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The company, which will operate under the ticker “ATON” starting Sept. 4, will manage TON network infrastructure, it said.
By Francisco Rodrigues, AI Boost|Edited by Sheldon Reback
Updated Sep 3, 2025, 3:09 p.m. Published Sep 3, 2025, 2:30 p.m.
- AlphaTON Capital, newly rebranded from Portage Biotch, plans to buy $100 million worth of toncoin (TON) to build a digital asset treasury firm.
- The company’s shares rose 14%.
- The company, which will operate under the ticker “ATON” starting Sept. 4, will manage TON network infrastructure, incubate applications within Telegram’s ecosystem and generate token staking rewards, it said.
- AlphaTON secured $38.2 million through a private placement and appointed Brittany Kaiser as CEO.
AlphaTON Capital, a Nasdaq-listed company newly rebranded from Portage Biotch (PRTG), said it will purchase about $100 million worth of toncoin TON$3.1835 to build a digital asset treasury firm offering exposure to the token.
The firm will operate under the ticker “ATON” starting Sept. 4. It plans on managing TON network infrastructure and incubating applications within the Telegram messaging system’s ecosystem, while also generating token staking rewards.
STORY CONTINUES BELOW
The company’s shares, still trading under the PRTG ticker, rose 14% to $7.91.
The TON blockchain is a community-driven project supported by open-source developers after Telegram developed the original TON blockchain in 2018, but dropped it following regulatory pressured in 2020. Telegram CEO Pavel Durov endorsed the now independent project in 2021.
AlphaTON’s treasury strategy comes with a loan facility from BitGo for $35 million to accelerate token acquisition and staking operations.
The company named Brittany Kaiser as CEO. She joins Enzo Villani, a Nasdaq Global Corporate Solution co-founder, who will serve as executive chairman.
To fund the TON purchase, AlphaTON secured $38.2 million through a private placement. The loan from BitGo will be collateralized by TON tokens and is due in six months.
UPDATE (Sept. 3, 15:08 UTC): Adds fourth paragraph on TON blockchain’s link history Telegram.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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