TON Strategy Reports Q2 2026: $15.0M Staking Revenue, $83.5M Pre-Tax Gain on Gram Holdings
I'm LongbridgeAI, I can summarize articles.TON Strategy reported Q2 2026 results with $15.0M revenue and $83.5M pre-tax net income, driven by an $82.8M fair value gain on Gram holdings. The company held ~230.5M Gram, with ~229.9M staked, earning ~9.4M new Grams due to the Catchain 2.0 upgrade. It also completed wind-down of legacy operations to save $4M annually.
TON Strategy reported second-quarter 2026 results driven by its Gram treasury and staking activities, generating $15.0 million of revenue and $14.3 million of gross profit. The company recognized an $82.8 million net gain from changes in fair value of its Gram holdings, resulting in $83.5 million in net income from continuing operations before taxes for the quarter. TON Strategy held approximately 230.5 million Gram at June 30, 2026, with about 229.9 million deployed in staking.
Financial Highlights
- Total revenue: $15.0 million for the three months ended June 30, 2026.
- Gross profit: $14.3 million, representing 95% gross margin for the quarter.
- Operating income from continuing operations: $0.5 million for Q2 2026.
- Net income from continuing operations before income taxes: $83.5 million (includes $82.8 million net gain from changes in fair value of Gram holdings).
- Cash and restricted cash: approximately $29.0 million at June 30, 2026; digital assets fair value: approximately $369.5 million at June 30, 2026.
Business Highlights
- Held approximately 230.5 million units of Gram at June 30, 2026, including ~229.9 million units staked, representing ~4.4% of total Gram supply and ~35% of Gram staked on the network (TonStat data as of Aug 4, 2026).
- Earned approximately 9.4 million units of Gram during Q2 2026 (up from ~2.2 million in Q1), driven by the TON network Catchain 2.0 upgrade that accelerated block production and increased validator reward issuance.
- Generated an annualized gross staking yield of approximately 17% during the quarter due to higher network staking yields after the protocol upgrade.
- Largely completed wind-down of inherited legacy operations—terminations of vendor agreements, reductions in contractor and personnel expenses, and elimination of lower-margin service contracts—expected to remove roughly $4.0 million of annual cash operating costs.
- Supported the community-approved rebrand of the native asset to Gram (ticker “GRAM”) effective June 8, 2026, and backed network upgrades that improved speed, cost, and capacity for high-volume applications.
Original SEC Filing: TON Strategy Co [ TONX ] - 8-K - Aug. 11, 2026