GRAM reserve company TON Strategy reports third-quarter revenue of $13.1 million

TON Strategy, a GRAM treasury company, reported $13.1 million in third-quarter revenue, down from $15 million in the prior quarter, driven mainly by GRAM staking rewards. The company posted a $24 million net loss, including a $27.2 million unrealized loss on its GRAM holdings. As of quarter-end it held about 235.1 million GRAM tokens worth $348.5 million, with 232.9 million staked at roughly 16% annualized yield, and repurchased $5.7 million of its own shares. The results highlight how staking income is being offset by mark-to-market losses on the underlying token, making the treasury model sensitive to GRAM price swings. Watch whether TON Strategy sustains its staking yield and buyback pace, and how GRAM's price movement affects future unrealized gains or losses.