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Nasdaq-listed AlphaTON Capital has acquired $30 million in Toncoin.
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The firm plans to grow its TON treasury to $100 million by the end of 2025.
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AlphaTON was formerly a biotech company before pivoting to digital assets.
First Major TON Purchase
AlphaTON Capital announced it had completed its first $30 million Toncoin acquisition after raising $71 million through a mix of private placement and a loan from BitGo Prime. The move positions the firm as one of the largest institutional holders of TON, the token linked to Telegram’s ecosystem.
Pivot From Biotech to Blockchain
Formerly known as Portage Biotech, AlphaTON rebranded earlier this year to focus entirely on Toncoin accumulation. CEO Brittany Kaiser, a former executive at Gryphon Digital Mining, now leads the firm.
Ambitions Beyond Accumulation
AlphaTON said it aims to build a $100 million TON treasury by the end of the year. Beyond simply buying tokens, the company plans to earn yield through validation and staking, while also investing in TON-based DeFi apps and Telegram mini-apps.
Corporate Crypto Treasury Trend
AlphaTON’s strategy mirrors the growing trend of public companies transforming into digital asset treasuries, a playbook popularized by Michael Saylor’s MicroStrategy. While Bitcoin and Ethereum treasuries remain dominant, Toncoin is becoming another choice for firms seeking exposure to alternative ecosystems.
