TON Strategy Co.
TON Strategy Co. (TONX) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · TONX · as of Sep 30, 2025
Ownership Breakdown
54
Institutional Holders
▲ 44 vs Q2
$120.79M
Total Inst. Value
▲ $120.47M vs Q2
56.53M
Shares Outstanding
freeFloat 57.18%
17.18M
13F Shares Held
▲ 17.14M vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
TONX largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
ARISTEIA CAPITAL LLC services-personal services | 2.42M | 6.50% | 6.50% | $17.06B | Nov 14, 2025 | NEW |
TOMS CAPITAL INVESTMENT MANAGEMENT LP services-personal services | 2.32M | 6.22% | 6.22% | $16.32B | Nov 14, 2025 | NEW |
RIBBIT MANAGEMENT COMPANY, LLC services-personal services | 1.58M | 4.23% | 4.23% | $11.10B | Nov 14, 2025 | NEW |
POLAR ASSET MANAGEMENT PARTNERS INC. services-personal services | 992.3K | 2.66% | 2.66% | $6.99B | Dec 1, 2025 | NEW |
DRW SECURITIES, LLC services-personal services | 966.3K | 2.59% | 2.59% | $6.60B | Nov 14, 2025 | NEW |
YORKVILLE ADVISORS GLOBAL, LP services-personal services | 900.0K | 2.42% | 2.42% | $6.34B | Nov 18, 2025 | NEW |
PANTERA CAPITAL PARTNERS LP services-personal services | 867.5K | 2.33% | 2.33% | $6.11B | Feb 27, 2026 | NEW |
VANGUARD GROUP INC services-personal services | 770.8K | 2.07% | 2.07% | $5.43B | Nov 7, 2025 | NEW |
BLACKROCK, INC. services-personal services | 712.0K | 1.91% | 1.91% | $5.01B | Nov 12, 2025 | ▲ 710.0K |
ONE FIN CAPITAL MANAGEMENT LP services-personal services | 700.0K | 1.88% | 1.88% | $4.93B | Nov 14, 2025 | NEW |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
3
Increased
+1.26M shares45
New Positions
first time holders2
Decreased
−23.7K shares0
Sold Out
fully exitedNet shares change (top 50)
+1.24M
+1.26M / −23.7K
Net new holders
+46
45 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
TONX insider trading · insider activity
Source: SEC Form 4
Insiders have been net buyers of shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
4
Buy transactions
8
Sell transactions
0.50
Buy/Sell ratio
$1M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Marbach Mary General Counsel/Corp Secretary | May 15, 2026 | Purchase | 1,600 | $3.52 | $5.6K | 1.6K | Form 4 ↗ |
Wilson Kevin Mark Chief Executive Officer | May 14, 2026 | Purchase | 8,020 | $3.66 | $29.4K | 8.0K | Form 4 ↗ |
Sohn Evan director | May 14, 2026 | Purchase | 2,770 | $3.58 | $9.9K | 5.4K | Form 4 ↗ |
Sohn Evan director | May 14, 2026 | Purchase | 2,770 | $3.58 | $9.9K | 5.4K | Form 4 ↗ |
Wilson Kevin Mark Chief Executive Officer | May 14, 2026 | Purchase | 8,020 | $3.66 | $29.4K | 8.0K | Form 4 ↗ |
Olsen Sarah Josephine CFO & COO | May 14, 2026 | Purchase | 7,440 | $3.62 | $26.9K | 7.4K | Form 4 ↗ |
Sohn Evan director | Apr 29, 2026 | J-Other | 12,146 | — | — | 2.6K | Form 4 ↗ |
Olsen Sarah Josephine CFO & COO | Apr 29, 2026 | J-Other | 37,956 | — | — | 631.9K | Form 4 ↗ |
Olsen Sarah Josephine CFO & COO | Apr 29, 2026 | J-Other | 631,864 | — | — | 0 | Form 4 ↗ |
Marbach Mary General Counsel/Corp Secretary | Apr 29, 2026 | J-Other | 311,908 | — | — | 0 | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
TON Strategy Co. (TONX) is primarily owned by institutional investors, who hold approximately 30.4% of total shares outstanding. Company insiders own approximately 42.82%, while retail and public investors account for the remaining 26.79%.
The largest institutional shareholder of TON Strategy Co. is ARISTEIA CAPITAL LLC, holding approximately 2.42 million shares — equal to 6.50% of outstanding shares — as of September 30, 2025.
A total of 54 institutional investors currently hold TONX stock, with a combined institutional value of approximately $120,792,862 as of the most recent 13F filing period.
Frequently asked questions
TONX ownershipTON Strategy Co. (TONX) is primarily owned by institutional investors, who hold approximately 30.4% of shares. The largest shareholder is ARISTEIA CAPITAL LLC with a 6.50% stake. Company insiders hold 42.82%. Data sourced from SEC Form 13F as of September 30, 2025.