AlphaTon Capital Shares Surge on TON Treasury Announcement

The company, which will operate under the ticker "ATON" starting Sept. 4, will manage TON network infrastructure, it said. AlphaTON Capital, a Nasdaq-listed company newly rebranded from Portage Biotch (PRTG), said it will purchase about $100 million worth of toncoin TON$3.1945 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. 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. https://www.coindesk.com/business/2025/09/03/alphaton-capital-shares-surge-on-ton-treasury-announcement #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple