TonStrategy earned $5.6M in TON staking rewards in May

Nasdaq-listed TonStrategy (TONX), a strategic investor in Telegram's TON, announced on June 8 that it earned 3.3 million TON, worth approximately $5.6 million, in staking rewards last month. According to The Block, TonStrategy's annualized staking yield for May was 1.48%, an increase of 0.09 percentage points from the previous month. As of the end of May, the company reportedly held 227.5 million TON, with 226.8 million of that amount staked.