TON Strategy generated $13.1 million in third-quarter revenue, with staking rewards bolstering its treasury operations. The company benefited from holding and staking $GRAM as Telegram moved forward with the rollout of its native wallet. This development could broaden everyday cryptocurrency use among Telegram’s extensive user base.

TON Strategy also reported holdings of approximately 235.1 million $GRAM as of September 30. About 232.9 million tokens remained staked, generating an annualized gross yield of 16%.

Telegram Wallet Expansion Strengthens TON Adoption

Telegram started a limited rollout of its native Gram Wallet on August 31. The wallet lets users send $GRAM directly to their Telegram contacts. Two network upgrades also enhanced the infrastructure supporting this expansion.

Config -123 introduced a shared smart contract architecture, enabling wallet improvements without requiring users to migrate addresses. Config 30, meanwhile, aimed for a potential 30% increase in network throughput. As adoption grows, TON could therefore handle more transaction activity.

TON Strategy Records Mixed Financial Results

TON Strategy reported $12.4 million in gross profit, equal to 95% of revenue. Operating expenses dropped 39% from the previous quarter to $8.4 million, bringing operating income to $4 million.

The company nevertheless recorded a $22.9 million pretax loss from continuing operations, driven in significant part by a $27.2 million unrealized loss on its $GRAM holdings.

The value of its digital assets also fell to $348.5 million from $369.5 million. At the end of September, the company had $25.3 million in cash and restricted cash and no debt.

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Source: coinedition.com. Adapted by NBTC.