TON Strategy's Q3 Financial Report: Net loss of approximately $23.98 million, holding 235.1 million GRAM tokens at period end.

According to the financial report released by TON Strategy (TONX), the company's third-quarter revenue reached $13.1 million, mainly from GRAM staking rewards, down from $15 million in the second quarter. The company stated that the volume of staking rewards remained basically unchanged quarter-over-quarter, with the revenue decline driven primarily by a drop in GRAM price. In the third quarter, operating profit from TON Strategy's continuing operations rose from around $500,000 in the prior quarter to approximately $4 million, but the fair value of its held GRAM resulted in an unrealized loss of about $27.2 million. The company posted a net loss of roughly $23.98 million for the quarter, compared with a net profit of around $84.72 million in the same period last year. As of September 30, TON Strategy held approximately 235.1 million GRAM tokens, of which about 232.9 million were staked, with the fair value of its digital assets standing at roughly $348.5 million. The company received around 9.4 million GRAM staking rewards in the quarter, with an annualized gross staking yield of approximately 16%, and spent about $5.7 million to repurchase roughly 1.8 million common shares.