Kingsway Capital Writes Letter to TON Strategy’s Board
Kingsway Capital Partners, holding an approximately 22% economic interest, published a letter to the TON Strategy board criticizing limited share repurchases and inadequate board engagement. Kingsway and Manuel Stotz — who is both Kingsway's CEO and TON Strategy's Executive Chairman — argue the company should aggressively buy back stock while shares trade at a 44% discount to Estimated Treasury Asset Value Per Share.
Key figures
- Economic interest pct
- 22%
- Discount to estimated treasury asset value
- 44%
AI analysis
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