AlphaTON announces $420 million to boost TON's AI and treasury

Source: PortaldoBitcoin Original Title: AlphaTON announces US$420 million to boost AI and TON treasury Original Link: AlphaTON Capital, a Nasdaq-listed company involved in digital infrastructure and TON’s treasury, opened a new chapter of expansion by filing a (shelf registration) for US$420 million with the U.S. Securities and Exchange Commission (SEC).

According to Thursday’s (4) filing, the funds are intended to finance the expansion of artificial intelligence infrastructure and high-performance computing powering Cocoon—Telegram’s decentralized AI network—as well as support a mergers and acquisitions strategy within the ecosystem.

The company stated that this move was only possible because AlphaTON is no longer subject to rules that restrict smaller companies’ fundraising via the S-3 form—a mechanism widely used by crypto treasuries.

For CEO Brittany Kaiser, overcoming this barrier marks “an important milestone in transforming AlphaTON into a leading infrastructure provider for the next generation of decentralized AI.”

The company says it has already identified several potential acquisitions, including payment startups, content distribution, and blockchain services integrated with the TON ecosystem. Part of the capital will also bolster Toncoin’s own treasury and other digital assets.

AlphaTON has been ramping up its presence in TON. In November, the company allocated most of its balance sheet to Toncoin positions and staking. The company also adjusted the agreement to acquire 60% of the GAMEE gaming platform for US$15 million and plans to buy up to US$4 million in other tokens.

Another recent move was the planned December launch of a TON Mastercard card. On Monday, the company announced the installation of Nvidia B200 GPUs on the Cocoon network, creating a new revenue stream by processing queries in exchange for Toncoin rewards.

The Open Network ecosystem, driven by “mini apps” like Notcoin and Hamster Kombat, remains one of the industry’s most important, despite Toncoin’s price dropping nearly 80%.

For those interested in AlphaTON Capital’s new venture, the company will host an AMA (acronym in English for ‘Ask Me Anything’) on December 11 at 16:30 UTC (13:30 Brasília time).