TON Strategy generated $13.1 million in third-quarter revenue as staking rewards strengthened its treasury operations. The company benefited from holding and staking GRAM while Telegram advanced its native wallet rollout. The development could expand everyday cryptocurrency use across Telegram’s extensive user base.
Additionally, TON Strategy reported approximately 235.1 million GRAM holdings on September 30. About 232.9 million tokens remained deployed in staking, generating an annualized gross yield of 16%.
Telegram Wallet Expansion Strengthens TON Adoption
Telegram began a limited rollout of its native Gram Wallet on August 31. The wallet allows users to send GRAM directly to their Telegram contacts. Moreover, two network upgrades improved infrastructure supporting this expansion.
Config -123 introduced shared smart contract architecture, allowing wallet improvements without requiring address migration. Meanwhile, Config 30 targeted a potential 30% increase in network throughput. Consequently, TON could accommodate greater transaction activity as adoption grows.
TON Strategy Records Mixed Financial Results
TON Strategy recorded $12.4 million in gross profit, representing 95% of revenue. Operating expenses fell 39% to $8.4 million from the previous quarter. Hence, operating income reached $4 million.
However, the company recorded a $22.9 million pretax loss from continuing operations. A $27.2 million unrealized loss on GRAM holdings contributed significantly.
Additionally, its digital assets declined in value to $348.5 million from $369.5 million. The company ended September with $25.3 million in cash and restricted cash, without debt.
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