THE BLOCK: TON Strategy TONX reported $13.1 million in Q3 revenue, primarily from staking rewards on its GRAM treasury. It posted a $24 million net loss, including a $27.2 million unrealized loss on its GRAM holdings, reversing an $82.8 million unrealized gain in the prior quarter. The company held approximately 235.1 million the-open-network:native worth $348.5 million at quarter-end, with 232.9 million GRAM deployed in staking and generating an annualized gross yield of approximately 16%.