TON Strategy has completed its legacy business clearance, expected to reduce annual operating costs by $4 million.
Odaily reported that the Nasdaq-listed digital asset reserve company TON Strategy Company (TONX) announced that it has basically completed the winding down of its traditional social e-commerce and software operations inherited from Verb Technology, and has released preliminary results for its June staking business. TON Strategy stated that this adjustment is aimed at optimizing its cost structure and shifting the company’s strategic focus toward managing Gram token reserves and supporting the development of the TON ecosystem. It is reported that this round of winding down mainly involves:
The legacy agency business and livestream shopping services of MARKET.live;
Business related to the LyveCom social e-commerce software.
TON Strategy expects that this adjustment will reduce the company’s annual cash operating expenses by approximately 4 million US dollars, and further simplify its operating structure. The relevant financial impact is expected to begin appearing in the financial report for the second quarter of 2026, and to be fully reflected in subsequent quarters. (Globenewswire)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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