TON Strategy TONX
NASDAQ TONX
$3.32 -0.10 (-2.92%)
At close: Sep 4, 2026 · 4:00 PM EDT

TON Strategy (TONX) Invested Capital (2014 - 2025)

TON Strategy's (TONX) quarterly Invested Capital came in at $407.0 million in Q4 2025, up 2418.65% on a YoY basis from $16.2 million in Q4 2024, and down 36.4% quarter-over-quarter from $640.0 million in Q3 2025.

Analysis

TON Strategy (TONX) Invested Capital (2014 - 2025) Analysis & Trends

TON Strategy (TONX) has reported Invested Capital for 12 consecutive years, with $407.0 million the latest figure, recorded in Q4 2025.

  • For the quarter ending Q4 2025, Invested Capital rose 2418.65% year-over-year to $407.0 million; the trailing twelve-month figure through Dec 2025 stood at $407.0 million (up 2418.65% YoY), and the FY2025 full-year result was $407.0 million, up 2418.65% from the prior year.
  • Invested Capital declined to $407.0 million in Q4 2025 per TONX's latest filing, from $640.0 million in the prior quarter.
  • Across five years, Invested Capital topped out at $640.0 million in Q3 2025 and bottomed at $2.0 million in Q3 2023.
  • Historically, Invested Capital has averaged $69.2 million across 5 years, with a median of $19.7 million in 2024.
  • The sharpest annual moves came in 2023 and 2025: Invested Capital plunged 90.53% in 2023, then surged 3421.66% in 2025.
  • Over 5 years, Invested Capital stood at $21.6 million in 2021, then retreated by 10.44% to $19.3 million in 2022, then tumbled by 63.45% to $7.1 million in 2023, then soared by 128.85% to $16.2 million in 2024, then surged by 2418.65% to $407.0 million in 2025.
  • According to Business Quant data, Invested Capital over the past three periods registered $407.0 million, $640.0 million, and $19.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Coinbase Global 48.70 Bn 39.92 Bn 1.16 Bn 23.86 Bn
2 Bullish 5.43 Bn 5.38 Bn 15.53 Mn 2.42 Bn
3 Canton Strategic Holdings 494.45 Mn 494.45 Mn - -
4 Cypherpunk Technologies 446.07 Mn 446.07 Mn - -
5 Coincheck 267.10 Mn 165.50 Mn 11.20 Mn 404.00 Mn
6 Exodus Movement 226.48 Mn -128.60 Mn - -
7 Wewards 214.97 Mn 214.97 Mn - -
8 Usbc 194.07 Mn 190.41 Mn - 61.55 Mn
9 TON Strategy 187.68 Mn 187.66 Mn - -
10 Universal Token 174.68 Mn 174.68 Mn - 1.15 Mn
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 406.99 Mn
Sep 30, 2025 639.96 Mn
Jun 30, 2025 19.38 Mn
Mar 31, 2025 14.54 Mn
Dec 31, 2024 16.16 Mn
Sep 30, 2024 18.17 Mn
Jun 30, 2024 20.05 Mn
Mar 31, 2024 16.16 Mn
Dec 31, 2023 7.06 Mn
Sep 30, 2023 2.05 Mn
Jun 30, 2023 11.07 Mn
Mar 31, 2023 18.63 Mn
Dec 31, 2022 19.32 Mn
Sep 30, 2022 21.65 Mn
Jun 30, 2022 29.52 Mn
Mar 31, 2022 20.85 Mn
Dec 31, 2021 21.57 Mn
Sep 30, 2021 22.83 Mn
Jun 30, 2021 25.91 Mn
Mar 31, 2021 32.47 Mn