TLDR:
- AlphaTON Capital plans to acquire around $100M in Toncoin to build a dedicated corporate treasury linked to Telegram.
- The firm raised $38.2M through private placement and secured a $35M loan from BitGo Prime for the purchase.
- Nasdaq ticker symbol will switch from PRTG to ATON starting September 4, with closing expected September 5, 2025.
- Brittany Kaiser was appointed CEO as AlphaTON builds TON validation, staking, and ecosystem development strategies.
AlphaTON Capital has unveiled a large-scale plan focused on Toncoin and Telegram’s growing ecosystem.
The company is moving quickly, raising fresh funds and preparing for a Nasdaq ticker change. Investors are watching closely as AlphaTON targets a $100 million TON buildout. At the same time, the company is reshaping itself under new leadership and shifting fully into digital assets.
The plan comes as Telegram’s user base keeps expanding, giving TON a larger stage.
$100M Toncoin Acquisition Plan and Treasury Strategy
Wu Blockchain reported that AlphaTON secured $38.2 million from a private placement and a $35 million loan from BitGo Prime.
According to the company’s press release on September 3, the financing will be directed toward acquiring Toncoin and building a digital asset treasury. This effort is designed to align with Telegram’s ecosystem, which counts over a billion users.
The company outlined a three-part strategy: build a TON treasury, generate yield through staking and validation, and develop mini app projects inside Telegram.
Executives said this model will connect public markets with a growing blockchain community. They believe it positions AlphaTON as a dedicated TON-focused treasury company.
The Nasdaq-listed firm, previously called Portage Biotech, confirmed its ticker symbol will change from PRTG to ATON on September 4. The private placement deal is expected to close the following day, subject to standard conditions.
AlphaTON stated that BitGo will hold the TON collateral linked to the loan, repayable within six months.
AlphaTON Capital (Nasdaq: ATON) has launched a plan to acquire ~$100M in Toncoin and build a Telegram-focused digital asset treasury. It raised $38.2M via private placement and secured a $35M loan from BitGo Prime. The ticker will change to ATON on September 4.…
— Wu Blockchain (@WuBlockchain) September 3, 2025
Leadership Change and Partnerships for TON Expansion
Brittany Kaiser has been appointed as AlphaTON’s new Chief Executive Officer and board member.
She previously co-founded the Own Your Data Foundation and held roles in blockchain advocacy. Her appointment was announced alongside Enzo Villani’s addition as Executive Chairman and Chief Investment Officer.
AlphaTON also highlighted partnerships and advisors supporting its TON initiative.
The company has connections with SkyBridge, Animoca Brands, Kraken, and Crypto.com. Advisors include Anthony Scaramucci, Michael Terpin, and Jaime Rogozinski, each with deep crypto experience.
The company said its approach blends treasury management with ecosystem development. Plans include supporting decentralized apps on Telegram, building TON-based finance tools, and growing validation operations. Management stated that the aim is to grow revenue while strengthening the TON network.
With Telegram integrating blockchain features, AlphaTON’s move is timed to capture user growth.
Company representatives said they view TON as a future top-10 blockchain, supported by Telegram’s scale. Investors will now follow AlphaTON’s progress as it transitions into this new digital asset role.
