Key Takeaways:
TON Strategy Co. (Nasdaq: TONX) earned about 3.3 million TON in staking rewards during May, worth approximately $5.6 million at current prices, as the digital asset treasury company staked nearly all of its 226.8 million TON holdings on The Open Network.
"These network upgrades represent another important step as TON continues to develop for high-volume consumer applications tied to the Telegram ecosystem," Kevin Wilson, chief executive officer of TON Strategy, said. "By improving the way validators process and communicate activity, TON is continuing to make the network faster, more reliable and more usable as activity grows."
The company's May gross staking yield reached 1.48%, up from 1.39% in April, representing an annualized rate of about 17.80% compared with 16.7% the prior month. TON Strategy held 227.5 million TON as of May 31, with 226.8 million — or more than 99.7% — actively staked, according to the company's preliminary results released June 8.
The staking results coincided with a set of TON network upgrades that took effect June 4, which the company said it voted to support as a major validator. The changes include TVM 14, which improves smart contract execution predictability; faster block propagation between validators; increased data throughput for higher transaction volumes; and new spam and overload protections. The upgrades are not expected to affect validation rewards, the company said.
Staking yield trends and institutional commitment
The month-over-month yield increase, while modest, signals consistent network activity and validator performance on TON, which uses a proof-of-stake consensus mechanism. For a publicly traded company, staking rewards represent a recurring revenue stream that can be reported to shareholders with relative predictability. TON Strategy's decision to stake nearly its entire treasury rather than trade or liquidate reflects a long-term conviction in the TON ecosystem, according to the company.
The upgrades follow earlier improvements in April 2026 that reduced block times and transaction costs, as well as the Acton developer tooling initiative aimed at simplifying application deployment on TON. Together, these developments are designed to prepare the network for high-volume use cases, including agentic AI applications within Telegram's ecosystem of more than 1 billion users.
Market context
TON traded at about $1.75 at press time, up 2.08% on the day after recovering from an intraday low below $1.60. The token remains down more than 20% over the past week amid broader market pressure that pushed Bitcoin briefly below $60,000. Daily trading volume stood at about $226 million, with a market capitalization of approximately $4.67 billion.
The company, which rebranded from Verb Technology in August 2025 to focus on accumulating TON as a long-term treasury asset, continues to operate legacy businesses including MARKET.live, a multi-vendor livestream shopping platform, and LyveCom, an AI-powered social commerce platform.
This article is for informational purposes only and does not constitute investment advice.
