AlphaTON Capital Corp, a Nasdaq-listed company, has completed a $71 million financing round to bolster its role in the Telegram Open Network (TON) blockchain ecosystem. The funding, finalized on September 25, 2025, includes $36.2 million from a private placement of approximately 6.3 million common shares at $5.73 each, and a $35 million loan facility with BitGo Prime.
AlphaTON has already deployed $30 million from the proceeds to directly purchase TON tokens, positioning itself as a major holder. The company aims to build a $100 million TON-denominated treasury by Q4 2025, which will fund validator operations, staking, and infrastructure investments crucial to TON's expansion.
TON blockchain benefits from integration with Telegram, which has over 900 million monthly active users, enabling scalable adoption of decentralized apps and payments. AlphaTON's strategy involves partnerships with firms like BitGo, Animoca Brands, Kraken, and DWF Labs, highlighting institutional confidence in TON's long-term viability.