Ton Strategy Company (Tonx) has repurchased over 250,000 shares of its joint share for $ 8.32 per (Silent) at $ 12.18, the company said.
The move is part of the newly launched $ 250 million repurchase program and follows its pivot to place Toncoin as the company’s primary treasury asset.
The company also announced that it has begun to insert its tons of holdings to earn rewards by helping to secure the blockchain networks effectively by using vacant government bonds to generate dividends.
Data from Stakingrewards show that the yield can be as high as 4.8%. The company on its site says it owns 217.5 million tonnes of tokens, where each currently trades at $ 3.24. It would lead to an annual dividend near $ 34 million if the entire treasury had to stab.
Ton strategy shares are more than 43% down in the last 30 days and then a decrease of 9.2% in Friday’s trade session.
TONX shares have in trading after closing time rose up 3.7%.
