TON Strategy Earns 3.3M TON in May Staking Rewards Worth $5.6M

Nasdaq-listed TON Strategy generated an estimated 3.3 million TON in May staking rewards — worth roughly $5.6 million — on a staked position of 226.8 million tokens, a preliminary gross yield of about 1.48% versus 1.39% in April. The company, formerly Verb Technology, adopted its TON-focused treasury strategy in August last year and is now one of The Open Network's largest holders and validators.

In a Monday release, management also voiced support for a slate of TON governance proposals that took effect last week. The upgrades target smart-contract execution, block synchronization and increased validation capacity — all framed around higher transaction throughput for consumer applications tied to the Telegram ecosystem. CEO Kevin Wilson called the changes "another important step as TON continues to develop for high-volume consumer applications."

Why it matters

The yield uptick is small in isolation, but it lands against a backdrop of meaningful structural changes at the protocol level. The throughput-oriented upgrades, combined with Telegram CEO Pavel Durov's "Make TON Great Again" overhaul — fee reductions, a rebrand of Toncoin back to Gram, and a larger steward role for Telegram — signal an explicit push to tie TON's tokenomics more tightly to Telegram's billion-plus user base. A Nasdaq-listed vehicle staking on behalf of public-market shareholders gives that push a TradFi rails it previously lacked.

Market impact

TON Strategy shares (TONX) rose roughly 1.3% Monday to $3.15, extending the stock's year-to-date gain to about 31%. Spot TON, by contrast, was trading near $0.172 and has stayed largely flat year-to-date — a divergence that highlights how the company's treasury yield, rather than token-price appreciation, is currently doing the work for shareholders. The watch-item is whether the governance upgrades translate into measurable on-chain activity growth that narrows that gap.

Source: TON Strategy company highlights strong May staking performance and approved TON network upgrades — GlobeNewswire (globenewswire.com)