TON Strategy, a GRAM treasury company, reports Q3 revenue of $13.1 million

According to TechFlow, on November 11, The Block reported that TON Strategy, a GRAM treasury company, posted Q3 revenue of $13.1 million, primarily from GRAM staking rewards, down from $15 million in Q2. The company recorded a net loss of $24 million for the same period, including $27.2 million in unrealized losses on its GRAM holdings.

As of the end of the quarter, the company held approximately 235.1 million GRAM, valued at $348.5 million, of which 232.9 million GRAM were staked, with an annualized total yield of about 16%. The company also repurchased $5.7 million worth of shares.

Source: TechFlow