TON Strategy Company generated total revenue of $12.8 million in 2025, compared with $0.9 million in 2024, including $4.0 million from staking activities. The company reported a gross profit of $7.6 million and a net loss before taxes of $148.6 million, driven by $114.2 million in realized and unrealized fair value changes on Toncoin holdings.

As of December 31, 2025, the company held approximately 219.7 million units of Toncoin, all of which were staked and carried a fair value of $356.8 million. During the year, staking operations launched in August produced 2,185,286 Toncoin units in rewards, and cash plus restricted cash totaled $39.7 million at year end.

TON Strategy deployed institutional custody and segregated validator infrastructure to support its treasury strategy and launched an analytics dashboard for transparent access to treasury and market metrics. The company is conducting a formal search for a permanent CEO, with Veronika Kapustina serving as interim Chief Executive Officer during the transition.