TON Strategy reported a net loss of approximately $91 million in the first quarter, with a significant decline in the fair value of Toncoin.

CoinFeed reported on May 12th, citing GlobeNewswire, that Nasdaq-listed TON Strategy Company (TONX) disclosed that in the first quarter of 2026, it held approximately 221.9 million Toncoin ($TON), of which approximately 221.2 million were staked, representing about 4.29% of the total Toncoin supply and about 26.18% of the network's staked amount. The fair value at the end of the period was approximately $272 million. The company obtained approximately 2.2 million Toncoin through staking during the quarter, recognizing staking income of approximately $3 million, with total revenue of $5.3 million and a gross profit of $4 million. Due to changes in the fair value of Toncoin, the company recorded approximately $87.9 million in unrealized crypto asset losses, an operating loss of approximately $3.9 million, and a pre-tax net loss of approximately $91 million.