#TONStrategyReports$23.97MQ3NetLoss
🧮 $745M Cost Basis, $268M Value: TON Strategy's Q3 Reality
TON Strategy (TONX) earned real staking income in Q3, but a falling GRAM price turned it into a $23.97M net loss.
📉 $27.2M unrealized loss on GRAM holdings drove the quarter
🏦 235.1M GRAM held Sept 30: $348M fair value vs $745M cost
📊 $13.07M staking revenue, $4.0M operating income
⚠️ Value fell to ~$268M by Nov 11; 2M GRAM sold Oct 1-Nov 12
Zoom out: the business runs in the black; the treasury mark is what bleeds.
Does GRAM reclaim $1.50 or slip under $1 by year-end? 👇
$GRAM
#TONStrategyReports$23.97MQ3NetLoss #CryptoTreasury #GRAM
🧮 $745M Cost Basis, $268M Value: TON Strategy's Q3 Reality
TON Strategy (TONX) earned real staking income in Q3, but a falling GRAM price turned it into a $23.97M net loss.
📉 $27.2M unrealized loss on GRAM holdings drove the quarter
🏦 235.1M GRAM held Sept 30: $348M fair value vs $745M cost
📊 $13.07M staking revenue, $4.0M operating income
⚠️ Value fell to ~$268M by Nov 11; 2M GRAM sold Oct 1-Nov 12
Zoom out: the business runs in the black; the treasury mark is what bleeds.
Does GRAM reclaim $1.50 or slip under $1 by year-end? 👇
$GRAM
#TONStrategyReports$23.97MQ3NetLoss #CryptoTreasury #GRAM
