SCHEDULE 13D/A

TON STRATEGY CO

Common Stock, par value $0.0001 per share · CUSIP: 92337U302

Event date: 2025-08-07

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• Manuel StotzReported CIK 0001853406

  Shares: 12,021,720.00 · Class: 19.93%

• Kingsway Capital Partners Limited

  Shares: 12,021,720.00 · Class: 19.93%

• Kingsway Fund - Frontier Consumer Franchises

  Shares: 1,051,525.00 · Class: 1.74%

• FC02 Digital Ltd

  Shares: 2,797,608.00 · Class: 4.64%

• Kingsway Frontier Consumer Opportunities (FCO4) Growth Fund IV Ltd

  Shares: 2,227,678.00 · Class: 3.69%

• SP12 Digital Ltd

  Shares: 333,144.00 · Class: 0.55%

• SP13 Digital Ltd

  Shares: 3,690,399.00 · Class: 6.12%

• SP14 Digital Ltd.

  Shares: 1,437,739.00 · Class: 2.38%

• SP15 Digital Ltd

  Shares: 483,627.00 · Class: 0.80%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.