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TON Strategy earned $15M staking revenue in Q2 2026 but used $10.6M cash in H1, driven by token value gains.

Protocol Fundamentals
12 Aug 2026
Blockonomi
View Source
Neutral
TON Strategy earned $15M staking revenue in Q2 2026 but used $10.6M cash in H1, driven by token value gains.

TON Strategy reported over $15 million in staking revenue in Q2 2026 from its Gram tokens, achieving a 17% annualized gross staking yield. Despite this, the company burned $10.6 million in cash during the first half of the year. Most of its $83.5 million pre-tax profit came from an $82.8 million fair value gain on digital assets, not cash operations. The company holds 230.5 million Gram tokens, with nearly all staked, representing about 4.4% of total supply and 35% of staked tokens. A blockchain upgrade accelerated block production, boosting staking rewards. While the company is debt-free, staking rewards have yet to cover operating expenses, requiring Gram’s value stability and reduced cash use to improve financial health.

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