[TON Strategy Reports Q3 Net Loss of $23.97 Million, Holding Approximately 235 Million GRAM] According to a filing with the U.S. Securities and Exchange Commission (SEC), GRAM treasury company TON Strategy (Nasdaq: TONX) released its Q3 2026 financial results. As of September 30, the company held 235,126,342 GRAM tokens with a fair value of approximately $348 million and a cost basis of approximately $745 million, of which approximately 233 million tokens were pledged. In the third quarter, the company received approximately 9.43 million GRAM staking rewards, generating $13.07 million in staking income, resulting in a quarterly total staking yield of 4.09%. During the same period, the company recorded a net loss of $27.23 million from changes in the fair value of digital assets, resulting in a net loss attributable to the company of $23.97 million, or $0.42 per share. The cumulative net loss for the first three quarters was $38.26 million. (Odaily Planet Daily) In addition, the company received $7.56 million from the sale of GRAM in the third quarter and spent $5.74 million to repurchase approximately 1.79 million shares. As of September 30, cash and cash equivalents amounted to $25.3 million. The filing also shows that between October 1 and November 12, the company further sold 2 million GRAM units, receiving $2.32 million. Based on November 11 prices, the value of its GRAM holdings as of September 30 had decreased to approximately $268 million.