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TON Strategy reports staking yield gains, but cash burn continues
In the first half of 2026, the company used $10.6 million in operating cash even as it recognized over $15 million in staking revenue from Gram token receipts.
TON Strategy said its second quarter included a 17% annualized gross staking yield, after it received 9,438,177 Gram, the TON blockchain token formerly known as Toncoin, and recognized more than $15 million of staking revenue.
Despite that staking-related income, the company reported $83.5 million in pre-tax income from continuing operations, driven primarily by an $82.8 million net fair value gain on its digital assets. Operating income from continuing operations was $479,000, according to its SEC-filed disclosures.
CryptoSlate reports that for the first half of 2026, continuing operations used $10.6 million of operating cash, and its SEC filing showed operating cash needs were not fully covered by staking over the verified period.
TON Strategy ended June with nearly $29 million of cash and restricted cash and said it has no debt. The filing also linked the increase in rewards to Catchain 2.0, which reduced TON mainnet block intervals from about 2.5 seconds to roughly 400 milliseconds, increasing blocks per second by about 6.25 times.