AlphaTON Launches TON Treasury With $30 Million Buy

CN
5 hours ago

AlphaTON Capital Secures $71 Million Financing, Acquires $30 Million in TON Tokens

AlphaTON Capital Corp (Nasdaq: ATON), a digital asset treasury company dedicated to the Telegram Open Network (TON), has announced the close of $71 million in financing and the completion of its initial token acquisition.

The funding included a $36.2 million private placement of shares and a $35 million loan facility from Bitgo Prime. Proceeds supported the purchase of approximately $30 million worth of TON, immediately making AlphaTON one of the network’s largest institutional holders. The company’s goal is to scale its TON treasury to $100 million.

“These successful financings and immediate deployment into TON demonstrate our unwavering commitment to the Telegram ecosystem. We’re not just building a treasury; we’re investing in the infrastructure that will empower billions of users to truly own their digital life,” said Brittany Kaiser, CEO of AlphaTON Capital.

With its treasury foundation in place, AlphaTON plans to generate yield through staking and validation, while also allocating capital toward strategic investments in TON-based defi protocols and Telegram mini apps.

The company says its strengthened balance sheet provides the foundation to deliver long-term value to shareholders while supporting TON’s expansion into one of the largest consumer-facing blockchain networks.

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