TON Strategy locks 226.8M TON; May staking yield 1.48%

TON Strategy, listed on Nasdaq as TONX, held about 227.5 million Toncoin and had roughly 226.8 million staked as of May 31. The firm reported a monthly gross staking yield of 1.48% for May, up from 1.39% in April; the simple annualized rate rose to about 17.8% from 16.7%. The company keeps nearly all positions locked to earn continuous validation rewards.

The yield increase coincided with a governance vote in which TON Strategy supported a set of network configuration changes that took effect on June 4. Company statements reported the upgrades were intended to improve smart contract execution, speed up block data handling, raise validation capacity and add safeguards designed to reduce spam and congestion. The reported changes did not alter the level of validation rewards.

Kevin Wilson, chief executive officer, described the upgrades as “another important step as TON continues to develop for high-volume consumer applications tied to the Telegram ecosystem,” and added that the firm backed the changes because it sees ongoing protocol development as important.

Developers implemented earlier upgrades in April that shortened block times and reduced transaction costs. They have also signaled a planned shutdown of a network bridge in September 2026, a change that could affect liquidity and cross-chain flows.

TON Strategy’s shares have risen about 65% year-to-date on Nasdaq. The company’s public disclosures state that staking is the primary driver of its treasury returns and that it intends to keep a high level of assets staked to capture validation rewards from The Open Network.