TLDR
- AlphaTON raises $73M to fuel TON treasury, staking, and ecosystem growth.
- From biotech to blockchain: AlphaTON pivots with $73M TON token strategy.
- AlphaTON unveils TON-focused treasury with $73M in fresh capital support.
- AlphaTON launches bold TON strategy, backed by $73M funding and partnerships.
- Nasdaq’s ATON bets $100M on TON tokens to anchor Telegram’s crypto ecosystem.
AlphaTON Capital has initiated a bold digital asset strategy with a $38.2 million private placement and a $35 million loan facility. The company, formerly known as Portage Biotech Inc., is shifting focus to build a TON token treasury and digital asset infrastructure. This new strategy positions AlphaTON Capital at the center of Telegram’s blockchain-based ecosystem, which hosts over one billion monthly users.
TON Treasury Strategy and Ecosystem Integration
AlphaTON Capital will acquire approximately $100 million worth of TON tokens to support a robust decentralized ecosystem. The firm will generate revenue through TON staking, validation, and other yield-based blockchain operations. This approach enables AlphaTON to combine predictable income with long-term ecosystem development.
The strategy includes identifying promising projects within the Telegram Mini App ecosystem, such as DeFi tools, gaming, and productivity applications. By targeting projects with user growth potential, AlphaTON expects to expand its digital footprint efficiently. The integration of the TON blockchain into Telegram ensures seamless access to decentralized apps for a massive user base.
AlphaTON aims to unlock value by enhancing network participation and security through its infrastructure support. This initiative aligns with its goal of blending treasury management with strategic application development. The company believes the TON-linked model creates sustainable growth while enhancing shareholder value.
Leadership Structure and Strategic Partnerships
AlphaTON Capital appointed Brittany Kaiser as Chief Executive Officer and Board Member. She brings strong digital innovation experience and joins Enzo Villani, Executive Chairman and Chief Investment Officer, who brings deep capital markets and crypto industry knowledge. They lead a team with cross-sector expertise in blockchain, finance, and digital platforms.
Key strategic advisors from the blockchain and finance sectors support the company’s leadership, including Anthony Scaramucci, Michael Terpin, and Jaime Rogozinski, all known for shaping digital asset discourse. Their insights will guide AlphaTON’s expansion into new blockchain-driven investment opportunities.
Strategic partners include BitGo, Animoca Brands, SkyBridge, Kraken, Crypto.com and DWF Labs. These partnerships strengthen AlphaTON’s access to institutional-grade infrastructure and asset management capabilities. Through these alliances, AlphaTON aims to accelerate the execution of its TON-centric treasury model.
Financing Details and Operational Rollout
AlphaTON Capital entered a securities purchase agreement to raise gross proceeds of $38.2 million in a private placement. The offering includes 6.7 million shares or pre-funded warrants priced at $5.73 per share and closing on September 5, 2025. These funds will directly support the acquisition of the TON token and the firm’s new digital treasury operations.
A loan agreement with BitGo Prime for up to $35 million will further boost AlphaTON’s TON holdings. The loan, secured by the acquired tokens, will be repaid within six months and can be extended. This structure allows AlphaTON to scale its reserves while quickly preserving capital flexibility.
The company will trade under the new Nasdaq ticker “ATON” from September 4, 2025. This change reflects its complete transformation into a digital asset treasury company. The operational shift underscores AlphaTON’s long-term commitment to blockchain growth and market innovation.
