Nasdaq-Listed TON Reserve Firm AlphaTON Files $420.69M Shelf Registration

AlphaTON Capital Corp (ATON), a TON token reserve company trading on Nasdaq, filed a $420.69 million shelf registration statement with the U.S. Securities and Exchange Commission on Thursday. The proceeds will fund expansion of artificial intelligence and high-performance computing infrastructure to provide computational power for Telegram's Cocoon AI network and support the firm's acquisition strategy targeting revenue-generating companies in the Telegram ecosystem. AlphaTON has identified multiple acquisition targets, including startups focused on payments, content distribution, and blockchain services within The Open Network ecosystem, and will use the capital to build reserves of TON tokens and related digital assets. The company has converted most balance sheet assets into Toncoin and staking positions.