TON Strategy (TONX) Total Debt (2014 - 2025)
TON Strategy's (TONX) quarterly Total Debt came in at $500000.0 in Q4 2025, up 262.32% on a YoY basis from $138000.0 in Q4 2024, and little changed quarter-over-quarter from $500000.0 in Q3 2025.
Analysis
TON Strategy (TONX) Total Debt (2014 - 2025) Analysis & Trends
TON Strategy (TONX) has reported Total Debt for 12 consecutive years, with $500000.0 the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Total Debt rose 262.32% year-over-year to $500000.0; the trailing twelve-month figure through Dec 2025 stood at $500000.0 (up 262.32% YoY), and the FY2025 full-year result was $500000.0, up 262.32% from the prior year.
- Total Debt steadied at $500000.0 in Q4 2025 per TONX's latest filing, from $500000.0 in the prior quarter.
- Across five years, Total Debt topped out at $14.2 million in Q4 2022 and bottomed at $138000.0 in Q4 2024.
- Historically, Total Debt has averaged $5.7 million across 5 years, with a median of $5.1 million in 2022.
- The sharpest annual moves came in 2024 and 2025: Total Debt slumped 98.88% in 2024, then surged 262.32% in 2025.
- Over 5 years, Total Debt stood at $8.3 million in 2021, then jumped by 71.55% to $14.2 million in 2022, then tumbled by 72.19% to $3.9 million in 2023, then sank by 96.49% to $138000.0 in 2024, then soared by 262.32% to $500000.0 in 2025.
- According to Business Quant data, Total Debt over the past three periods registered $500000.0, $500000.0, and $138000.0 for Q4 2025, Q3 2025, and Q4 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.70 Bn | 39.92 Bn | 1.16 Bn | 10.78 Bn |
| 2 | Bullish | 5.43 Bn | 5.38 Bn | 15.53 Mn | 2.93 Mn |
| 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 | 212.70 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 | - | 15.15 Mn |
| 9 | TON Strategy | 187.68 Mn | 187.66 Mn | - | - |
| 10 | Universal Token | 174.68 Mn | 174.68 Mn | - | 44,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 500,000.00 |
| Sep 30, 2025 | 500,000.00 |
| Dec 31, 2024 | 138,000.00 |
| Sep 30, 2024 | 143,000.00 |
| Jun 30, 2024 | 144,000.00 |
| Mar 31, 2024 | 2.16 Mn |
| Dec 31, 2023 | 3.94 Mn |
| Sep 30, 2023 | 2.77 Mn |
| Jun 30, 2023 | 12.89 Mn |
| Mar 31, 2023 | 11.49 Mn |
| Dec 31, 2022 | 14.16 Mn |
| Sep 30, 2022 | 5.12 Mn |
| Jun 30, 2022 | 5.99 Mn |
| Mar 31, 2022 | 5.03 Mn |
| Dec 31, 2021 | 8.25 Mn |
| Sep 30, 2021 | 8.42 Mn |
| Jun 30, 2021 | 12.42 Mn |
| Mar 31, 2021 | 9.38 Mn |
| Dec 31, 2020 | 9.83 Mn |
| Sep 30, 2020 | 7.89 Mn |