💎 TON Strategy Earns $13.1 Million in GRAM Staking Revenue in Q3 as Telegram-Native Wallet Rolls Out
Nasdaq-listed TON Strategy (TONX) reported third-quarter revenue of $13.1 million, primarily from staking rewards on its GRAM (formerly Toncoin) reserves, compared with $15 million in the second quarter. At quarter-end, the company held approximately 235.1 million GRAM worth $348.5 million, of which 232.9 million GRAM was staked, generating an annualized gross yield of about 16%. A $27.2 million unrealized loss on its GRAM holdings contributed to a net loss of $24 million for the quarter. The company also repurchased $5.7 million worth of shares. Meanwhile, Telegram began rolling out its native Gram wallet. Durov said that more than 700,000 self-custody wallets had been added in the past 48 hours.
⭐ Telegram’s native wallet could bring a massive influx of users to GRAM, while the performance of crypto treasury companies is increasingly affected by price volatility.
#TON #GRAM #Telegram #TONX #Staking
Nasdaq-listed TON Strategy (TONX) reported third-quarter revenue of $13.1 million, primarily from staking rewards on its GRAM (formerly Toncoin) reserves, compared with $15 million in the second quarter. At quarter-end, the company held approximately 235.1 million GRAM worth $348.5 million, of which 232.9 million GRAM was staked, generating an annualized gross yield of about 16%. A $27.2 million unrealized loss on its GRAM holdings contributed to a net loss of $24 million for the quarter. The company also repurchased $5.7 million worth of shares. Meanwhile, Telegram began rolling out its native Gram wallet. Durov said that more than 700,000 self-custody wallets had been added in the past 48 hours.
⭐ Telegram’s native wallet could bring a massive influx of users to GRAM, while the performance of crypto treasury companies is increasingly affected by price volatility.
#TON #GRAM #Telegram #TONX #Staking
