TON Strategy earned $13.1 million from staking in Q3, but a GRAM price drop pushed it to a $24 million loss.

• Q3 revenue was $13.1 million, down from $15.0 million as GRAM prices fell
• A $27.2 million unrealized GRAM loss drove a $24.0 million net loss
• Operating expenses fell 39% to $8.4 million, lifting operating income to $4.0 million

Why it matters: Token treasury firms earn staking yield, but price swings still drive their bottom line.
Source: TON Strategy Company
Not financial advice.

💬 Is staking income enough to steady crypto treasury companies through price drops?

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