TON Strategy Company reported selling 2 million Gram (GRAM) tokens after the third quarter, while a Nov. 11 valuation of its quarter-end balance was $80.414 million below its Sept. 30 fair value.
A Nov. 13 filing with the Securities and Exchange Commission said the sale generated $2.32 million in cash and took place from Oct. 1 through Nov. 12. The Nasdaq-listed company reported holding 235,126,342 GRAM at Sept. 30, with a fair value of $348.458 million.
Using Nov. 11 data, the filing valued that same quarter-end balance at $268.044 million, a decrease of $80.414 million from the Sept. 30 valuation.
The filing says staking is a core component of TON Strategy’s digital asset treasury strategy. It also says third-party custodians manage and stake the company’s Gram holdings. Gram’s price and limited liquidity may affect the company’s financial results, the filing says, and the amount realized may differ from reported book value.
