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About TON Strategy
TON Strategy is a listed digital asset treasury that has swapped its entire balance sheet for Toncoin. Formerly Verb Technology, it trades on Nasdaq as TONX. Nearly all of its holdings sit with validators: in the first quarter of 2026 it held roughly 221.9 million TON, about 4.29% of supply, with the staked portion equal to 26.18% of the network total and a fair value near 272 million dollars. Staking revenue for the quarter was about 3 million dollars.
The economics come from validator rewards and network inflation rather than a share of transaction fees, so cash flow tracks the TON staking yield. TON was renamed Gram on 8 June 2026 and the treasury now books GRAM; the Catchain 2.0 consensus shipped in the same window and cut block times from about 2.5 seconds to 400 milliseconds, packing more validation rounds into each unit of time. Second-quarter holdings reached about 230.5 million Gram with 15 million dollars of staking revenue. The legacy live-commerce and LyveCom businesses have been largely wound down, leaving a single-asset holding and staking operation.
TON Strategy Company (TONX)'s latest report is its Q2 FY2026 report (quarter ended June 30, 2026): revenue of US$15.019 million, net income of US$83.533 million, EPS of US$1.31, operating income of US$0.48 million, gross margin 94.9%, operating cash flow of -US$7.07 million, total assets of US$403.55 million, holdings of about 230.5 million Gram (about 229.9 million staked, with digital assets at fair value of about US$369.5 million), active users --. The company operates Gram staking and treasury operations around the TON ecosystem, transitioning from interactive-video social commerce (Verb Technology). Revenue rose from US$3.0 million in Q1 to US$15.019 million, with net income including about US$82.8 million of Gram fair-value changes. Management stated it has simplified operations around the TON ecosystem, improved Gram treasury productivity, and is exiting legacy operations to remove about US$4.0 million of annual cash operating costs. Key risks are Gram price volatility, TON-ecosystem dependence, and legacy-business wind-down.