TON Strategy Completes Wind-Down of Legacy Businesses, Expected to Reduce Annual Operating Costs by $4 Million

Odaily Planet Daily News: TON Strategy Company (TONX), a Nasdaq-listed digital asset reserve company, announced that it has substantially completed the wind-down of its legacy social e-commerce and software businesses inherited from Verb Technology, and disclosed the preliminary performance of its staking business for June. TON Strategy stated that this adjustment aims to optimize the cost structure, allowing the company to strategically focus more on managing its Gram token reserve and supporting the development of the TON ecosystem. It is understood that this round of wind-down mainly involves:

The legacy agency business and live shopping services of MARKET.live;

Business related to the LyveCom social e-commerce software.

TON Strategy estimates that this adjustment will reduce the company's annual cash operating expenses by approximately $4 million and further simplify its operational structure. The related financial impact is expected to begin appearing in the financial report for the second quarter of 2026 and will be fully reflected in subsequent quarters. (Globenewswire)