Nasdaq-listed TON Strategy Company (TONX) announced $13.1 million in revenue for the third quarter, largely driven by staking yields from its GRAM reserve, down from $15 million in the preceding quarter.
At the close of the quarter, the enterprise possessed roughly 235.1 million GRAM (previously known as Toncoin) valued at $348.5 million, with 232.9 million GRAM actively staked to yield an annualized gross return of nearly 16%.
Additionally, the business bought back $5.7 million worth of its own stock and backed network enhancements as Telegram initiated the rollout of its built-in Gram Wallet.
TON Strategy recorded a net loss of $24 million, which encompassed a $27.2 million paper loss on its GRAM portfolio, contrasting with an $82.8 million paper gain seen in the previous quarter. The organization noted that it advanced toward a leaner expense framework following the closure of legacy VERB activities.
“GRAM is incorporated into multiple current Telegram features, such as ad settlements and creator payouts, while TON powers the decentralized ownership and exchange of Telegram user handles and digital gifts,” stated CEO Kevin Wilson in a statement. “We anticipate that broader built-in wallet availability will simplify GRAM usage for transactions and remittances, simultaneously unlocking fresh potential for consumer-facing apps developed on TON.”
Through an investment spearheaded by Kingsway Capital, the previously named Verb Technology Company secured roughly $560 million in August 2025 to transform into a reserve holding firm for The Open Network‘s primary asset.
Earlier in the year, TON was rebranded as Gram, bringing back the original nomenclature introduced in Telegram’s white paper.
“Over 700,000 self-hosted wallets generated on Telegram within the past 48 hours alone. Growth is spreading organically: a wallet becomes active the instant an individual acquires Grams. The digital currency movement remains robust,” shared Telegram founder and chief executive Pavel Durov via X on Monday.
Equities of TONX advanced 2.4% during Tuesday trading, lifting their total appreciation for the year to approximately 25%.
Originally published at https://www.theblock.co/news/markets/2026-11-10-ton-strategy-tonx-q3-2026-earnings-gram-staking-437278.
