Toncoin is in the spotlight as AlphaTON Capital announced a $420.69 million shelf registration to expand its token holdings and support projects within Telegram’s ecosystem. The funding move comes as the company aims to grow its treasury, invest in mini apps, and develop computing infrastructure tied to Telegram’s Cocoon network.
AlphaTON Moves Beyond SEC Limits
According to a report by TheBlock, AlphaTON stated that the registration frees it from the SEC’s “baby shelf” rules, which previously restricted how much smaller companies could raise using a Form S-3 shelf statement. With the new registration in place, the company can invest in Toncoin, support mini app projects, and pursue acquisitions within the Telegram ecosystem.
The funding will also support AlphaTON’s work on Telegram’s Cocoon network, a decentralized computing platform where users rent out GPUs in exchange for Toncoin. The company has already deployed Nvidia B200 GPUs to the network, creating an additional source of revenue.
Meanwhile, CEO Brittany Kaiser said the shelf registration allows the firm to act quickly on new opportunities and grow its role in digital infrastructure for the Telegram community.
Toncoin Treasury and Acquisitions
AlphaTON has been building a treasury of Toncoin and related digital assets since September, following a private placement of $36.2 million and a $35 million loan from BitGo Prime. The company said it plans to buy around $100 million worth of TON tokens and invest in the mini app ecosystem.
In addition, AlphaTON updated a deal to acquire 60 percent of mobile gaming platform GAMEE for $15 million. The firm also plans to buy GMEE and Watcoin tokens from the open market.
It is worth mentioning that alongside these moves, AlphaTON is preparing to launch a co-branded TON Mastercard through a partnership with PagoPay and ALT5 Sigma.
Growing Interest in Toncoin and Telegram Projects
Toncoin has become popular among users and investors alike. Telegram mini apps, such as Notcoin and Hamster Kombat, have attracted millions of players.
In addition to this, Venture firms including Benchmark, Draper Associates, CoinFund, Sequoia Capital, and SkyBridge have invested over $400 million in Toncoin and related projects. Coinbase Ventures is also reported to be a stakeholder.
At its peak, Toncoin ranked in the top ten by market cap, reaching $8.25, but it has since fallen to $1.80. As of writing, the price of Toncoin is trading at $1.58.
AlphaTON’s recent moves, including treasury growth and infrastructure investments, show a continued push to strengthen Toncoin’s presence in the Telegram ecosystem while building sustainable revenue streams.