TON-Based MicroStrategy AlphaTON Submits $420 Million Shelf Registration Statement to SEC

AlphaTON Capital Corp. — the Nasdaq-listed reserve firm for The Open Network (TON) token (ticker: ATON) — said Thursday it has filed a shelf registration statement with the U.S. Securities and Exchange Commission (SEC) for $4.2069 billion. The funds will support the company’s expansion into artificial intelligence (AI) and high-performance computing (HPC) infrastructure, which aims to provide computing power to Telegram’s Cocoon AI network. They will also fuel AlphaTON’s acquisition strategy targeting revenue-generating companies within the Telegram ecosystem. AlphaTON noted it has identified multiple high-potential acquisition targets, including startups focused on payments, content distribution and blockchain services within the TON ecosystem. The capital will also be used to build the company’s TON token reserve and reserves for other related digital assets. Additionally, the firm has converted most of its balance sheet assets into Toncoin and staking positions, while exploring further expansion opportunities.