AlphaTON Capital invests 100 million USD to establish a Toncoin (TON) treasury

The company listed on Nasdaq, #AlphaTONCapital (ATON), has just announced plans to purchase 100 million USD worth of Toncoin (TON) to build a digital treasury and develop applications on Telegram. This move marks the company's official name change and strategic shift towards the TON ecosystem.

Strategy and Funding

To finance the purchase of $TON , AlphaTON has raised 38.2 million USD through a private placement and borrowed an additional 35 million USD from BitGo Prime. The company will implement three main directions: accumulating TON, earning yields through network validation and staking, and developing mini apps, DeFi, and gaming applications on Telegram. The goal is to turn the TON ecosystem into a "crypto layer" integrated right within this global messaging application.

Potential and Impact

AlphaTON is the second publicly listed company after #VerbTechnology to buy TON on a large scale, indicating a growing trend among institutions to build "digital treasuries" using TON. Experts believe that the combination of Telegram with over 1 billion users and TON's technology will usher in a wave of large-scale decentralized applications, helping TON potentially become one of the top 10 blockchains in the world. Immediately following this news, AlphaTON's PRTG stock price surged by about 15%, indicating market enthusiasm for this new strategy. #anh_ba_cong