8-K - TON Strategy Co. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

TON Strategy Company reported a net loss of $148.5 million for the full year 2025, driven by a $114.2 million net loss on crypto assets, while holding $356.8 million in Toncoin.

Key Takeaways

1Total revenue increased to $12.8 million in 2025 from $0.9 million in 2024, with $4.0 million derived from staking activities.

2Net loss widened to $148.4 million, significantly impacted by a $114.2 million net loss on crypto assets.

3The Company held approximately 219.7 million units of $TON with a fair value of $356.8 million as of December 31, 2025.

4Cash and restricted cash totaled $39.7 million at year-end, compared to $8.5 million in the prior year.

5The Board is conducting a formal search for a permanent Chief Executive Officer to succeed Veronika Kapustina.

Current Report Details

Event Type

Financial Results

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

2.02

(including Exhibit 99.1 hereto) in this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Secur

Financial Results

9.01

. Financial Statements and Exhibits.** ** ** (d) Exhibits | 99.1 | Press Release, dated March 31, 2026. | |---|---| | 104 | Cover Page Interactive Data File (em

Exhibits Only

Source Document

Results of Operations

Full Year 2025

Metric	Value	Prior Period
Revenue	$12.80	$0.90
Gross Profit	$7.60	$0.70
Loss from Operations	$-36.40	$-11.60
Net Loss	$-148.40	$-10.50
Net Loss on Crypto Assets	$-114.20
Basic and Diluted Loss Per Share	$-5.96	$-19.36

Executive & Director Changes

Veronika Kapustina

Chief Executive Officer

Transition

Effective: 2026-01-01

Planned leadership transition; Board conducting search for permanent CEO

Exhibits (2)

8-K

99.1

EX-99.1