Nasdaq-Listed AlphaTON Kicks Off Treasury Strategy, Buys $30M in Toncoin After $71M Raise

AlphaTON has made its first buy of $30 million of Toncoin for its new treasury strategy. It comes shortly after the company closed a strong $71 million funding round for future TON purchases.

AlphaTON Commits $30M to Treasury Holdings

In a recent press release, AlphaTON,  a Nasdaq-listed firm dedicated to the Telegram ecosystem, confirmed that it has acquired approximately $30 million worth of TON following the close of $71 million in combined financing. The package included a $36.2 million private placement and a $35 million loan facility secured through BitGo Prime.

This purchase immediately positions the firm among the largest holders of the token globally. It also marked the company’s first major treasury transaction. The company also plans to expand its reserves to $100 million by the end of 2025. Additionally, this move would provide shareholders with institutional-grade exposure to Telegram’s billion-user ecosystem.

CEO Brittany Kaiser described the development as an opportunity for the company to invest in an infrastructure that will power decentralized applications across the Telegram network.

“Today marks a pivotal moment in AlphaTON Capital’s journey as we officially establish ourselves as a premier digital asset treasury company with substantial TON holdings,” she said. “These successful financings and immediate deployment…positions us to be a driving force in the next wave of decentralized application development”

This purchase comes shortly after the company launched its Toncoin treasury in the first week of the month. The firm rebranded from Portage Biotech to AlphaTON, aligning its corporate identity with its Toncoin-focused strategy. 

Enzo Villani, the company’s Executive Chairman and Chief Investment Officer, noted that the treasury initiative marks only the beginning of the company’s strategy. He clarified that by investing capital straight into the token, the company is positioned to take the lead in staking, validation, and ecosystem expansion as a whole.

Toncoin Treasury Momentum Builds

The firm’s move reflects a broader trend among treasury companies to increase their exposure to the token. In July, in collaboration with Kingsway Capital Partners, the TON Foundation launched a public vehicle dedicated to accumulating Toncoin, aiming to raise up to $400 million in funding.

Other firms are also following suit. Verb Technology, now known as TON Strategy, disclosed treasury assets worth $780 million earlier this year. This includes $713 million in the token alongside $67 million in cash reserves. The company approved a $250 million plan to buy back its own stock. This move aims to strengthen its balance sheet and create more value for shareholders.

These actions show that institutions are becoming more confident in the token’s ability to serve as a bridge between social media adoption and blockchain technology.

With AlphaTON’s financing round now complete, the firm outlined its growth strategy plans. The company plans to leverage its holdings for network validation and staking, generating predictable yield streams. They would also direct resources toward supporting decentralized applications built on the Telegram mini app ecosystem. 

It is also worth mentioning that the company is backed by stakeholders such as Animoca Brands, Kraken, SkyBridge Capital, and DWF Labs. The company has pledged to keep investors informed through regular treasury and operational updates in the months ahead.