TON Strategy collected an estimated 3.3 million TON in staking rewards during May as it continued to grow its treasury and support recent network upgrades on The Open Network (TON).
Key figures
- Estimated May staking rewards: ~3.3 million TON (worth > $5.6 million at recent market levels).
- Preliminary gross staking yield (May): ~1.48% (up from 1.39% in April).
- Annualized May yield: ~17.80% (vs. 16.7% in April).
- TON holdings (May 31): ~227.5 million TON, of which ~226.8 million TON were staked.
- TON Strategy (Nasdaq: TONX) share price: near $3.15 at the latest session (+1.3% intraday; ~31% YTD). Toncoin traded near $1.72 and has been largely flat year-to-date.
Background and staking strategy
TON Strategy — formerly Verb Technology — adopted a TON treasury plan in August 2025 and has since become one of the network’s largest holders and validators. The company says staking rewards remain a core component of its treasury operations, and the fact that the new governance changes preserve existing staking mechanics was an important factor for its vote in favor.
Governance vote and network upgrades
TON Strategy confirmed it voted for a set of governance proposals that went into effect on June 4, 2026. The approved changes focus on improving network performance, throughput and scalability while keeping validator staking mechanics intact. Notable technical updates include:
- TVM 14 upgrade for smarter and more efficient smart contract execution.
- Full collated data generation and validation optimizations to ease validator workloads.
- Block Sync Overlay: a dedicated validator communication layer to speed validator coordination.
- Expanded validation capacity, increasing the maximum collated data size validators can handle.
- Resource controls and other validator infrastructure adjustments to mitigate spam and congestion.
CEO reaction
Kevin Wilson, CEO of TON Strategy, said the upgrades make validators “more efficient” at processing and communicating activity, and will help TON become faster, more reliable and more usable as on-chain activity grows — benefits that also support apps integrated with Telegram.
Wider TON ecosystem context
The update comes amid broader changes in the TON ecosystem. Telegram CEO Pavel Durov recently proposed renaming TON’s native token to “Gram” as part of a “Make TON Great Again” initiative that includes fee reductions, further network improvements and a larger role for Telegram in guiding the project. TON Strategy also noted prior April 2026 upgrades that improved block times and transaction costs and highlighted progress with Acton developer tooling to help builders test and deploy applications.
Bottom line
TON Strategy’s May report shows growing staking income and sustained confidence in TON’s technical roadmap. With the June 4 upgrades now live and staking mechanics preserved, the company is positioned to keep using validator rewards as a key treasury engine while supporting a more scalable TON.
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