Nasdaq-Listed TON Strategy Earns $5.6 Million in TON Staking Rewards in May
Summary
- TON Strategy said it received about 3.3 million TON in staking rewards in May, generating about $5.6 million in income.
- It said TON staking yield in May was 1.48%% on an annualized basis, up 0.09 percentage point from the previous month.
- As of the end of May, TON Strategy held 227.5 million TON, of which 226.8 million TON was being used for staking.
Forecast Trend Report by Period
Nasdaq-listed TON Strategy, an investor in Telegram-linked blockchain TON, said it received about $5.6 million in TON staking rewards last month.
The Block reported on June 8 that the company announced through its official channel that it received about 3.3 million TON in staking rewards during May.
The company said the rewards were worth about $5.6 million.
TON staking yield in May was 1.48% on an annualized basis, up 0.09 percentage point from the previous month.
As of the end of May, TON Strategy held 227.5 million TON. Of that total, 226.8 million TON was being used for staking.
TON Strategy is one of the listed companies strategically accumulating TON as the Telegram ecosystem expands.
Market participants say stronger activity on the TON network and higher staking returns could bolster the company’s long-term holding strategy.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
