TON Strategy reported a 17% annualized gross staking yield for the second quarter, but its new filing also revealed a mismatch between token-denominated income and operating cash flows. The company recognized over $15 million of staking revenue after receiving 9,438,177 Gram, the TON blockchain’s native token formerly known as Toncoin. Yet its $83.5 million in pre-tax income from continuing operations was driven by an $82.8 million net fair value gain on its digital assets. Operating income from continuing operations was $479,000.
Source: CryptoSlate
