Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
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 ].

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

DeFi's Automation Shortfall Addressed: Orbs Introduces dSLTP to Achieve CeFi-Grade Risk Control

- Orbs launches dSLTP, a decentralized stop-loss/take-profit protocol for DEXs, bridging CeFi automation with DeFi. - The protocol automates risk management via on-chain orders, reducing real-time monitoring needs during volatility. - Built on Orbs' Layer-3 infrastructure, it enhances DEX functionality with CeFi-grade tools while maintaining decentralization. - This innovation addresses DeFi's automation gap, potentially driving DEX adoption and institutional-grade on-chain trading.

Bitget-RWA2025/11/24 05:54
DeFi's Automation Shortfall Addressed: Orbs Introduces dSLTP to Achieve CeFi-Grade Risk Control

XRP Latest Updates: XRP ETFs Enhance Market Liquidity, Large Holder Sell-Offs Postpone Price Increases to 2026

- XRP ETFs launched in late 2025 (e.g., Grayscale's GXRP) expanded institutional access, but whale sales delayed price gains until 2026. - XRP traded near $2.12 as 41.5% of its supply remains in loss, with whale-driven volatility and structural supply imbalances persisting. - Ripple secured $500M institutional backing for XRP Ledger infrastructure, while projects like XRP Tundra accelerated tokenization plans. - XRP trails Ethereum in market cap ($129B vs. $373B) due to lack of smart-contract capabilities,

Bitget-RWA2025/11/24 05:54
XRP Latest Updates: XRP ETFs Enhance Market Liquidity, Large Holder Sell-Offs Postpone Price Increases to 2026

Dogecoin News Today: Grayscale's Alternative Coin ETFs Indicate Change: Bitcoin Withdrawals Differ from Rising Interest in Altcoins

- Grayscale launches GDOG and GXRP ETFs on NYSE, offering direct exposure to Dogecoin and XRP via spot ETPs. - ETFs convert private trusts to public offerings, aligning with industry trends to boost liquidity and attract institutional capital. - GXRP competes with existing XRP products ($422M inflows), while GDOG follows DOGE's rise to 9th-largest crypto by market cap. - SEC's "Project Crypto" framework and FalconX partnership strengthen Grayscale's position in regulated altcoin investment vehicles. - Altc

Bitget-RWA2025/11/24 05:54
Dogecoin News Today: Grayscale's Alternative Coin ETFs Indicate Change: Bitcoin Withdrawals Differ from Rising Interest in Altcoins

Bitcoin Update: Federal Reserve Postponements and $1.2 Billion ETF Withdrawals Trigger 26% Drop in Bitcoin Value

- Bitcoin falls 26% to $83,000 amid Fed's delayed rate-cut timeline and $1.2B ETF outflows, marking its longest losing streak since 2024. - Analysts warn of structural risks, with Bloomberg's Mike McGlone projecting a potential $10,000 drop and Cathie Wood revising bullish 2030 forecasts. - Market volatility intensifies as JPMorgan's index exclusion proposal sparks crypto sector backlash and S&P 500 defensive sector shifts highlight interconnected risks. - Fed's December rate-cut speculation and upcoming i

Bitget-RWA2025/11/24 05:38
Bitcoin Update: Federal Reserve Postponements and $1.2 Billion ETF Withdrawals Trigger 26% Drop in Bitcoin Value