TON Strategy said it generated an estimated 3.3 million TON in staking rewards for May, based on its holdings and staked balance at the end of the month. The Nasdaq-listed company put its preliminary gross monthly staking yield at 1.48%, up from 1.39% in April. On an annualized basis, that figure reached about 17.80%, compared with 16.7% a month earlier.
As of May 31, the company held roughly 227.5 million TON and had about 226.8 million TON staked. Using the market levels cited in the report, the May rewards were worth more than $5.6 million. TON Strategy said staking income remains a key part of its treasury operations built around The Open Network’s native token.
Treasury strategy remains tied to staking income
Formerly known as Verb Technology, TON Strategy adopted its TON treasury plan in August last year. Since then, it has become one of the network’s larger holders and validators. The report said TONX shares traded near $3.15 on Monday, up about 1.3% during the session and roughly 31% year to date.
Toncoin was trading near $1.72 and was described as mostly flat on a year-to-date basis. The company said recently approved protocol changes should not alter validator staking rewards, keeping the mechanics that support its treasury model in place.
June 4 changes target throughput and scalability
TON Strategy said it voted in favor of governance proposals for The Open Network, with the approved configuration changes taking effect on June 4, 2026. According to the company, the changes were designed to improve network performance, throughput, and scalability while preserving the staking structure used by validators.
The update included the TVM 14 upgrade aimed at improving smart contract execution. TON also added full collated data generation and introduced validator-side optimization work. Block Sync Overlay added a dedicated communication layer for validators, while expanded validation capacity increased the maximum collated data size validators can handle. Other changes adjusted validator infrastructure and introduced resource controls intended to address spam and congestion.
Company links upgrades to Telegram-related activity
Chief executive Kevin Wilson said in the company release that the upgrades support applications connected to Telegram. He said validators can now process and communicate activity more efficiently, and added that TON can become faster, more reliable, and easier to use as activity grows. TON Strategy described itself as one of the largest Toncoin validators backing the changes.
The company’s update also came during a period of broader changes in the TON ecosystem. Earlier this month, Telegram CEO Pavel Durov said he planned to rename TON’s native cryptocurrency to Gram, reviving the branding used in Telegram’s original white paper. He presented the move under the “Make TON Great Again” initiative, which also includes fee reductions and additional network improvements. Telegram, according to the report, plans to take a larger role in guiding the TON ecosystem.
TON Strategy also pointed to earlier changes from April 2026 that improved block times and transaction costs. It added that recent work on Acton developer tooling has helped builders test and deploy applications. The latest governance-approved upgrade follows those earlier network and developer updates.