AlphaTON Capital Corp said today it closed two financings and used part of the proceeds to buy about $30M worth of TON tokens, setting up a core treasury position and lining up partners to carry out its plan.
The company raised roughly $36.2M by selling about 6.32 million ordinary shares, secured a $35M loan, and completed its first major TON purchase to gain exposure to Telegram’s user base.
The deals were done through private placement and a loan facility, and AlphaTON says the funding will back token staking, network validation, and future investments in the Telegram mini app space.
Deals and token purchase
AlphaTON sold about 6.32 million ordinary shares, or pre-funded warrants in some cases, at $5.73 per share. That round brought in about $36.2M in gross proceeds. The company also closed a $35M loan facility with BitGo Prime, LLC.
With money from those transactions, AlphaTON bought roughly $30 million in TON tokens for its initial treasury tranche. The firm now ranks among the larger holders of TON worldwide, the company said.
The financing and token purchase strengthen AlphaTON’s balance sheet. The company plans to keep building its TON reserve.
Its stated goal is to grow the treasury to $100M in TON by Q4 of calendar year 2025. AlphaTON will also use the funds to start staking and network validation work that can generate yield.
Strategic partners and advisors
AlphaTON listed a range of partners across traditional and crypto finance. These include BitGo, Animoca Brands, Kraken, SkyBridge Capital, DWF Labs, DNA, Crypto.com, P2P, TwinStakes, and Alpha Sigma Capital.
Chardan served as the exclusive placement agent for the private placement. Several law firms advised on the transactions, including Hogan Lovells US LLP, Golenbock Eiseman Assor Bell & Peskoe LLP, Forbes Hare LLP for BVI matters, and Lucosky Brookman LLP for Chardan.
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The company said these relationships will help it vet investment opportunities and run treasury operations. AlphaTON’s leadership emphasised that these links give the company access to market know-how and execution support as it grows its holdings.
Leadership and strategy
AlphaTON is led by CEO Brittany Kaiser, with Enzo Villani as Executive Chairman and CIO, and Yury Mitin as Chief Business Development Officer. The company highlighted its advisory network, naming figures such as Anthony Scaramucci, Michael Terpin, and Jaime Rogozinski.
Operational and market outlook
AlphaTON said it now has the runway to hire staff and build treasury management processes.
The company expects staking and validation to supply steady revenue as it scales. It will also seek projects in decentralised finance and mini apps on Telegram that match its investment criteria.
The firm stated that Telegram’s large user base offers an unusual chance for tools and services to reach many people. AlphaTON believes that having a large TON position positions it to take part in that growth.
Extra market note
UnoCrypto earlier reported that Telegram co-founder Pavel Durov drew attention to a major market move, and that US-listed company Verb Technology committed $558M to acquire Toncoin. AlphaTON did not link its actions to those events, but the report adds broader market context for TON token demand.
AlphaTON said it will start staking and network validation work soon. It also plans to hunt for investment targets inside the TON mini app space and form developer partnerships.
The company pledged to give shareholders regular updates on the treasury and its progress.
With fresh capital in hand and an initial $30M token holding, AlphaTON has opened the next chapter of its plan. The firm now needs to show it can run staking operations, pick sound projects, and grow the treasury toward its $100M target.