Digital asset treasury firm Ton Strategy Company, on Monday, reported that it had earned $5.6 million worth of TON tokens from staking its holdings on the blockchain network. In addition, the firm also expressed approval for several of the Ton network’s proposed upgrades.
Ton Strategy reports strong May staking performance
In absolute numbers, the Nasdaq-listed company reported it had earned 3.3 million TON tokens in May.
Compared to April’s 1.39 percent, Ton Strategy reported a staking yield of 1.48 percent in May 2026. On an annualized basis, the firm’s May gross staking yield represents approximately 17.8 percent, while out of its total holdings of 227.5 million TON, 226.8 million tokens were staked.
Ton Strategy also made public its support for a number of configuration proposals as part of its ongoing participation in the project’s governance activities. The changes – that took effect on Thursday – are primarily geared toward improving network performance in the form of enhanced scalability and throughput.
One of the upgrades, dubbed the “TVM 14 Upgrade” relates to the introduction of several smart contract execution improvements that will reduce edge-case behavior across the network.
Similarly, the Block Sync Overlay upgrade adds a dedicated validator communication layer that will hasten the relay of block data across the network, while Expanded Validation Capacity increases the maximum collated data size processed by validators.
The upgrade also comprises validator infrastructure improvements that adjust validator staking parameters to allow larger stake concentrations on fewer machines, without excluding smaller validators. Kevin Wilson, CEO of TON Strategy Company, said:
“These network upgrades represent another important step as TON continues to develop for high-volume consumer applications tied to the Telegram ecosystem. By improving the way validators process and communicate activity, TON is continuing to make the network faster, more reliable and more usable as activity grows. As one of the largest validators of Toncoin, we voted in favor of these upgrades because we believe continued protocol-level development is important, as TON works to support broader real-world utility over time.”
Will TON head back above $2?
After trading in the $1.2 to $1.3 range for the majority of the time since March 2026, TON price saw an explosive appreciation starting May 4, when Telegram announced plans to lead network validation.
Riding the bullish momentum, the token made a local high of $2.82 on May 7, before paring some of its gains and hitting a low of $1.5 on June 6.
The following 6-hour TON chart shows the token trading within a descending channel, having recently bounced off of the trendline. The token is now eyeing an immediate target of $1.90.
While the wider crypto market is still hanging by a thread, the Ton community recently voted in favor of renaming the token. According to an update on June 1, the TON token will henceforth be known as GRAM.
