AlphaTON Capital Debuts $100M TON Treasury, Rebrands ATON

AlphaTON Capital Corp has announced plans to launch a $100 million Toncoin treasury.
This comes as the company rebrands from Portage Biotech, now trading on Nasdaq under the ticker ATON as of September 4, 2025.
Led by new CEO Brittany Kaiser, the firm collected about $38.2 million through a private placement of 6.7 million shares at $5.73 each and added a $35 million loan facility from BitGo Prime.
According to the press release, this financing will be used to acquire Toncoin, which will serve as AlphaTON’s main reserve asset. This plan will also support yield generation through validation and staking while fueling projects within Telegram’s vast ecosystem.
Enzo Villani, incoming Executive Chairman and CIO, said, “By bridging traditional markets with this emerging ecosystem, we are positioning our shareholders to participate in the next major phase of digital asset adoption.”
Notably, the company’s stock rose more than 13% after the announcement and is up nearly 60% year-to-date, according to Yahoo Finance. Meanwhile, Toncoin itself gained about 1%, reflecting increased investor attention, according to CoinMarketCap
Kaiser, who is known for her work in data rights and blockchain advocacy, called the moment “an inflection point where digital communication, financial sovereignty, and user empowerment converge.” She added that the Telegram network combined with Toncoin’s blockchain creates “a future where users own their data and digital assets.”
AlphaTON has also brought in notable advisors, including Anthony Scaramucci of SkyBridge, Michael Terpin, and WallStreetBets founder Jaime Rogozinski. The firm announced partnerships with Animoca Brands and Crypto.com, alongside its financing agreements.
The strategy marks the company as the second publicly traded firm to launch a Toncoin treasury.
AlphaTON plans to earn from running validators while also backing apps, DeFi tools, and games built on the TON network.
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