25 /100
LOW RISK
Score updated Apr 13, 2026

TONX

TON Strategy Co — Stock Dilution Tracker

Track TONX dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

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📊 Score Breakdown
📋 Offering Ability
20
💰 Cash Runway
0
📊 Float Risk
50
⚠️ Warrant Exposure
70
🔄Convertible Debt
🌦️ Dilution Forecast
🌥️
Advisory
Moderate dilution signals present
20%
📜 Warrant Exercise 40%
• Significant warrants: 26% of shares outstanding
• Elevated warrant risk score (70/100)
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💹 Market Data
Market Cap$122.91M
Shares Outstanding56.53M
Float32.33M
Cash$39.49M
Debt$209.0K
Short InterestN/A
🏛 Institutional Holdings
QoQ: ↓ 9.6% shares (2025Q4 vs prior)
54 institutional holders · 15.97M shares
#1 ARISTEIA CAPITAL, L.L.C. 4.85M shares
#2 Ribbit Management Company, LLC 1.58M shares
#3 Polar Asset Management Partners Inc. 992.3K shares
+ 17 more holders Sign up free to view →
📉 Short Interest
Short Interest2.80M
Days to Cover5.5
% of Float8.7%
FINRA data as of Mar 31, 2026
📁 Recent SEC Activity
xbrl XBRL CONVERTIBLE Dec 31, 2023
xbrl XBRL WARRANT Jan 24, 2023
Full SEC filing analysis available with free account
📰 Recent News
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