TON Strategy Company

NasdaqCM:TONX Stock Report

Market Cap: US$173.1m

TON Strategy Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqCM:TONX Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
29 Sep 25BuyUS$497,602Kingsway Capital Partners LimitedCompany70,000US$7.11

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of TONX?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders913,3441.55%
Institutions17,183,84329.1%
VC/PE Firms18,217,54130.8%
General Public22,775,79338.5%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 5850.3%.

Top Shareholders

Top 25 shareholders own 60.3% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
20.5%
Kingsway Capital Partners Limited
12,091,720US$35.4m0%100.0%
10.4%
Vy Capital
6,125,821US$17.9m0%16.53%
4.1%
Aristeia Capital, LLC
2,423,476US$7.1m0%0.39%
3.92%
TOMS Capital Investment Management LP
2,318,522US$6.8m0%0.58%
2.67%
Ribbit Management Company, LLC
1,577,287US$4.6m0%0.17%
1.68%
Polar Asset Management Partners Inc.
992,269US$2.9m0%0.12%
1.64%
DRW Holdings, LLC
966,343US$2.8m0%0.16%
1.52%
Yorkville Advisors Global LP
900,000US$2.6m0%0.93%
1.5%
Rory Cutaia
887,724US$2.6m634%no data
1.47%
Pantera Capital Partners LP
867,508US$2.5m0%0.55%
1.3%
The Vanguard Group, Inc.
770,753US$2.3m226,000%no data
1.2%
BlackRock, Inc.
711,962US$2.1m36,200%no data
1.18%
One Fin Capital Management LP
700,000US$2.1m0%0.83%
1.15%
Alyeska Investment Group, L.P.
679,597US$2.0m0%0.01%
0.98%
Luxor Capital Group, LP
577,095US$1.7m0%0.23%
0.93%
Geode Capital Management, LLC
551,031US$1.6m5,190%no data
0.91%
Verition Fund Management LLC
538,857US$1.6m0%0.01%
0.83%
Saba Capital Management, L.P.
488,263US$1.4m0%0.03%
0.48%
Charles Schwab Investment Management, Inc.
286,437US$839.3k0%no data
0.44%
Maso Capital Partners Ltd
262,881US$770.2k0%1.43%
0.39%
State Street Global Advisors, Inc.
232,880US$682.3k0%no data
0.33%
Empyrean Capital Partners, LP
192,621US$564.4k0%0.02%
0.31%
Meteora Capital, LLC
183,416US$537.4k0%0.06%
0.27%
Tekne Capital Management, LLC
157,810US$462.4k0%0.16%
0.25%
IEQ Capital, LLC
147,476US$432.1k0%no data

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/21 07:34
End of Day Share Price 2025/11/21 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TON Strategy Company is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Edward WooAscendiant Capital Markets LLC
Jon HickmanLadenburg Thalmann & Company