TON Strategy Completes Legacy Business Phase-Out, Expected to Reduce Annual Operating Costs by $4 Million

Odaily reported that TON Strategy Company (TONX), a Nasdaq-listed digital asset reserve company, announced it has substantially completed the phase-out of its legacy social e-commerce and software businesses inherited from Verb Technology, and disclosed preliminary performance data for its June staking operations. TON Strategy stated that this adjustment aims to optimize its cost structure, allowing the company to focus its strategy more sharply on managing the Gram token reserve and supporting the development of the TON ecosystem. The current phase-out primarily involves:

Legacy agency business and live-streaming shopping services from MARKET.live;

Business related to the LyveCom social e-commerce software.

TON Strategy expects this adjustment to reduce the company's annual cash operating expenses by approximately $4 million and further streamline its operational structure. The related financial impacts are expected to begin appearing in the financial reports for the second quarter of 2026, and to be fully reflected in subsequent quarters. (Globenewswire)