AlphaTON Capital Corp. (ATON), a Nasdaq-listed firm, experienced a 4.12% stock decline to $2.7423 per share, yet continues its aggressive pivot into digital assets following a $71 million PIPE funding closure on September 25, 2025. The company has rapidly deployed capital, amassing a digital asset treasury valued at $28.6 million, primarily consisting of TON Coin and USD1, while trading at a 0.70 mNAV multiple. AlphaTON added 1.6 million TON to its holdings and staked 4 million TON via P2P.org to generate network yields, utilizing a $35 million BitGo lending line and securing an $18.5 million equity line from ATW Partners for further accumulation.
Strategic expansions include a binding agreement to acquire a 60% stake in mobile gaming platform GAMEE for $15 million, expected to close by December 31, 2025, with plans for up to $4 million in open-market purchases of GMEE and Watcoin tokens. AlphaTON also acquired Blockchain Wire to launch a cryptographically verified news service by Q1 2026. Partnerships drive ecosystem growth: an alliance with SingularityNET, CUDO Compute, and Vertical Data for Telegram's 'Cocoon AI' project; a joint venture with PagoPay and ALT5 Sigma to introduce the TON Mastercard in December 2025, enabling crypto-to-fiat spending; and validator node management with P2P.org for enhanced security. Despite TON's price drop of over 68% year-over-year to $1.74, AlphaTON's debt-to-equity ratio remains low at 7%, underscoring financial stability amid its digital asset buildup.
