
AlphaTON Capital has completed its first major purchase of Toncoin, acquiring $30 million worth of the token. This follows the company’s recent successful financing round, which raised a total of $71 million. The funds came from a $36.2 million private placement and a $35 million loan facility secured through BitGo Prime. The move positions AlphaTON as one of the largest holders of Toncoin worldwide.
The acquisition is a big step forward in the new treasury plan of AlphaTON that is targeting to achieve a reserve of $100 million of Toncoin by the year 2025. The organization aims at acquiring institutional-grade exposure to the Telegram blockchain ecosystem. AlphaTON recently rebranded as Portage Biotech, redefining its corporate identity in line with its objectives of concentrating on Toncoin.
AlphaTON’s $71 million financing strengthens its balance sheet and supports its long-term growth plans. The company intends to use its holdings for network validation and staking. This will help generate predictable yields while supporting decentralized applications within the Telegram mini app ecosystem. The firm plans to reinvest staking rewards into the ecosystem to back promising projects.
Industry veterans lead AlphaTON, bringing expertise from Nasdaq Global Corporate Solutions, SkyBridge Capital, and RSV Capital. The leadership expects that their combined experience will help the company execute its growth strategy efficiently. AlphaTON aims to remain transparent by providing regular updates on treasury activities and operational progress.
AlphaTON’s treasury move reflects a broader trend among companies increasing exposure to Toncoin. Earlier this year, Verb Technology raised $558M to launch the first public Toncoin treasury. Verb Technology then rebranded to TON Strategy, reporting $780 million in treasury assets, including $713 million in Toncoin. TON Strategy also approved a $250 million stock buyback to enhance shareholder value.
Additionally, the TON Foundation launched a public vehicle with Kingsway Capital Partners in July. This vehicle aims to raise $400 million for Toncoin accumulation. These initiatives show rising confidence in Toncoin’s role in bridging social media platforms and blockchain technology.
AlphaTON plans to expand its Toncoin treasury steadily, targeting $100 million by late 2025. The firm will focus on staking, validation, and supporting the growth of decentralized apps on Telegram. It also aims to explore opportunities in DeFi protocols and infrastructure projects built on the TON blockchain.
The company’s strategic approach targets multiple layers of the Telegram ecosystem. This includes direct token investments, yield generation through staking, and backing early-stage applications. Stakeholders such as Animoca Brands, Kraken, SkyBridge Capital, and DWF Labs support AlphaTON’s strategy. The company will keep investors informed on future treasury growth and ecosystem developments.