AlphaTON Capital Reveals $100M Toncoin Treasury Plan for Telegram

• AlphaTON Capital pivots to blockchain with $100M digital asset strategy.
• Leadership redefined: Brittany Kaiser as CEO, Scaramucci advisory role.

On September 3, 2025, AlphaTON Capital Corp., a Nasdaq-listed company formerly known as Portage Biotech Inc., announced its transformative pivot from biotech to blockchain. The company unveiled plans to create a $100 million Toncoin treasury, aimed at providing public market investors exposure to The Open Network (TON) ecosystem and Telegram’s expansive platform with over one billion monthly active users.

Central to this strategy, AlphaTON plans to acquire Toncoin (TON) in a move reflecting its confidence in TON blockchain’s potential. The acquisition will be financed through a private placement of approximately 6.7 million ordinary shares at $5.73 each, raising $38.2 million. In parallel, BitGo Prime has extended a loan facility of up to $35 million, offering additional liquidity for the initiative.

Beyond the treasury, AlphaTON seeks to drive innovation in Telegram’s mini app ecosystem. It aims to incubate decentralized applications (dApps), targeting areas like decentralized finance (DeFi) and blockchain-based gaming. This investment highlights AlphaTON’s strategy to leverage Telegram’s massive user base to build out TON’s application landscape, as reported by Odaily.

To guide this transition, the company has appointed Brittany Kaiser, formerly a director at Gryphon Digital Mining, as its new CEO. Her leadership, combined with the advisory expertise of Anthony Scaramucci, founder of SkyBridge Capital, underscores AlphaTON’s commitment to forging a leading position in the blockchain sector. Additional advisors, including Michael Terpin and Jaime Rogozinski, amplify the company's strategic depth. Partnerships with Kraken, Animoca Brands, and BitGo further indicate a broad alignment with industry leaders.

This move also coincides with AlphaTON’s rebranding from Portage Biotech Inc., accompanied by a new stock ticker, "ATON," effective September 4, 2025. The name and branding reflect the firm's newly aligned focus on fostering innovation within Web3 and TON’s ecosystem.

As of September 3, 2025, at 15:09 UTC, Toncoin (TON) is trading at $3.189 with a 1.753% rise in its 24-hour trading volume, according to CoinMarketCap. The token’s fully diluted market capitalization is approximately $16.39 billion.