TON Strategy Company (TONX), listed on Nasdaq, reported a net loss of $910 million for Q1 2026, primarily due to a significant decline in the fair value of Toncoin. The company held approximately 221.9 million Toncoin, with 221.2 million staked, representing 4.29% of the total supply and 26.18% of the network's staked volume, valued at $272 million at the end of the period. Despite earning 2.2 million Toncoin through staking and recognizing $3 million in staking income, the company faced an unrealized cryptocurrency loss of $879 million. Total revenue for the quarter was $5.3 million, with a gross profit of $4 million. The company ended the period with $35 million in cash and no interest-bearing debt. Following a network upgrade in April, the annualized staking yield for TON temporarily increased to 16.7%.