According to The Block, TON Strategy reported Q3 revenue of $13.1 million, primarily driven by staking rewards from its GRAM holdings, down from $15 million in the second quarter. The company posted a net loss of $24 million for the same period, which included $27.2 million in unrealized losses on its GRAM holdings. Out of approximately 235.1 million GRAM held at the end of the period, around 232.9 million were staked, generating an annualized gross yield of approximately 16%.