Recently, an increase in the number of Crypto finance companies has chosen many Altcoin after Bitcoin and Ethereum as part of their strategy.
At this point, Altcoins such as Solana, XRP, and Dogecoin are on the forefront, but other Altcoins have also received a huge amount of investment.
One of these altcoins was Toncoin.
In early September, NASDAQ-registered company Alphaton Capital announced the launch of plans to acquire $100 million worth of Toncoins and create a Ton-centric Digital Asset Treasury.
The company, formerly known as Portage Biotech Inc., has also announced its name change to Alphaton Capital.
The company took early action on ton investment and bought the first ton.
According to an official statement, Alphaton announced it had completed its $71 million funding round and made its first $30 million acquisition.
With this acquisition, Alphaton Capital will become one of Ton's largest global shareholders.
The company plans to increase the TON Treasury Department to $100 million by the end of 2025.
Brittany Kaiser, CEO of Alphaton, highlighted the company's commitment to building Telegram's Decentralized Applications (DAPPS) infrastructure, saying, “We're not just building a Treasury Department. We're investing in infrastructure where billions of users truly own digital lives.”
*This is not investment advice.
