TONX Acquires Majority of Telegram's TON Sales for Long-Term Staking

2026-01-07 16:15

TONX, a NASDAQ-listed TON treasury company, has been the primary purchaser of TON tokens sold by Telegram, according to a statement by Manuel Stotz, chairman of TONX. These tokens are subject to a four-year vesting period and are intended for long-term holding and staking. Despite selling over $450 million worth of TON, Telegram's net holdings of the cryptocurrency have not significantly decreased, and may have even increased. Telegram's revenue surged to $870 million in the first half of the year, marking a 65% increase from the previous year, with the TON ecosystem contributing to this growth. The strategic acquisition by TONX underscores the company's commitment to the TON network's long-term development and stability.

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