Ton Strategy posts $24M Q3 net loss as GRAM decline weighs

Ton Strategy posted a $24 million net loss in the third quarter, according to The Block. The company recorded $27.2 million in unrealized losses on GRAM, formerly TON, and currently holds 235.1 million GRAM worth $348.5 million. In the previous quarter, Ton Strategy recorded $82.8 million in unrealized gains on GRAM.