Despite $13.065 million in revenue, Tone Strategy posts a $23.975 million loss
Original headline1306만5000달러 매출에도 톤 스트래티지 2397만5000달러 적자
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TON Strategy Company ($TONX) reported $13.065 million in third-quarter 2026 revenue from GRAM staking but a $23.975 million net loss, as mark-to-market writedowns on its GRAM holdings exceeded revenue. Revenue fell from $15 million in the second quarter even though staking rewards of roughly 9.4 million GRAM were flat quarter over quarter, with the company attributing the dollar-denominated decline to a lower GRAM price. The company books staking rewards as revenue at fair value when earned, so reported sales do not reflect cash actually realized from token sales. The result highlights how token-price exposure can swamp operating income for staking-based treasury models. Next, watch GRAM's price and any changes in the company's staking reward levels or treasury valuation policy.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
TON Strategy Company, GRAM