AlphaTON Raises $71M for Toncoin Treasury, Targets $100M by 2025
AlphaTON Capital has raised $71 million to build its Toncoin treasury within Telegram’s ecosystem. The $36.2 million equity round sold 6.32 million shares at $5.73 each, complemented by a $35 million loan facility from BitGo Prime. AlphaTON deployed an initial $30 million to purchase Toncoin, aiming to expand its Toncoin treasury to $100 million by Q4 2025. The treasury strategy includes direct token acquisition, network validation, staking operations, and DeFi integrations. AlphaTON aims to underpin dApp development across Telegram’s one-billion-user mini-app environment. Strategic partners such as BitGo, Animoca Brands, SkyBridge Capital, Kraken, Crypto.com and DWF Labs back the initiative. This fundraising underscores rising institutional demand for Toncoin as an application layer and payment solution, following similar treasury moves by Verb Technology and Kingsway Capital.
Bullish
The significant $71M capital raise and $30M initial Toncoin purchase demonstrate strong institutional confidence. Expanding the Toncoin treasury to $100M by 2025, coupled with strategic staking and DeFi plans, will increase token demand and market liquidity. Key partner backing further legitimises Toncoin as a payment and application layer. While broader market conditions remain important, this institutional commitment is likely to drive Toncoin’s short-term price upside and support long-term value growth, suggesting a bullish market outlook.