Ton Strategy Company · NASDAQ:TONX
Ton Strategy — Verb Technology Company — Investor Presentation (August 2025)
28 slides from Ton Strategy's investor presentation, Aug 4, 2025
Slide 1: TON Strategy Co. Investor Presentation August 2025
Ton Strategy Co INVESTOR PRESENTATION AUGUST 2025
Slide 2: Disclaimer
DISCLAIMER Forward-Looking Statements This presentation (the “Presentation”) includes certain statements, estimates, targets, and projections that may constitute “forward-looking statements” within the meaning of the federal securities laws. All statements other than statements of historical fact in
Slide 3: Executive Summary
EXECUTIVE SUMMARY @ TON: A Modern Blockchain With Highly Scalable Distribution ution: With 1B+ monthly active users, Telegram is one of the world’s fastest growing messenger apps") Technology: One of the most scalable and malleable blockchain architectures available for mass adoption and scale, read
Slide 4: An Unrivaled Alliance of Market Leaders
AN UNRIVALED ALLIANCE OF MARKET LEADERS CRYPTO VETERANS & PROVEN OPERATORS + Led and governed by trusted founders and executives from the crypto space, including Veronika Kapustina, Senior Advisor to the TON Foundation, Sarah Olsen, Managing Partner at a crypto asset manager, and Nicolas Cary, Found
Slide 5: Content is King — Distribution is the Queen
Ton Strategy Co Content is King — Distribution is the Queen
Slide 6: Telegram: The World's Largest Crypto Enabled Distribution Channel
TELEGRAM: THE WORLD'S LARGEST CRYPTO ENABLED DISTRIBUTION CHANNEL Telegram's Ranked #1 by Monthly A in Crypto Worldwi Despite Large User Bases, These Platforms Lack Crypto Integration 1 B O@mgaaeon a 1,000M+ Monthly Active Users!4) #1 App by Monthly Downloads in App Store() 15B+ Daily Messages Excha
Slide 7: Deepening Integration Between TON and Telegram
DEEPENING INTEGRATION BETWEEN TON AND TELEGRAM TON Foundation aims to onboard 30% of active Telegram users to TON in the next 3 to 5 years 1,500M 1,000M 500M Martin Masser, Head of Growth, TON Foundation 2021 2022 2023 2024 2025E Telegram MAU (M) ‘Active TON Users?) 2028E
Slide 8: Telegram's User Interface Is Built to Make Crypto Usage Fast, Easy, and Accessible
TELEGRAM'S USER INTERFACE IS BUILT TO MAKE CRYPTO USAGE FAST, EASY, AND ACCESSIBLE With crypto tools built in, users can rely on Telegram and TON as their all-in-one Web3 platform TON WALLET PURCHASE SOULS Sx Ox Sx FO» S- Oe oS x > G TON Teleport © 02 v Deposit BTC to TON Network Send BTC to this ad
Slide 9: Telegram Users Are Unlocking the Full Potential of the TON Ecosystem
TELEGRAM USERS ARE UNLOCKING THE FULL POTENTIAL OF THE TON ECOSYSTEM On Telegram, users rely on TON to secure digital identities, engage with games, generate income, and process payments at scale CREATOR MONETIZATION POWERED BY TON P2P & CROSS-BORDER STABLECOIN TRANSFERS PAY INSTANTLY WITH QR CODES
Slide 10: TON x Telegram Partnership Creates a Unique Ecosystem for Builders and Creators
TON x TELEGRAM PARTNERSHIP CREATES A UNIQUE ECOSYSTEM FOR BUILDERS AND CREATORS WITH BUILT IN MONETISATION POWERED BY TON First of its kind collaboration combines network effects of Telegram with TON’s Blockchain Infrastructure Top Collections le Wallets TON Connect ADVERTISING POWERED BY TON + Targ
Slide 11: TON's Transaction Growth Surpasses All Major Competitors
TON’S TRANSACTION GROWTH SURPASSES ALL MAJOR COMPETITORS TON is The Fastest Growing Blockchain by Transactions in 2024 Top 10 Blockchains by YoY Transaction Growth!) TON is a Fast, Scalable Blockchain Originally Developed By Telegram +2,492% 497% + TON was created by Telegram and is now run by the T
Slide 12: TON Strategy Co. Provides Institutional Exposure to Telegram's Crypto Ecosystem
TON STRATEGY CO. PROVIDES AN OPPORTUNITY TO GET INSTITUTIONAL EXPOSURE TO TELEGRAM'S CRYPTO ECOSYSTEM — AT A DISCOUNT WITH UPSIDE FROM STAKING YIELD, CAPITAL APPRECIATION, AND A PUBLIC MARKET PREMIUM TON STRATEGY CO. is creating an opportunity to access Telegram’s scale, (@) TON Strategy Co. ambitio
Slide 13: TON delivered standout performance, even prior to U.S. Market Entry
TON delivered standout performance, even prior to U.S. Market Entry 2023 2023 2024 2024 13
Slide 14: TON Is an Ideal Asset for a Digital Asset Treasury
Ton Strategy Co TON IS AN IDEAL ASSET FORA DIGITAL ASSET TREASURY
Slide 15: Harnessing the Combined Expertise of Telegram, TON Foundation, and TON Strategy Co.
HARNESSING THE COMBINED EXPERTISE OF TELEGRAM, TON FOUNDATION, AND TON STRATEGY CO. TON STRATEGY CO. SERVES AS THE CAPITAL MARKETS ENGINE DRIVING VALUE CREATION FOR THE TON ECOSYSTEM 18+ MAU DISTRIBUTION CHANNEL Ton Strategy Co Promote Usage Of TON TON FOUNDATION Strategy Co Enable Value Accrual Via
Slide 16: Highly Attractive Entry mNAV
HIGHLY ATTRACTIVE ENTRY MNAV TON Strategy Co.’s ability to acquire TON at a discount ensures a highly attractive entry mNAV for equity investors relative to peers Ton WW Kinalymp” TWENTY ONE® SHARPLINK® ProCap BTC, LLC | Do Strategy Co 16
Slide 17: L1 Digital Asset Treasuries Share of Market Cap
L1 DIGITAL ASSET TREASURIES SHARE OF MARKET CAP On Day 1, Ton Strategy Co will have a sizeable share of underlying L1’s market cap relative to all other DAT players LAR VALUE OF HOLDINGS (% OF L1 MARKET CAP) Disproportionate Share of Gains for Largest Digital Asset Treasuries (DAT) 9.26% Ton Strateg
Slide 18: Superior Staking Yield Generation
SUPERIOR STAKING YIELD GENERATION PURCHASING TON AT A DISCOUNT PROVIDES A MEANINGFUL YIELD ADVANTAGE sine © es me) NEA rn CNA wince NE - (RES on Q ETS cum @ ESI « QMS 18
Slide 19: The Time Is Now — TON Stands at a Strategic Inflection Point
THE TIME IS NOW — TON STANDS AT A STRATEGIC INFLECTION POINT WITH SUBSTANTIAL GROWTH POTENTIAL TON’S MARKET CAP IS SIGNIFICANTLY SMALLER THAN ETH AND SOL ~51X TON’s Market Cap $434B ~11X TON’s Market Cap $91B TON » Solana }) Ethereum 19
Slide 20: Our 2025 Strategic Roadmap to Unlock Value
OUR 2025 STRATEGIC ROADMAP TO UNLOCK VALUE A self-reinforcing flywheel around ‘TON within Telegram’: growing utility attracts new users, drives usage, inspires developers, fuels application creation, and ultimately boosts TON’s overall value SAVE, BORROW, PAY & REMIT Self-Custody Finance With Superi
Slide 21: Two Pillars of Imminent U.S. Entry Unlock Significant Growth
TWO PILLARS OF IMMINENT U.S. ENTRY UNLOCK SIGNIFICANT GROWTH © C2 ) Expected Spot TON Listings on Removing Geo-Block For US Telegram US Exchanges and Marketplaces For Self-Custodial TON Wallet coinbase © Tribute & GEMINI Telegram mkraken @ Phantom Robinhood # 21
Slide 22: Team Overview & Transaction Summary
Ton Strategy Co TEAM OVERVIEW & TRANSACTION SUMMARY
Slide 23: TON Strategy Co. Executive Chairman
TON STRATEGY CO. EXECUTIVE CHAIRMAN Manuel Stotz Executive Chairman May-2025} Genesis Heedl Digital Assets “Manny” is the Founder & CEO of Kingsway Capital since its inception in 2013, after starting his investment career in 2008 at Goldman Sachs Investment Partners (GSIP). At Manny's direction, Kin
Slide 24: TON Strategy Co. Leadership Team
TON STRATEGY CO. LEADERSHIP TEAM t f= \4 Veronika Kapustina Chief Executive Officer With over 15 years in technology investment and finance, Veronika brings deep company scaling and capital markets expertise. She is a Senior Advisor to the TON Foundation, oversaw its recent reorganization, and playe
Slide 25: Board Members
Board Members!) Mark Stoleson Vice-Chairman For nearly 20 years Mark served as the CEO of the Legatum Group, a global investment firm, Under Mark's leadership Legatum built a world-class investment team and business spanning global capital markets, private equity and venture capital. In addition to
Slide 26: Transaction Summary
TRANSACTION SUMMARY EQUITY TERMS Issuer Capital Raise Type Timing Equity PIPE Terms Size Transaction Consideration Implied mNAV Use of Proceeds Lock-Up. Registration Placement Agent 1. Assumes Toncoln price of $3.3 base based onthe TON spot pice of $3.67 per Verb Technology Company Inc. (NASDAQ: VER
Slide 27: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS UNIQUE DISTRIBUTION EDGE PAIRED WITH POWERUL GROWTH CATALYSTS — U.S. MARKET ENTRY + Telegram tops downloads, ahead of WhatsApp and Messenger, giving TON a direct gateway to mass adoption at a scale no other blockchain has achieved. The TON wallet inside Telegram is expected
Slide 28: Risk Factors
RISK FACTORS Risks Related to the Company's Business and TON Strategy and Holdings + ‘The Company's financial result price ofthe c fected by the prices of TON + Investing in TON will expose the C . TON, such as pr limited liquidity e , relat ity, ibility to market theft, compli failures at exchanges
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