TON Strategy, a NASDAQ-listed treasury company, reported its Q3 2025 financial results, revealing total TON holdings of 21.78 million as of September 30. The company staked 17.71 million TON, earning 336,000 TON in rewards and $707,000 in staking income, valuing its holdings at approximately $58.82 million. Additionally, TON Strategy announced a $25 million stock buyback program, repurchasing 1,984,072 shares at a price below book value.