TON Strategy reports Q3 revenue of $13.1 million and net loss of about $24 million

November 11: According to a TON Strategy announcement, the Nasdaq-listed company (TONX) reported total Q3 revenue of $13.1 million, mainly from GRAM staking rewards; Q2 revenue was $15 million, with the quarter-on-quarter decline mainly due to a lower GRAM price. Affected by a $27.2 million unrealized loss on the fair value of its GRAM holdings, the company posted a Q3 net loss of about $24 million. As of September 30, the company held about 235.1 million GRAM, of which about 232.9 million was staked; the fair value of its digital assets was about $348.5 million, and the annualized staking yield was about 16%. The company also repurchased about 1.8 million shares for about $5.7 million in Q3.