TON Strategy Company Reports Second Quarter 2026 Financial Results
Generated $15.0 million of Gram staking revenue
Held approximately 230.5 million Gram at June 30, including approximately 229.9 million Gram deployed in staking
Executed primary actions expected to remove approximately $4.0 million of inherited annual cash operating costs
LAS VEGAS, Aug. 11, 2026 (GLOBE NEWSWIRE) -- TON Strategy Company (“TON Strategy” or the “Company”) (Nasdaq: TONX), a digital asset treasury company dedicated to supporting the TON ecosystem, today reported financial results for the second quarter ended June 30, 2026, and provided an update on recent operational and strategic developments.
Second Quarter and Recent Operational Highlights
Financial Results for the Second Quarter 2026
The Company’s financial results for the first and second quarters of 2026 reflect the operation of its Gram treasury strategy, including staking activities. The results of the Company’s legacy operating businesses are classified separately as discontinued operations.
Total revenue was $15.0 million, compared with $3.0 million during the first quarter of 2026. The sequential increase was driven by higher staking rewards generated by the Company’s Gram treasury.
Gross profit was $14.3 million, or 95% of revenue, compared with $2.8 million, or 95% of revenue, during the first quarter of 2026.
Total costs and expenses were $13.8 million, compared with $6.5 million during the first quarter of 2026. As part of resolving a historical equity plan issue, certain legacy restricted stock units were surrendered during the quarter. Under GAAP, this required the Company to recognize immediately the remaining $5.5 million of unrecognized compensation expense associated with those awards. The $5.5 million charge was noncash, had no effect on the Company’s cash flows or total stockholders’ equity, and is not representative of its ongoing operating cost base. The second quarter also included approximately $2.9 million of noncash expense associated with the one-time set-up fee under the Kingsway advisory agreement, primarily reflecting the write-off of the remaining prepaid asset following the termination of the agreement on August 10, 2026.
Operating income from continuing operations was $0.5 million, compared with an operating loss of $3.7 million as previously reported during the first quarter of 2026. The improvement primarily reflected the increase in high-margin staking revenue, and the Company generated positive operating income despite the $5.5 million accelerated stock compensation charge and the approximately $2.9 million noncash Kingsway-related charge described above.
Net income from continuing operations before income taxes was $83.5 million, compared with a net loss before income taxes of approximately $91.3 million during the first quarter of 2026. The second quarter included an $82.8 million net gain from changes in the fair value of the Company’s Gram holdings, while the first quarter included an approximately $87.9 million net loss.
Digital assets held at June 30, 2026 had a fair value of approximately $369.5 million, compared with approximately $272.0 million at March 31, 2026. The increase reflected Gram earned through staking and the increase in Gram’s market value during the quarter. The Company held approximately 230.5 million units of Gram at June 30, 2026.
Cash and restricted cash totaled approximately $29.0 million at June 30, 2026, compared with approximately $35.0 million at March 31, 2026. The Company had no debt.
Management Commentary
Chief Executive Officer Kevin Wilson stated, “My first three months as CEO reinforced the strength of TON Strategy’s position and the opportunity to build from it. Our Gram treasury produced strong staking rewards during the quarter, and we largely completed the actions required to discontinue our inherited legacy operations. We enter the second half of the year with a more focused business and greater freedom to direct our resources to the TON ecosystem.
“We believe the value of our large Gram position extends beyond the staking yield generated by the Gram we hold today. The internet made information native to the Web, and we believe TON can make assets and economic activity increasingly native to the internet by enabling ownership, payments, and settlement within digital applications. TON is becoming faster, less expensive, and easier to use, as blockchain functionality is integrated into Telegram’s global platform of more than one billion users. These developments strengthen our conviction that TON can become important infrastructure for payments, digital ownership, and over time, AI agents capable of acting and transacting on behalf of users.
“Through our ‘Own, Advance, Compound’ capital allocation framework, we will evaluate our Gram position, liquidity, share repurchases, and potential ecosystem investments based on their ability to increase long-term value per share. We are selectively evaluating initiatives that can strengthen the TON ecosystem, improve market access to Gram, or generate attractive financial returns, prioritizing opportunities where strategic initiatives and shareholder value are mutually reinforcing.”
Conference Call
TON Strategy Company’s management will hold a conference call today (August 11, 2026) at 9:00 a.m. Eastern time to discuss these results.
U.S. dial-in: 1-877-407-0789
International dial-in: 1-201-689-8562
Conference ID: 13761930
The conference call will be broadcast live and available for replay here and via the investor relations section of the Company’s website.
A replay of the call will be available on the investor relations section of the Company’s website after the conference call through August 25, 2026.
Toll-free replay number: 1-844-512-2921
International replay number: 1-412-317-6671
Replay ID: 13761930
About TON Strategy Company
TON Strategy Company (Nasdaq: TONX) is focused on the accumulation of Gram, formerly known as Toncoin – the native cryptocurrency of Telegram’s billion-user platform – for long-term investment, whether acquired through deployment of proceeds from capital raising activity, staking rewards or via open market purchases. The Company aims to steadily expand its Gram holdings, stake Gram, and support the development of a tokenized economy inside Telegram.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical fact contained in this press release should be considered forward-looking statements, including, but not limited to, statements regarding: our business and growth strategy; market adoption; the performance of our Gram treasury and staking activities; our plans regarding liquidity and market access around Gram; return opportunities; and the expected financial and operating benefits of the wind-down of our legacy VERB operations. Without limiting the foregoing, in some cases, you can identify forward-looking statements by terms such as “aim,” “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” or the negative of these terms or other similar expressions, although not all forward-looking statements contain these words.
Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: our incursion of significant net losses and uncertainty whether we will achieve or maintain profitable operations; our ability to grow and compete in the future, and to execute our business strategy; our decision to implement a cryptocurrency treasury strategy, whereby we acquire Gram, the native cryptocurrency of The Open Network (“TON”) blockchain, and our dependence on TON and Gram as a result of this strategy; our financial results and the market price of our common stock may be affected by the price of Gram, and our Gram holdings will be less liquid than cash and cash equivalents; changes in the broader digital asset regulatory landscape and as it relates to TON and Gram and our failure to comply with applicable regulatory requirements and risks related to any actions we may take to prevent or correct such failure; the availability of opportunities to stake Gram; the competitive market in which we operate; our ability to increase the number of our strategic relationships or grow the revenues received from our current strategic relationships; our ability to realize the anticipated cost savings and other benefits from the wind-down of our legacy VERB operations and to manage any remaining contractual, legal, administrative or other obligations associated with those operations; our ability to deliver our services, as we depend on third-party providers; our ability to attract and retain qualified management personnel; our susceptibility to cybersecurity incidents and other disruptions, particularly as it relates to our holdings of Gram; our ability to maintain compliance with the listing requirements of the Nasdaq Capital Market; the impact of, and our ability to operate our business and effectively manage our growth under evolving and uncertain global economic, political, and social trends, including legislation banning or otherwise hampering the digital asset landscape, inflation, rising interest rates, and recessionary concerns; and other important factors discussed in the section entitled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as any such factors may be updated from time to time in our other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov and our Investor Relations page on our website at www.tonstrat.com/shareholders.
Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. The forward-looking statements in this press release are based on information available to us as of the date hereof, and we disclaim any obligation to update any forward-looking statements, except as required by law. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.
Investor Relations and Media Contact:
Gateway Group, Inc.
949-574-3860
TONX@gateway-grp.com
-Financial Tables to Follow-