Nasdaq-listed company AlphaTON Capital (ATON) officially announced plans to purchase $100 million in TON, build a digital treasury, and develop applications on Telegram.
AlphaTON Capital spends $100 million to establish Toncoin (TON) treasury
AlphaTON Capital (formerly Portage Biotech, ticker symbol PRTG) has just announced a rebrand and strategy to focus on the TON blockchain – the network associated with the Telegram messaging app with over 1 billion monthly active users.
The company will spend about $100 million to buy Toncoin (TON) and build a digital treasury. specialized for this ecosystem.
🚀 MAJOR NEWS: AlphaTON Capital (formerly $PRTG , now $ATON ) is launching a $100M TON Digital Asset Treasury Strategy!
— AlphaTON Capital 💎 🚀 (@AlphaTONCapital) September 3, 2025
We're bridging traditional finance with Telegram's billion-user ecosystem through strategic TON Token acquisition, validation operations, and ecosystem…
Why this news is important
Listing milestone: AlphaTON will officially change its stock code to “ATON” from September 4, 2025, bringing TON to the Nasdaq exchange through the corporate treasury model.
Strong Capital : The company raised $38.2 million through a private placement and borrowed an additional $35 million from BitGo Prime to fund the purchase of TON.
Long-term strategy: AlphaTON will deploy three main directions: collect TON to build treasury, exploit yield from network validation & Staking, and develop mini apps, DeFi, gaming on Telegram.
Reaching 1 billion users: This is an effort to turn the TON ecosystem into an integrated “crypto layer” right inside Telegram – the largest messaging platform in the world.
Background & related past events
Crypto treasury wave: On August 22, Verb Technology also spent $713 million to buy TON , becoming the first company to make a large-scale accumulation. Coinbase Ventures also previously bought directly from the TON Foundation.
TON boomed and then declined: Toncoin emerged in 2024 with the trend of Mini Apps, e-wallets and games on Telegram, but since the beginning of 2025, both value and TVL have decreased sharply. TVL is now only 141 million USD , flat for many months.
Cooling trend: After a hot period in June-July with tens of billions of USD pouring into BTC, ETH, SOL treasuries..., in August, Capital flow into crypto treasury companies slowed down significantly, accompanied by doubts from many experts about the real buying motivation of businesses.
Expert opinion
Enzo Villani (Alpha Transform Holdings): “The combination of Telegram and blockchain is one of the biggest opportunities since Bitcoin. AlphaTON is giving traditional investors direct access to this wave.”
Brittany Kaiser (CEO AlphaTON, former Cambridge Analytica, co-founder of Own Your Data Foundation): “AlphaTON is not just a digital treasury, but also the infrastructure for the next generation of decentralized applications. With TON and Telegram, we aim to empower users globally to own their data and digital assets.”
Yury Mitin (RSV Capital): “TON has the potential to become a top 10 global blockchain by 2026 thanks to its unique combination of user scale and technology.”
Conclude
AlphaTON is the new player: Nasdaq listing + plan to buy 100 million USD TON will increase legitimacy and liquidation for TON.
Telegram Becomes “Crypto Gateway”: With Over 1 Billion Users, Telegram + TON Could Unleash a Wave of Large-Scale Decentralized Applications.
Institutional Capital Moves: Following Verb Technology and Coinbase Ventures, AlphaTON continues to reinforce the trend of listed companies building “digital treasuries” with TON.
Market Impact: TON price is currently near $3.18 , not much volatility yet, but AlphaTON (PRTG) stock has increased ~15% immediately after the news .
Evidence
TON Token price movement in the last 1 month, taken at 09:30 PM on 03/09/2025 on CoinGecko
Portage Biotech (PRTG) stock price movement in the last 24 hours, captured at 09:30 PM on September 3, 2025 on Google Finance
TVL movement of The Open Network blockchain, screenshot of defillama at 09:30 PM on 03/09/2025
Coin68 synthesis
