Ton Strategy Q2 revenue surges on higher Gram staking rewards

Overview

• Digital asset treasury's Q2 revenue rose sharply, driven by higher Gram staking rewards

• Company posted Q2 net profit, boosted by fair value gains on Gram holdings

• Company completed actions to discontinue legacy operations, cutting $4 mln in annual costs

Outlook

• Company says it will focus resources on the TON ecosystem after winding down legacy operations

• TON Strategy plans to evaluate Gram position, liquidity, and investments to increase long-term value per share

• Company says TON network upgrades and Telegram integration may strengthen Gram’s role and utility

Result Drivers

• NETWORK UPGRADE - TON network's Catchain 2.0 upgrade increased block production speed, boosting staking rewards and yields

• FAIR VALUE GAINS - Net gain from higher market value of Gram holdings contributed to Q2 net income

• COST REDUCTION - Discontinuation of legacy operations expected to cut $4 mln in annual cash operating costs

Company press release: ID:nGNX1mQSZY

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)