AlphaTON Capital Corp, previously known as Portage Biotech Inc., has undergone a rebranding and ticker change to ATON, marking a strategic shift into the TON (Toncoin) ecosystem. The company announced a $100 million initiative to acquire TON tokens and establish a dedicated digital asset treasury focused on managing and growing its holdings. This move positions AlphaTON as a publicly traded entity seeking to bridge traditional finance with the Telegram network’s ecosystem of over one billion users.
The restructured company, led by newly appointed CEO Brittany Kaiser—a recognized expert in digital assets, data protection, and blockchain—plans to leverage Telegram’s user base to expand the utility of TON tokens through decentralized applications, staking, and network validation. AlphaTON’s strategy includes generating yield via staking operations and securing the TON network infrastructure while also incubating Telegram-based mini apps, DeFi protocols, and enterprise solutions. The company believes that this dual approach of yield generation and ecosystem development can unlock long-term value for shareholders.
To fund the initiative, AlphaTON conducted a private placement offering 6.7 million ordinary shares at $5.73 per share, generating gross proceeds of approximately $38.2 million. Additionally, the company secured a $35 million loan facility from BitGo Prime, which will be used to purchase TON tokens. The combined funding is intended to establish a robust TON treasury and support ongoing operations. The private placement is expected to close on or around September 5, 2025, with the loan to be repaid within six months, subject to possible extension. BitGo or an affiliated entity will hold the TON tokens as collateral.
AlphaTON’s leadership team includes strategic advisors such as Anthony Scaramucci of SkyBridge, Michael Terpin, and Jaime Rogozinski, all prominent figures in the crypto and financial sectors. The company also has partnerships with key players in the digital asset industry, including BitGo, Kraken, and DWF Labs, enhancing its access to institutional infrastructure and market expertise. These relationships are expected to support AlphaTON’s growth and reinforce its position as a leading digital asset treasury firm.
The TON blockchain itself has been gaining traction, with its integration into Telegram’s platform enabling seamless access to financial, gaming, and productivity applications. TON’s recent price movements reflect this growing adoption, with the token currently trading at approximately $3.18, having increased by 1.09% in the past 24 hours. Analysts suggest that TON may be forming a symmetrical triangle pattern in its price chart, potentially signaling a 50% price move in either direction as the asset approaches a breakout. This dynamic is attributed to the convergence of trendlines and the narrowing consolidation phase, typical of such patterns in technical analysis.
AlphaTON Capital Corp’s strategic shift reflects a broader industry trend of leveraging Telegram’s user base to accelerate blockchain adoption. With a scalable architecture and low transaction fees, TON is well-positioned to support high-volume applications and decentralized finance initiatives. As the ecosystem continues to evolve, the company’s investment in TON represents a calculated bet on the convergence of social media, decentralized infrastructure, and financial innovation.
Source: [1] AlphaTON Capital Corp Launches TON Digital Asset Treasury Strategy for the Telegram Ecosystem (https://www.globenewswire.com/news-release/2025/09/03/3143710/0/en/AlphaTON-Capital-Corp-Launches-TON-Digital-Asset-Treasury-Strategy-for-the-Telegram-Ecosystem.html) [2] Toncoin (TON) Heading For A 50% Price Move, Analyst … (https://www.mitrade.com/insights/news/live-news/article-3-1090499-20250903) [3] TON (TON) Price, Live Chart and Data (https://www.kucoin.com/price/TON) [4] What is TON? Telegram’s high-speed layer-1 blockchain (https://coinshares.com/insights/knowledge/toncoin-ton-guide/)
