking yields to 1.39% in April 2026, up from 0.34% in March, equivalent to about 16.7% on an annualized basis. Kevin Wilson was appointed Chief Executive Officer effective May 4, 2026, as management focuses on positioning TON Strategy as a U.S.-listed vehicle for transparent, institutionally managed Toncoin exposure.
TON Strategy Co CEO Kevin Mark Wilson submitted an initial Form 3 to report his beneficial ownership as an insider of the company. The filing lists him as an officer with the title of CEO and does not show any buy, sell, or derivative transactions in the provided data.
TON Strategy Co director Evan Sohn reported a restructuring transaction involving restricted stock units. On April 29, 2026, he voluntarily forfeited 12,146 restricted stock units that had been granted on August 7, 2025. The award had not vested or settled at the time of forfeiture and carried no transaction price. After this event, Sohn directly holds 2,629 shares of TON Strategy Co common stock.
TON Strategy Co CFO & COO Sarah Josephine Olsen reported two compensation-related restructuring transactions involving restricted stock units (RSUs). On April 29, she voluntarily forfeited 631,864 RSUs from an award granted on August 7, 2025 and 37,956 RSUs from an award granted on October 7, 2025, for a total of 669,820 RSUs. The RSUs were unvested and unsettled at the time of forfeiture and carried a price of $0.00, so these are non‑market events rather than open‑market share sales.
TON Strategy Co General Counsel and Corporate Secretary Mary Marbach reported a restructuring-related compensation change. She voluntarily forfeited 311,908 restricted stock units that had been granted on October 6, 2025. The award had not vested or settled, and no common stock holdings are reported following this transaction.
TON Strategy Co director Highfield Tucker Montana reported a restructuring-related change in equity compensation. On April 29, 2026, the director voluntarily forfeited 12,146 restricted stock units that had been granted on August 7, 2025.
The footnote explains that the RSU award was not vested or settled, in full or in part, at the time of forfeiture. Because the RSUs had not vested into common shares, this was a non-cash, non-market transaction rather than an open-market stock sale or purchase. Following the transaction, the Form 4 shows zero shares of common stock held directly.
TON Strategy Co director reports voluntary forfeiture of unvested RSUs. Director Cary Nicolas Claude surrendered 14,803 restricted stock units that had been granted on August 7, 2025. The RSUs were not vested or settled at the time, involved no cash consideration, and left the director with zero shares reported after this transaction.
TON Strategy Company is asking stockholders to vote at its fully virtual 2026 annual meeting on June 9, 2026, at 10:00 a.m. Eastern Time. Only holders of the 56,530,617 common shares outstanding as of April 15, 2026 may attend and vote.
Stockholders will elect five directors, ratify Grassi & Co., CPAs, P.C. as auditor for 2026, cast an advisory vote on executive pay, approve a new 2026 Equity Incentive Plan, and approve an amendment increasing shares under the 2019 Stock and Incentive Compensation Plan.
The proxy details board and committee structure, independence, governance policies (including clawback and anti‑hedging rules), and significant stock‑based compensation for executives. It also presents pay‑versus‑performance data, showing large 2025 pay outcomes alongside a reported net loss and low cumulative total shareholder return.