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TON Strategy stakes 230M Gram tokens but burns $10.6M cash in H1 2026 despite $15M Q2 staking revenue

Protocol Fundamentals
12 Aug 2026
The Currency Analytics
View Source
Bearish
pluang ai news

TON Strategy staked 229.9 million Gram tokens, earning $15 million in staking revenue in Q2 2026 with a 17% annualized yield. However, the company burned $10.6 million in operating cash in the first half of 2026, as most revenue is non-cash token rewards that don't fully cover expenses. TON Strategy controls about 35% of all staked Gram tokens, giving it significant influence over the network but also exposing it to market price risks. The company has nearly $29 million in cash, but its future profitability depends heavily on Gram token price and network conditions.

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