Today, TON Strategy provided an update on the wind-down of our legacy operations and highlighted our strong preliminary June staking performance.
 
TON Strategy has largely completed the primary operating actions associated with winding down its inherited social commerce and software businesses, a move expected to reduce annual cash operating expenses by ~$4 million while sharpening our focus on both our Gram treasury as well as supporting the TON ecosystem.
 
Additionally, we reported a preliminary annualized gross staking yield of approximately 16% for June, with approximately 230.5 million Gram held as of June 30.
 
As Kevin Wilson, our CEO, explains, “These actions simplify our operations and further sharpen our focus on the long-term opportunity we see in Gram and the TON ecosystem. Our June staking performance also demonstrates the productivity of our treasury and the importance of disciplined execution as we continue to support TON.”
 
⤵️Read the full announcement below for more details:
https://www.tonstrat.com/ton-strategy-company-provides-update-on-wind-down-of-legacy-operations-and-june-staking-performance/