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TON Strategy posts $24 million Q3 net loss despite $13.1 million in staking revenue

TON Strategy reported $13.1 million in Q3 revenue from GRAM staking rewards, but swung to a $24 million net loss following an unrealized decline in its treasury value.

The TON logo featuring a white triangular symbol in a blue circle next to the word TON on a black background.
Image: @Cointelegraph

TON Strategy (TONX) generated $13.1 million in third-quarter revenue, fueled predominantly by staking rewards from its treasury of GRAM tokens, according to reports from The Block and Cointelegraph. However, the company posted a net loss of $24 million for the quarter.[1][3][4]

The quarterly loss was heavily driven by a $27.2 million unrealized loss on its GRAM holdings, which sharply reversed an $82.8 million unrealized gain recorded in the previous quarter. The earnings release coincided with Telegram launching its native Gram Wallet. Alongside its quarterly results, TON Strategy also conducted $5.7 million in share buybacks.[1][2][3][4]

By the end of the quarter, TON Strategy held roughly 235.1 million GRAM with an estimated value of $348.5 million. Of that total, the firm had deployed 232.9 million GRAM into staking, producing an annualized gross yield of approximately 16%.[1][2]

Key facts

  • TON Strategy generated $13.1 million in Q3 revenue, primarily from GRAM staking rewards.
  • The company posted a Q3 net loss of $24 million.
  • The net loss included a $27.2 million unrealized loss on GRAM holdings, reversing an $82.8 million unrealized gain from the prior quarter.
  • TON Strategy held approximately 235.1 million GRAM valued at $348.5 million at the end of Q3.
  • The company deployed 232.9 million GRAM into staking at an annualized gross yield of roughly 16%.
  • TON Strategy executed $5.7 million in share buybacks during the quarter.

Sources 路 4 sources

  1. TB

    The Block@TheBlockCoPost on X 路

    THE BLOCK: TON Strategy $TONX reported $13.1 million in Q3 revenue, primarily from staking rewards on its GRAM treasury. It posted a $24 million net loss, including a $27.2 million unrealized loss on its GRAM holdings, reversing an $82.8 million unrealized gain in the prior quarter. The company held approximately 235.1 million the-open-network:native worth $348.5 million at quarter-end, with 232.9 million GRAM deployed in staking and generating an annualized gross yield of approximately 16%.

    Open source
  2. BL

    BlockNews@blocknewsdotcomPost on X 路

    馃毃 JUST IN: TON Strategy $TONX reports $13.1 MILLION in Q3 revenue, primarily driven by staking rewards from its the-open-network:native treasury. The company posted a $24 MILLION net loss, including $27.2 MILLION in unrealized losses on its GRAM holdings. TON Strategy holds approximately 235.1 MILLION the-open-network:native worth $348.5 MILLION, with 232.9 MILLION tokens staked at an annualized gross yield of roughly 16%.

    Open source
  3. TB

    The BlockArticle 路

    TON Strategy earns $13.1 million from GRAM staking in Q3 as Telegram rolls out native wallet TON Strategy reported $13.1M in Q3 revenue, mostly from GRAM staking, and a $24M net loss as Telegram rolled out its native Gram Wallet.

    Open source
  4. CO

    Cointelegraph@CointelegraphPost on X 路

    馃毃 BIG: TON Strategy reported $13.1 million in Q3 revenue, primarily from GRAM staking, alongside a $24 million net loss and $5.7 million in share buybacks. https://t.co/igzUFezNZm

    Open source