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AlphaTON Stands Strong Amid 60% Toncoin Drop, Banking on a Blockchain Future Powered by Telegram

AlphaTON Stands Strong Amid 60% Toncoin Drop, Banking on a Blockchain Future Powered by Telegram

Bitget-RWA2025/09/26 23:52
By:Coin World

- AlphaTON Capital, rebranded from Portage Biotech, acquired $30M in Toncoin (TON) to transition into a digital asset treasury company. - The $71M financing included a $36.2M share issuance and $35M BitGo loan, aiming to expand TON holdings to $100M by 2025. - The firm leverages TON for staking, validator nodes, and Telegram mini app investments, backed by advisors like Anthony Scaramucci. - Despite TON's 60% price drop, AlphaTON remains bullish, citing Telegram's 1.8B users and blockchain integration pote

AlphaTON Stands Strong Amid 60% Toncoin Drop, Banking on a Blockchain Future Powered by Telegram image 0

AlphaTON Capital, previously known as Portage Biotech and now listed on Nasdaq, has finalized its inaugural $30 million purchase of

(TON), the core asset of The Open Network, as it transitions to a digital asset treasury business. This acquisition comes after securing $71 million in funding, which included a private placement of 6.32 million shares at $5.73 each for $36.2 million, and a $35 million credit line from BitGo Prime AlphaTON Completes Initial $30M Toncoin Purchase After Latest Fundraise [ 1 ]. Through this move, becomes one of the largest institutional Toncoin holders, with ambitions to grow its reserves to $100 million by the close of 2025 AlphaTON Raises $71M and Buys $30M TON Tokens [ 2 ]. The company intends to use its Toncoin assets to earn returns via staking, validating the network, and investing in Telegram’s mini app ecosystem AlphaTON Capital Secures $71 Million, Acquires $30 Million in Toncoin [ 3 ].

This funding and acquisition highlight AlphaTON’s strategic shift from biotechnology to blockchain. CEO Brittany Kaiser stressed the company’s dedication to the Telegram ecosystem, noting that the investment “shows our steadfast support for the upcoming era of decentralized app innovation” AlphaTON Capital Corp Successfully Closes $71 million Financing [ 4 ]. The executive team features Executive Chairman Enzo Villani, a Nasdaq Global Corporate Solutions co-founder, and advisors such as Anthony Scaramucci (SkyBridge Capital) and Jaime Rogozinski (Wall Street Bets founder) Nasdaq-Listed AlphaTON Capital Invests $30M in TON Tokens [ 5 ]. Partnerships with organizations like BitGo, Kraken, and Animoca Brands further strengthen AlphaTON’s institutional approach to managing digital assets AlphaTON Supercharges Toncoin Strategy with Aggressive $30M Move [ 6 ].

AlphaTON’s treasury approach reflects a growing trend of corporations accumulating cryptocurrencies, especially alternative coins like Toncoin. The company joins others, such as the rebranded Verb Technology (now TON Strategy), which recently acquired $713 million in TON AlphaTON Adds $30M in Toncoin to Balance Sheet Amid Price Decline [ 7 ]. Even though Toncoin’s value has dropped—falling 60% from its 2024 high to $2.68 as of September 2025—AlphaTON remains optimistic, pointing to the token’s potential to connect social media with blockchain technology Nasdaq-Listed AlphaTON Kicks Off Treasury Strategy, Buys $30M in Toncoin [ 8 ]. Market analysts suggest that the current downturn could be the last correction before a possible “Uptober” rally AlphaTON Capital Shares Surge on TON Treasury Announcement [ 9 ].

The company’s financial setup includes a $35 million loan from BitGo, backed by TON tokens, with repayment due in six months AlphaTON Capital Corp Successfully Closes $71 million Financing [ 10 ]. AlphaTON will use the newly raised funds to support staking, run validator nodes, and invest in decentralized finance (DeFi) projects built on Telegram AlphaTON Capital Raises $71.2M Via Private Placement and BitGo Loan [ 11 ]. Shareholders will be kept informed with regular updates on treasury activities and ecosystem progress, maintaining transparency as the company balances digital asset ventures with its legacy biotech business AlphaTON Capital Secures $71 Million, Acquires $30 Million in Toncoin [ 12 ].

Although Toncoin’s ranking has slipped—from the top 10 to 31st by market cap—AlphaTON’s assertive accumulation reflects its belief in the token’s future value AlphaTON Capital Corp Successfully Closes $71 million Financing [ 13 ]. Leadership credits this confidence to Telegram’s 1.8 billion monthly active users and the platform’s integration with the TON blockchain, which could accelerate mainstream adoption of decentralized applications AlphaTON Capital Secures $71 Million, Acquires $30 Million in Toncoin [ 14 ]. AlphaTON’s upcoming plans include growing its treasury, launching yield-generating initiatives, and collaborating with developers in the Telegram mini app ecosystem AlphaTON Capital Raises $71.2M Via Private Placement and BitGo Loan [ 15 ].

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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