TON Strategy Posts $13.07 Million in Q3 Revenue, Mostly From Gram (GRAM) Rewards

TON Strategy Company (Nasdaq: TONX) generated $13.07 million in third-quarter revenue, primarily from Gram staking rewards, while a $27.2 million unrealized loss on GRAM holdings contributed to a $23.97 million net loss.

The quarter ended Sept. 30. TON Strategy is a digital-asset treasury focused on The Open Network (TON). Revenue was $13.065 million, compared with $15 million in the second quarter and $707,000 in the year-earlier quarter. The company records staking rewards at fair value when earned.

The loss attributable to common shareholders was $0.42 per share: $0.40 per share from continuing operations and $0.02 per share from discontinued operations. Net loss attributable to TON Strategy was $23.968 million. Operating income from continuing operations was $3.977 million, compared with about $500,000 in the prior quarter.