Alphaton Capital, a NASDAQ-listed company recently transformed from Portage Biotch (Prtg)said it will buy about $ 100 million worth of Toncoin To build a digital asset contact company that offers exposure to the token.
The company will operate under the ticker “Aton” from September 4th. It plans to manage TONT -Network Infrastructure and the incubation of applications within the Telegram Messaging System’s ecosystem while generating the token stake wages.
The company’s shares that are still trading under the PRTG ticker rose 14% to $ 7.91.
Ton Blockchain is a community-driven project supported by Open Source developers after Telegram developed the original Ton of Blockchain in 2018, but fell under the legislative pressed in 2020. Telegram CEO Pavel Durov approved the now independent project in 2021.
Alphaton’s Treasury strategy comes with a loan facility from Bitgo for $ 35 million to speed up token acquisition and effort operations.
The company appointed Brittany Kaiser as CEO. She joins Enzo Villani, a Nasdaq Global Corporate Solution co -founder who will serve as executive chairman.
To finance the ton -purchase, Alphaton secured $ 38.2 million through a private location. The loan from BitGo will be security absorbed by ton -tokens and is expected in six months.
Update (3. September 15:08 UTC): Adds the fourth paragraph to Ton Blockchain’s Link History Telegram.
