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TON Strategy Reports 17% Annualized Staking Yield, Reveals Cash Flow Mismatch
TON Strategy's Q2 report shows a 17% annualized gross staking yield, but a significant mismatch between token-denominated income ($15M from 9.4M Gram) and operating cash flows, with pre-tax income driven by a $82.8M net fair value gain on digital assets, highlighting reliance on token value stability for sustained cash generation.
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