TON Strategy (NASDAQ: TONX) reported Q3 2026 total revenue of $13.1 million, primarily driven by GRAM staking rewards, down from $15 million in Q2 due to a lower GRAM price. The company posted a net loss of approximately $24 million for the quarter, largely attributed to a $27.2 million unrealized fair value loss on its GRAM holdings. As of September 30, TON Strategy held about 235.1 million GRAM tokens, with roughly 232.9 million staked at an annualized yield of approximately 16%. The fair value of its digital assets stood at about $348.5 million. During Q3, the company also repurchased approximately 1.8 million shares for around $5.7 million.