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BTC $79,253.06 -2.85%
ETH $2,227.57 -3.51%
BNB $673.53 -1.34%
XRP $1.44 -5.71%
SOL $89.71 -3.75%
TRX $0.3519 -0.66%
DOGE $0.1131 -3.77%
ADA $0.2616 -5.11%
BCH $426.69 -2.55%
LINK $10.09 -5.52%
HYPE $44.34 +0.40%
AAVE $93.62 -6.71%
SUI $1.10 -9.60%
XLM $0.1553 -6.65%
ZEC $523.25 -1.62%

ton

TON Strategy announced Q1 financial report: Pre-tax net loss reached 91 million USD, holding over 220 million TON

TON Strategy Company (Nasdaq: TONX) announced its Q1 2026 financial report, stating that the company currently holds approximately 221.9 million Toncoin, which accounts for about 4.29% of the total TON supply according to Tonstat data, with approximately 221.2 million already used for staking.The company indicated that its staking infrastructure currently accounts for about 26.18% of the total staking scale on the TON network. As of March 31, 2026, the fair value of the company's TON holdings was approximately $27.2 million. The financial report showed that the company earned about 2.2 million TON through staking in Q1, generating approximately $3 million in staking revenue; total revenue was $5.3 million, with a gross profit of about $4 million.However, due to the volatility of the TON coin price, the company recorded an unrealized loss of approximately $87.9 million in cryptocurrency assets for the quarter, with a pre-tax net loss of $91 million. As of the end of Q1, the company held approximately $35 million in cash and restricted cash, with no debt on the balance sheet.TON Strategy also stated that after the TON network completed a significant performance upgrade in April 2026, the network's staking yield increased from 0.34% in March to 1.39% in April, annualized to approximately 16.7%.In addition, the company mentioned that as Telegram continues to promote the development of the TON ecosystem and the overall market strengthens, as of May 6, 2026, the fair value of its 221.9 million TON holdings has risen to approximately $433.3 million.New CEO Kevin Wilson stated that the company's goal is to become "the core platform providing transparent TON exposure for institutional investors in the U.S. public market," emphasizing the long-term potential of TON in Telegram, payments, development tools, and AI Agent scenarios.
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