TON version of MicroStrategy AlphaTON submits $420 million shelf registration application to the US SEC

On December 5, AlphaTON Capital Corp (stock ticker ATON), a TON token reserve company listed on Nasdaq, announced on Thursday that it has filed a $420.69 million shelf registration with the U.S. Securities and Exchange Commission. The funds will be used to support AlphaTON’s expansion into artificial intelligence and high-performance computing infrastructure, aiming to provide computing power for Telegram’s Cocoon AI network and to drive the company’s M&A strategy targeting “revenue-generating companies within the Telegram ecosystem.” AlphaTON noted that it has identified several “high-potential acquisition targets,” including startups focused on payments, content distribution, and blockchain services within The Open Network ecosystem. The funds will also be used to build AlphaTON’s reserves of TON tokens and “other related digital assets.” AlphaTON stated that it has converted most of its balance sheet assets into Toncoin and staked positions, while also exploring additional expansion opportunities.