AlphaTON Capital, formerly known as Portage Biotech, has announced the launch of its TON digital asset strategy, acquiring approximately $100 million in Toncoin (TON). This acquisition is facilitated through private equity financing and a loan from BitGo. The company aims to establish a corporate treasury for TON, focusing on token reserves, network verification, and ecosystem project incubation to support Telegram's ecosystem applications.
Brittany Kaiser will lead as CEO, with Enzo Villani as Executive Chairman. AlphaTON Capital has formed strategic partnerships with BitGo, Animoca Brands, and Kraken. The company's stock will begin trading under the new ticker symbol "ATON" on September 4th.
AlphaTON Capital Launches TON Strategy with $100M Acquisition
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.