TON Strategy TONX Peer Comparison

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

139 Comparable Companies

Industry Blockchain Infrastructure

TON Strategy Co (TONX) is the 51st largest of 139 Blockchain Infrastructure companies by market capitalisation, at 187.68 Mn, behind USBC, Inc. at 194.07 Mn. The table below compares all 139 on 8 financial metrics.

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# Ticker Company match industry_code industry_group industry_group_code Market Capitalization P/E P/S Enterprise Value
1 COIN Coinbase Global, Inc. primary T-58 Fintech TG-09 48.70 Bn -49.24 7.75 39.92 Bn
2 BLSH Bullish primary T-58 Fintech TG-09 5.43 Bn -5.24 0.03 5.38 Bn
3 CNTN Canton Strategic Holdings, Inc. primary T-58 Fintech TG-09 0.49 Bn -6.01 330.55 0.49 Bn
4 CYPH Cypherpunk Technologies Inc. primary T-58 Fintech TG-09 0.45 Bn 7.48 — 0.45 Bn
5 CNCK Coincheck Group N.V. primary T-58 Fintech TG-09 0.27 Bn -24.34 0.08 0.17 Bn
6 EXOD Exodus Movement, Inc. primary T-58 Fintech TG-09 0.23 Bn -1.66 2.08 -0.13 Bn
7 WEWA Wewards, Inc. primary T-58 Fintech TG-09 0.21 Bn -360.66 — 0.21 Bn
8 USBC USBC, Inc. primary T-58 Fintech TG-09 0.19 Bn -1.74 — 0.19 Bn
9 TONX TON Strategy Co primary T-58 Fintech TG-09 0.19 Bn -1.01 8.85 0.19 Bn
10 UTKN Universal Token primary T-58 Fintech TG-09 0.17 Bn -624.33 -120,805.62 0.17 Bn
11 STEX Streamex Corp. primary T-58 Fintech TG-09 0.13 Bn -0.26 751.34 0.11 Bn
12 FRMM FORUM MARKETS Inc primary T-58 Fintech TG-09 0.09 Bn -0.17 8.41 0.09 Bn
13 BTCS BTCS Inc. primary T-58 Fintech TG-09 0.07 Bn -1.27 4.16 -0.01 Bn
14 HYPD Hyperion Defi, Inc. primary T-58 Fintech TG-09 0.05 Bn 13.25 36.05 0.04 Bn
15 STKE SOL Strategies Inc. primary T-58 Fintech TG-09 0.03 Bn -0.22 — 0.03 Bn
16 AIXC AIxCrypto Holdings, Inc. primary T-58 Fintech TG-09 0.01 Bn -0.57 — 0.01 Bn
17 CBLO C2 Blockchain, Inc. primary T-58 Fintech TG-09 0.01 Bn -0.71 758.01 0.01 Bn
18 GNLN Greenlane Holdings, Inc. primary T-58 Fintech TG-09 0.01 Bn -0.09 4.37 -0.01 Bn
19 LOTT Techlott Inc. primary T-58 Fintech TG-09 0.01 Bn -0.46 — 0.01 Bn
20 PDC Perpetuals.com Ltd primary T-58 Fintech TG-09 0.01 Bn — — 0.00 Bn
21 IONI I-ON Digital Corp. primary T-58 Fintech TG-09 0.00 Bn 2.55 8.16 0.00 Bn
22 IPST Ip Strategy Holdings, Inc. primary T-58 Fintech TG-09 0.00 Bn -0.01 0.17 0.00 Bn
23 DCX Digital Currency X Technology Inc. primary T-58 Fintech TG-09 0.00 Bn 0.00 0.92 0.00 Bn
24 BKKT-WT Bakkt, Inc. primary T-58 Fintech TG-09 0.00 Bn -0.01 0.00 -0.05 Bn
25 GROO GROOVY COMPANY, INC. primary T-58 Fintech TG-09 0.00 Bn -0.07 5.83 0.00 Bn
26 SHOP Shopify Inc. secondary T-52 Internet Platforms TG-08 187.92 Bn 97.47 14.16 182.98 Bn
27 MELI Mercadolibre Inc secondary T-51 Internet Platforms TG-08 100.30 Bn 53.84 2.85 85.10 Bn
28 DASH DoorDash, Inc. secondary T-53 Internet Platforms TG-08 91.73 Bn 109.76 5.77 86.40 Bn
29 LYV Live Nation Entertainment, Inc. secondary C-10 Live Venues CG-04 40.87 Bn -156.51 1.56 32.86 Bn
30 TKO TKO Group Holdings, Inc. secondary C-10 Live Venues CG-04 35.45 Bn 22.94 6.69 33.93 Bn
31 CRCL Circle Internet Group, Inc. secondary F-22 Capital Markets FG-05 23.84 Bn 56.15 8.20 22.11 Bn
32 OMC Omnicom Group Inc. secondary C-04 Advertising and Media CG-02 22.67 Bn 48.23 1.01 19.94 Bn
33 CHTR Charter Communications, Inc. /Mo/ secondary C-02 Telecommunications CG-01 18.13 Bn 3.18 0.33 22.57 Bn
34 LAMR Lamar Advertising Co/New secondary R-13 Infrastructure REITs RG-02 13.14 Bn 27.53 5.65 13.08 Bn
35 GDDY GoDaddy Inc. secondary T-46 Cloud Computing TG-07 12.84 Bn 14.55 2.52 11.66 Bn
36 CART Maplebear Inc. secondary T-51 Internet Platforms TG-08 11.90 Bn 25.42 2.98 11.05 Bn
37 GLXY Galaxy Digital Inc. secondary F-22 Capital Markets FG-05 10.29 Bn -18.25 0.18 9.64 Bn
38 FOUR Shift4 Payments, Inc. secondary T-54 Fintech TG-09 7.14 Bn 64.34 1.49 6.90 Bn
39 GLBE Global-E Online Ltd. secondary T-52 Internet Platforms TG-08 6.49 Bn 42.41 5.85 6.13 Bn
40 KRKR 36Kr Holdings Inc. secondary C-07 Advertising and Media CG-02 6.01 Bn -336.82 86.07 5.99 Bn
41 WPP WPP plc secondary C-04 Advertising and Media CG-02 5.46 Bn 0.74 0.19 2.54 Bn
42 OUT OUTFRONT Media Inc. secondary R-13 Infrastructure REITs RG-02 5.10 Bn 20.85 2.64 5.10 Bn
43 WIX Wix.com Ltd. secondary T-46 Cloud Computing TG-07 4.19 Bn -26.05 — 3.59 Bn
44 JOYY JOYY Inc. secondary T-47 Internet Platforms TG-08 3.95 Bn 18.15 1.74 3.63 Bn
45 PTRN Pattern Group Inc. secondary D-32 Retail DG-10 3.14 Bn -25.98 1.04 2.79 Bn
46 STGW Stagwell Inc secondary C-04 Advertising and Media CG-02 2.14 Bn 121.21 0.71 2.05 Bn
47 IDT Idt Corp secondary C-02 Telecommunications CG-01 1.60 Bn 19.44 1.26 1.38 Bn
48 LQDT Liquidity Services Inc secondary T-51 Internet Platforms TG-08 1.32 Bn 39.54 2.69 1.08 Bn
49 CCO Clear Channel Outdoor Holdings, Inc. secondary R-13 Infrastructure REITs RG-02 1.21 Bn -11.87 0.72 1.03 Bn
50 RSKD Riskified Ltd. secondary T-38 Infrastructure Software TG-06 1.02 Bn -65.70 2.78 0.91 Bn
51 EEX Emerald Holding, Inc. secondary C-10 Live Venues CG-04 1.00 Bn -25.70 1.94 0.88 Bn
52 TDAY USA TODAY Co., Inc. secondary C-07 Advertising and Media CG-02 0.93 Bn -19.60 0.42 0.84 Bn
53 VBNK VersaBank secondary F-02 Banking FG-01 0.72 Bn 24.96 6.67 0.36 Bn
54 EVC Entravision Communications Corp secondary T-50 Internet Platforms TG-08 0.70 Bn 185.68 1.03 0.62 Bn
55 CARS Cars.com Inc. secondary T-51 Internet Platforms TG-08 0.63 Bn 15.90 0.87 0.60 Bn
56 VTEX Vtex secondary T-52 Internet Platforms TG-08 0.62 Bn 19.01 1.71 0.44 Bn
57 QUAD Quad/Graphics, Inc. secondary C-04 Advertising and Media CG-02 0.60 Bn 16.48 0.25 0.60 Bn
58 OWLS Obook Holdings Inc. secondary T-54 Fintech TG-09 0.48 Bn -14.60 63.54 0.47 Bn
59 BTQ BTQ Technologies Corp. secondary T-42 Infrastructure Software TG-06 0.43 Bn -20.59 1,053.39 0.43 Bn
60 RZLV Rezolve Ai Plc secondary T-52 Internet Platforms TG-08 0.36 Bn -2.63 7.69 0.25 Bn
61 TDUP ThredUp Inc. secondary D-32 Retail DG-10 0.36 Bn -15.86 1.07 0.30 Bn
62 SCTH Securetech Innovations, Inc. secondary T-61 Robotics and Automation TG-10 0.35 Bn — — 0.35 Bn
63 NCMI National CineMedia, Inc. secondary C-04 Advertising and Media CG-02 0.23 Bn -32.27 0.94 0.19 Bn
64 BGIN BGIN BLOCKCHAIN Ltd secondary T-01 Semiconductors TG-01 0.23 Bn -1.25 3.39 0.20 Bn
65 FUFU Bitfufu Inc. secondary T-59 Fintech TG-09 0.22 Bn -1.87 0.54 0.19 Bn
66 GLOO Gloo Holdings, Inc. secondary T-20 Business Applications TG-03 0.22 Bn -2.47 1.79 0.20 Bn
67 CMRC Commerce.com, Inc. secondary T-52 Internet Platforms TG-08 0.21 Bn -258.34 0.61 0.06 Bn
68 LEE LEE ENTERPRISES, Inc secondary C-07 Advertising and Media CG-02 0.18 Bn -24.18 0.35 0.12 Bn
69 DFDV DeFi Development Corp. secondary T-29 Vertical Software TG-05 0.18 Bn -0.81 4.11 0.17 Bn
70 DVLT Datavault AI Inc. secondary T-36 Infrastructure Software TG-06 0.17 Bn -0.84 3.65 0.17 Bn
71 BZUN Baozun Inc. secondary T-52 Internet Platforms TG-08 0.15 Bn -8.71 0.10 -0.07 Bn
72 RGP Resources Connection, Inc. secondary I-25 Business Services IG-06 0.14 Bn -3.33 0.31 0.06 Bn
73 GOAI Eva Live Inc secondary T-50 Internet Platforms TG-08 0.11 Bn -15.74 6.50 0.11 Bn
74 GAMG Global Asset Management Group, Inc. secondary R-18 Property Developers RG-05 0.11 Bn -108.21 551.05 0.11 Bn
75 HFUS Hartford Creative Group, Inc. secondary C-04 Advertising and Media CG-02 0.10 Bn 86.60 42.80 0.10 Bn
76 FLNT Fluent, Inc. secondary T-50 Internet Platforms TG-08 0.10 Bn -5.66 0.49 0.09 Bn
77 ANTA Antalpha Platform Holding Co secondary T-56 Fintech TG-09 0.09 Bn 0.00 0.00 -0.80 Bn
78 AIFC AI Financial Corp secondary T-54 Fintech TG-09 0.08 Bn -0.09 3.90 0.08 Bn
79 WKEY Wisekey International Holding S.A. secondary T-38 Infrastructure Software TG-06 0.07 Bn -12.06 3.80 414.88 Bn
80 BLNC Balance Labs, Inc. secondary F-10 Asset and Wealth Management FG-03 0.07 Bn -5.17 798.03 0.07 Bn
81 GCL GCL Global Holdings Ltd secondary T-49 Internet Platforms TG-08 0.07 Bn -2.67 0.29 1,356.90 Bn
82 MAPS Wm Technology, Inc. secondary T-51 Internet Platforms TG-08 0.06 Bn 13.99 0.37 0.08 Bn
83 SDM Smart Digital Group Ltd secondary C-04 Advertising and Media CG-02 0.06 Bn -1.32 1.58 0.06 Bn
84 SGA Saga Communications Inc secondary C-06 Advertising and Media CG-02 0.06 Bn -6.33 0.56 0.03 Bn
85 EUBG Entrepreneur Universe Bright Group secondary T-17 Business Applications TG-03 0.05 Bn 40.56 10.75 0.04 Bn
86 TJGC TJGC GROUP Ltd secondary C-04 Advertising and Media CG-02 0.05 Bn -18.02 14.49 0.05 Bn
87 IZEA IZEA Worldwide, Inc. secondary C-04 Advertising and Media CG-02 0.05 Bn -18.14 1.96 0.01 Bn
88 TOON Kartoon Studios, Inc. secondary C-08 Entertainment Content CG-03 0.04 Bn -2.88 1.26 0.00 Bn
89 NIPG NIP Group Inc. secondary C-10 Live Venues CG-04 0.04 Bn -0.17 0.32 -5,736.16 Bn
90 FIEE FiEE, Inc. secondary T-63 Technology Services TG-11 0.03 Bn 5.47 2.56 0.03 Bn
91 HHS Harte Hanks Inc secondary I-26 Business Services IG-06 0.03 Bn -5.58 0.21 0.03 Bn
92 HAFG Holistic Asset Finance Group Co., Ltd. secondary C-04 Advertising and Media CG-02 0.03 Bn -269.75 8.75 0.03 Bn
93 FCCI Fast Casual Concepts, Inc. secondary C-04 Advertising and Media CG-02 0.03 Bn -744.87 — 0.03 Bn
94 GAME GameSquare Holdings, Inc. secondary C-04 Advertising and Media CG-02 0.02 Bn -0.53 0.43 0.02 Bn
95 BLIV BeLive Holdings secondary T-52 Internet Platforms TG-08 0.02 Bn 3.26 40.31 0.02 Bn
96 PAYD Paid Inc secondary T-52 Internet Platforms TG-08 0.02 Bn 159.70 0.92 0.02 Bn
97 TGHL GrowHub Ltd secondary T-32 Vertical Software TG-05 0.02 Bn -1.45 305.40 0.02 Bn
98 QCLS Q/C Technologies, Inc. secondary T-01 Semiconductors TG-01 0.01 Bn -2.05 — 0.02 Bn
99 DLPN Dolphin Entertainment, Inc. secondary C-04 Advertising and Media CG-02 0.01 Bn -5.20 0.25 0.01 Bn
100 CRWE Crown Equity Holdings, Inc. secondary C-04 Advertising and Media CG-02 0.01 Bn -119.93 21,651.46 0.01 Bn
101 CAHO Caro Holdings Inc. secondary T-52 Internet Platforms TG-08 0.01 Bn -18.10 1,870.83 0.01 Bn
102 OXBR OXBRIDGE RE HOLDINGS Ltd secondary F-15 Insurance FG-04 0.01 Bn 30.54 4.19 -0.01 Bn
103 BLIN Bridgeline Digital, Inc. secondary T-17 Business Applications TG-03 0.01 Bn -8.27 0.74 0.01 Bn
104 BNKK Bonk, Inc. secondary S-03 Beverages SG-01 0.01 Bn -0.36 3.08 0.01 Bn
105 ZTG Zenta Group Co Ltd secondary I-26 Business Services IG-06 0.01 Bn — — 0.01 Bn
106 LZMH LZ Technology Holdings Ltd secondary C-04 Advertising and Media CG-02 0.01 Bn -0.41 0.05 0.01 Bn
107 DDC DDC Enterprise Ltd secondary S-04 Branded Foods SG-02 0.01 Bn -0.10 0.39 -0.01 Bn
108 PAVS Paranovus Entertainment Technology Ltd. secondary T-49 Internet Platforms TG-08 0.01 Bn -0.45 0.48 -0.01 Bn
109 EDHL Everbright Digital Holding Ltd. secondary C-04 Advertising and Media CG-02 0.01 Bn -2.16 3.52 0.01 Bn
110 SLE Super League Enterprise, Inc. secondary T-50 Internet Platforms TG-08 0.01 Bn -0.33 0.56 0.00 Bn
111 SPTY Specificity, Inc. secondary T-17 Business Applications TG-03 0.01 Bn -8.51 5.05 0.01 Bn
112 AVX Avax One Technology Ltd. secondary T-59 Fintech TG-09 0.00 Bn -0.35 — -0.02 Bn
113 SONM DNA X, Inc. secondary F-22 Capital Markets FG-05 0.00 Bn 0.43 0.07 0.00 Bn
114 CNET ZW Data Action Technologies Inc. secondary T-17 Business Applications TG-03 0.00 Bn -9.98 1.35 0.00 Bn
115 CRE Cre8 Enterprise Ltd secondary C-07 Advertising and Media CG-02 0.00 Bn 5.01 0.28 0.00 Bn
116 INTJ Intelligent Group Ltd secondary C-04 Advertising and Media CG-02 0.00 Bn -1.23 1.82 0.00 Bn
117 DKI DarkIris Inc. secondary T-49 Internet Platforms TG-08 0.00 Bn — — 0.00 Bn
118 APUS Apimeds Pharmaceuticals US, Inc. secondary H-02 Pharmaceuticals and Biotechnology HG-01 0.00 Bn -0.20 12.91 0.00 Bn
119 ENLV Enlivex Ltd. secondary H-02 Pharmaceuticals and Biotechnology HG-01 0.00 Bn -0.22 — 0.00 Bn
120 CNFN CFN Enterprises Inc. secondary C-04 Advertising and Media CG-02 0.00 Bn 8.49 -0.14 0.00 Bn
121 KWIK KwikClick, Inc. secondary T-51 Internet Platforms TG-08 0.00 Bn -2.15 1.08 0.00 Bn
122 KRFG King Resources, Inc. secondary D-14 Leisure Products DG-05 0.00 Bn -3.97 8.24 0.00 Bn
123 GRHI Gold Rock Holdings, Inc. secondary T-40 Infrastructure Software TG-06 0.00 Bn -12.68 11.26 0.00 Bn
124 BMTM Bright Mountain Media, Inc. secondary C-07 Advertising and Media CG-02 0.00 Bn -0.24 0.03 0.00 Bn
125 VSME VS MEDIA Holdings Ltd secondary C-04 Advertising and Media CG-02 0.00 Bn -0.20 0.23 0.00 Bn
126 STFS Star Fashion Culture Holdings Ltd secondary C-04 Advertising and Media CG-02 0.00 Bn — — 0.00 Bn
127 DRCT Direct Digital Holdings, Inc. secondary T-50 Internet Platforms TG-08 0.00 Bn -0.05 0.05 0.00 Bn
128 MYSZ My Size, Inc. secondary T-52 Internet Platforms TG-08 0.00 Bn -0.21 0.12 0.00 Bn
129 AMZE Amaze Holdings, Inc. secondary T-52 Internet Platforms TG-08 0.00 Bn -0.01 0.28 0.00 Bn
130 OMH Ohmyhome Ltd secondary R-17 Real Estate Services RG-04 0.00 Bn -0.06 0.00 0.00 Bn
131 AERA AI Era Corp. secondary C-08 Entertainment Content CG-03 0.00 Bn -2.44 0.08 0.00 Bn
132 UZX Linkage Global Inc secondary T-52 Internet Platforms TG-08 0.00 Bn — — 0.00 Bn
133 BAOS Baosheng Media Group Holdings Ltd secondary C-04 Advertising and Media CG-02 0.00 Bn 0.00 0.89 0.00 Bn
134 BTMCQ Bitcoin Depot Inc. secondary F-22 Capital Markets FG-05 0.00 Bn 0.01 0.00 -0.07 Bn
135 ONAR Onar Holding Corp secondary C-04 Advertising and Media CG-02 0.00 Bn -0.03 0.05 0.00 Bn
136 TNMG TNL Mediagene secondary C-07 Advertising and Media CG-02 0.00 Bn 0.00 0.00 0.00 Bn
137 SMX SMX (Security Matters) Public Ltd Co secondary T-38 Infrastructure Software TG-06 0.00 Bn 0.00 — 0.01 Bn
138 HAO Haoxi Health Technology Ltd secondary C-04 Advertising and Media CG-02 0.00 Bn — — -0.01 Bn
139 ZNB Zeta Network Group secondary T-59 Fintech TG-09 0.00 Bn — — 0.00 Bn