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TON Strategy Co Chief Executive Officer Kevin Mark Wilson reported open-market purchases of the company’s common stock. On August 13, 2026, he purchased 3,700 shares at $2.7550 per share. On August 14, 2026, he purchased 1,700 shares at $2.6763 per share and 1,900 shares at $2.6653 per share, all reported as direct ownership.
TON Strategy Company reported a sharp transition into a Gram-focused digital asset treasury model for the quarter ended June 30, 2026. Revenue from staking rewards reached about $15.0 million for the quarter and $18.0 million for the first half of 2026, compared with no such revenue a year earlier. A large swing in other income, mainly from digital asset-related items, drove net income attributable to common shareholders to about $76.8 million for the quarter, versus a net loss of roughly $2.5 million in the prior-year quarter.
Digital asset holdings are now central to the balance sheet, with $369.5 million of Gram at fair value as of June 30, 2026, of which $111.3 million is unrestricted and $258.2 million restricted. The company had 230.5 million Gram units outstanding and 229.9 million units staked, making staking rewards a primary economic driver, while cash and cash equivalents declined to about $28.8 million from $39.5 million at year-end 2025. Continuing operations used approximately $10.6 million of operating cash in the first half of 2026.
Legacy digital media businesses are being exited and are presented as discontinued operations, generating a loss of about $7.0 million in the quarter and $6.6 million year-to-date, including a $5.2 million goodwill impairment tied to this wind-down. The company discloses significant exposure to Gram price movements, TON network performance, and evolving regulation, alongside use of long-dated advisory and custody arrangements and ongoing legal proceedings.
TON Strategy Company reported strong second-quarter 2026 results driven by its Gram digital asset treasury and staking strategy. For the three months ended June 30, 2026, total revenue was $15.0 million, up from $3.0 million in the first quarter, primarily from higher staking rewards. Gross profit was $14.3 million, or 95% of revenue.
Operating income from continuing operations was $0.5 million despite a one-time $5.5 million noncash accelerated stock-compensation charge and approximately $2.9 million of noncash expense tied to the Kingsway advisory agreement. Net income from continuing operations before income taxes was $83.5 million, including an $82.8 million net gain from changes in the fair value of Gram holdings. Net income attributable to common shareholders was $76.8 million, or $1.31 per diluted share, compared with a net loss of $2.5 million a year earlier.
Digital assets had a fair value of $369.5 million at June 30, 2026, and the company held about 230.5 million units of Gram, with no debt and $29.0 million in cash and restricted cash. Management also executed actions expected to remove approximately $4.0 million of inherited annual cash operating costs while winding down legacy operations classified as discontinued.
TON Strategy Company reported that on August 10, 2026 it terminated its Advisory Services Agreement with Kingsway Capital Partners Limited, originally dated August 7, 2025. The agreement had provided for an annual advisory fee equal to 2.0% of the company’s market capitalization, calculated on a fully diluted, as-converted basis and paid monthly in arrears.
The company stopped making monthly payments to Kingsway in March 2026, with the last payment made on March 18, 2026, and has now ended the agreement without a negotiated settlement after prior board authorization to seek one. Both parties have reserved all rights, and the company states it cannot estimate the financial impact of the termination but does not expect it to affect its TON treasury strategy or day-to-day operations. Kingsway is controlled by Executive Chairman Manuel Stotz and is a significant stockholder.
Highfield Tucker Montana reported acquisition or exercise transactions in this Form 4 filing.
TON Strategy Co director Highfield Tucker Montana received a grant of 70,000 shares of common stock in the form of restricted stock units on July 21, 2026. The RSUs were granted under the TON Strategy Company 2026 Equity Incentive Plan and will vest on August 7, 2026, resulting in direct ownership of 70,000 shares.
Wilson Kevin Mark reported acquisition or exercise transactions in this Form 4 filing.
TON Strategy Co Chief Executive Officer Kevin Mark Wilson received a grant of 1,137,500 restricted stock units of common stock at no cash cost under the 2026 Equity Incentive Plan and his Employment Agreement. 25% vest on May 4, 2027, with the remainder vesting in equal monthly installments thereafter, contingent on continued employment, bringing his holdings to 1,145,520 shares.
Cary Nicolas Claude reported acquisition or exercise transactions in this Form 4 filing.
TON Strategy Co director Cary Nicolas Claude received an equity award of 72,500 restricted stock units, reported as common stock, on July 21, 2026. The RSUs were granted under the TON Strategy Company 2026 Equity Incentive Plan at a reported price of $0.0000 per share and are scheduled to vest on August 7, 2026, leaving Claude with 72,500 shares/units reported as directly owned.
Marbach Mary reported acquisition or exercise transactions in this Form 4 filing.
TON Strategy Co reported that its General Counsel and Corporate Secretary, Mary Marbach, received a grant of 312,500 restricted stock units under the TON Strategy Company 2026 Equity Incentive Plan. Twenty-five percent vest on September 29, 2026, with the remainder vesting in equal monthly installments of one thirty-sixth of the balance, contingent on continued employment.
Olsen Sarah Josephine reported acquisition or exercise transactions in this Form 4 filing.
TON Strategy Co granted equity awards to its CFO & COO, Sarah Josephine Olsen. She received 1,302,500 restricted stock units and an additional 218,000 RSUs on July 21, 2026 under the 2026 Equity Incentive Plan. For the larger grant, 25% vests on August 7, 2026 and one thirty-sixth of the remaining RSUs vests on each monthly anniversary thereafter, subject to continued employment. The second grant vests in full on August 7, 2026.
TON Strategy Co director Evan Sohn reported an acquisition of 70,000 shares of common stock on July 21, 2026, reflecting a grant of restricted stock units (RSUs) under the TON Strategy Company 2026 Equity Incentive Plan.
The RSUs will vest on August 7, 2026. Following this award, Sohn’s directly held common stock position reported in the filing is 75,399 shares. The filing indicates the transaction was not made pursuant to a Rule 10b5-1 trading plan.