Deep Tide TechFlow News, Nov. 11: According to The Block, GRAM treasury company TON Strategy reported revenue of $13.1 million in the third quarter, mainly from GRAM staking rewards, down from $15 million in the second quarter. The company posted a net loss of $24 million for the same period, including an unrealized loss of $27.2 million on its GRAM holdings.
At quarter-end, the company held approximately 235.1 million GRAM, worth $348.5 million. Of these, 232.9 million were staked, generating an annualized total yield of approximately 16%. The company also repurchased $5.7 million worth of its shares.
At quarter-end, the company held approximately 235.1 million GRAM, worth $348.5 million. Of these, 232.9 million were staked, generating an annualized total yield of approximately 16%. The company also repurchased $5.7 million worth of its shares.