AlphaTON Buys $30M In Toncoin After $71M Raise

AlphaTON, the Nasdaq-listed firm aligned with Telegram’s ecosystem, has made its first major treasury purchase, acquiring $30 million in Toncoin.

The buy comes soon after AlphaTON closed a $71 million fundraising package, comprising a $36.2 million private placement and a $35 million loan facility arranged with BitGo Prime.

The company, recently rebranded from Portage Biotech, aims to expand its Toncoin reserves to $100 million by the end of 2025. CEO Brittany Kaiser said the initiative offers shareholders institutional-grade exposure to Telegram’s billion-user network and decentralized application potential.

Executive Chairman Enzo Villani emphasized that AlphaTON’s treasury strategy goes beyond passive holding, positioning the firm to participate in staking, validation, and broader ecosystem growth.

This marks one of the largest Toncoin acquisitions by a corporate entity. The move highlights increasing institutional interest in Telegram-linked projects, with AlphaTON seeking to anchor its corporate identity and future expansion strategy around Toncoin’s rapidly growing network.

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