TON Strategy reports a net loss of $23.97 million in Q3, holding approximately 235 million GRAM

Odaily reports: According to U.S. SEC filings, GRAM treasury company TON Strategy (Nasdaq: TONX) has released its financial results for the third quarter of 2026. As of September 30, the company held 235,126,342 GRAM, with a fair value of approximately $348 million and a cost basis of approximately $745 million, of which about 233 million GRAM were staked.

In the third quarter, the company earned approximately 9.43 million GRAM in staking rewards, with staking revenue of $13.07 million and a quarterly total staking yield of 4.09%. During the same period, the company recorded a $27.23 million loss on the change in fair value of digital assets, with a net loss attributable to the company of $23.97 million, or $0.42 per share, bringing the cumulative net loss for the first three quarters to $38.26 million.

In addition, the company generated $7.56 million from the sale of GRAM in the third quarter and spent $5.74 million to repurchase approximately 1.79 million shares. As of September 30, cash and cash equivalents stood at $25.3 million.

The filings also show that between October 1 and November 12, the company further sold 2 million GRAM for $2.32 million. Based on the price on November 11, the GRAM held as of September 30 had fallen in value to approximately $268 million.