TON Strategy reports 3.3 million TON staking rewards May

A Nasdaq-listed company building its treasury around The Open Network's native token reported generating an estimated 3.3 million TON in staking rewards for May, while also supporting a series of network upgrades that took effect last week. TON Strategy disclosed the figures in a statement on Monday, June 8.

The company's preliminary gross staking yield for May was approximately 1.48%, an increase from 1.39% in April. Based on its reported holdings of 226.8 million staked TON as of May 31, the monthly rewards were valued at over $5.6 million based on recent market prices. The firm held about 227.5 million TON in total at the end of the month.

In the same statement, TON Strategy said it voted in favor of governance proposals for The Open Network that were approved and implemented on June 4. The upgrades focused on improving network performance, throughput, and scalability. Specific changes included improvements to smart contract execution, block synchronization, and validation capacity to support higher transaction volumes. The company confirmed the changes did not materially affect staking rewards for validators.

Chief Executive Kevin Wilson linked the technical improvements to...