AlphaTON Files $420.69M Meme Shelf Registration to Support Token and Telegram AI Investments

Highlights:

• AlphaTON has exited the US SEC baby shelf rules, eliminating limitations to its fundraising capacity.
• The digital asset firm has also submitted a meme shelf statement worth $420.69 million to the SEC.
• AlphaTON plans to pursue strategic investments to expand its support for the Telegram ecosystem and revenue generation. 

According to a press release on December 4, AlphaTON Capital Corp, a digital asset technology firm focused on the Telegram and TON ecosystems, announced that it has exited the United States Securities and Exchange Commission’s (SEC) “baby shelf rules.” Aside from exiting the rules, the company filed a $420.69 million shelf registration statement with the US regulators. AlphaTON’s Chief Executive Officer (CEO), Brittany Kaiser, described the move as an important milestone for the company, adding that it will boost AlphaTON’s fundraising capacity.

AlphaTON Capital files for $420.69M SEC shelf registration to fund AI infrastructure for Telegram's ecosystem and target TON-based acquisitions. pic.twitter.com/jH5TceoQou

— Daily (@the_daily_ton) December 5, 2025

AlphaTON Targets Strategic Expansion

AlphaTON plans to use the proceeds from its latest filing to expand Artificial Intelligence (AI) and high-performance computing (HPC) infrastructures. In addition, the company will expand its existing partnership with CUDO Compute and AtNorth data centres, including the deployment of more Nvidia B200 GPUs. With rising demand for distributed GPU networks, AlphaTON aims to become a leading infrastructure provider for decentralized AI computing. 

The company also plans to acquire revenue-generating entities that are already operating within the Telegram ecosystem. These will include payment services, content platforms, and blockchain-related tools. AlphaTON will also partner with top Telegram-based apps and platforms across fintech, gaming, health, and sports to generate quick cash flow while expanding its presence across Telegram.

Meanwhile, the company plans to continue purchasing TON tokens and other Telegram-linked digital assets like GAMEE, as part of its efforts to expand the TON/Telegram/Cocoon network.

The company’s CEO confirmed these strategic investments in a statement:

“We are seeing exceptional demand for GPU compute power within the Cocoon AI network, and simultaneously, we’re identifying high-quality revenue-generating businesses in the Telegram ecosystem that align with our strategic vision.”

𝐓𝐇𝐄 𝐅𝐔𝐒𝐈𝐎𝐍 𝐎𝐅 𝐅𝐈𝐍𝐀𝐍𝐂𝐄, 𝐀𝐈 𝐀𝐍𝐃 𝐌𝐀𝐒𝐒𝐈𝐕𝐄 𝐒𝐂𝐀𝐋𝐄

Today marks a major milestone for AlphaTON Capital.

AlphaTON Capital Files $420.69M Shelf Registration to Accelerate AI Infrastructure and Telegram Ecosystem Growth

This capital strategy… pic.twitter.com/Od0r1J8QcG

— AlphaTON Capital (@AlphaTONCapital) December 4, 2025

In September 2025, AlphaTON rebranded from Portage Biotech Inc. This marked its official transition from a biotechnology to a digital assets-focused company, as it began trading on Nasdaq with the ticker symbol ATON on September 4. Within the same period, the company also announced a financing plan to purchase $100 million worth of TON tokens. 

Meanwhile, on September 26, AlphaTON reported that it had completed a $71 million financing round and purchased its first set of TON tokens worth $30 million. The financing round included $36.2 million raised from a private placement of 6.32 million shares at $5.73 each. The remaining $35 million came from a loan facility with BitGo Prime, a crypto lending brokerage.

TON’s Price Dips as AlphaTON Files Meme Shelf Registration Statement

At the time of writing, TON is trading at $1.58, following a 2.7% decline in the past 24 hours with a market cap of $3.87 billion and a trading volume of $87.56 million. In its 7-day-to-date price change variable, the asset declined by 2.1%, with price extremes fluctuating between $1.46 and $1.66.

Other extended metrics, including TON’s month-to-date and year-to-date data, reflected declines of about 18% and 77%, respectively. TON’s supply inflation remains low at 4.08% with a very high volatility of 12.26%. TON is trading below its 200-day Simple Moving Average (SMA) with 14 profitable days in the past month.