TON Strategy Reports Q3 Revenue of $13.1 Million, Net Loss of $24 Million

TON Strategy Company (TONX) has released its financial report for the third quarter of 2026, reporting revenue of $13.1 million, primarily from GRAM staking rewards, down from $15 million in the second quarter. As of the end of the quarter, the company held approximately 235.1 million GRAM, valued at $348.5 million, of which 232.9 million were staked, yielding an annualized gross yield of about 16%. During the same period, the company repurchased $5.7 million in stock and supported the TON network upgrade while launching the native Gram Wallet on Telegram. The report shows that TON Strategy incurred a net loss of $24 million for the quarter, including an unrealized loss of $27.2 million on its GRAM holdings, compared to an unrealized gain of $82.8 million in the previous quarter. The company stated that it has made progress in cost structure efficiency after ending the inherited business from VERB. CEO Kevin Wilson noted that GRAM has been integrated into several existing services on Telegram, supporting on-chain ownership and transfer of Telegram usernames and gifts. The expansion of access to the native wallet is expected to make GRAM more convenient for payments and transfers, providing more opportunities for consumer-grade applications based on TON. TON Strategy was formerly known as Verb Technology Company, which raised approximately $560 million in August 2025 and transformed into the treasury company for The Open Network's native token. Telegram founder Pavel Durov stated that over 700,000 self-custody wallets were created on Telegram in the past 48 hours. TONX's stock price rose 2.4% on Tuesday, with a year-to-date increase of nearly 25%.

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