AlphaTON announced the TON fund strategy after raising 71 million USD.

AlphaTON Capital, a digital asset management company listed on Nasdaq, has just released a detailed update on its balance sheet, showing how the company has utilized its capital since completing a $71 million fundraising round earlier in September.

The company stated that most of the assets have been transferred into Toncoin (TON) and staking positions, while also expanding into gaming, media, and payment sectors associated with the Telegram and TON ecosystem.

With 30 million USD in the initial investment in digital assets, AlphaTON currently reports an estimated value of 28.6 million USD, equivalent to approximately 1.4 million USD in unrealized losses due to the sharp decline in the price of TON over the past two months.

AlphaTON stock ( code ATON) hit a low of 2.86 USD on Tuesday before recovering to 3.12 USD, while Toncoin is trading at 1.74 USD, down over 68% compared to the same period last year.

The latest update shows that AlphaTON is trading at 0.70 mNAV, meaning the stock is valued at about 70% of the underlying asset value, even as the company continues to increase its TON position. Since completing the funding round, AlphaTON has added 1.6 million TON to its portfolio, staking 4 million TON through P2P.org and utilizing 2.1 million USD of its 35 million USD borrowing limit from BitGo. The company also received an additional 18.5 million USD from ATW Partners to expand its accumulation purchases.

Expanding the TON ecosystem

In addition to fund management, AlphaTON is carrying out several deals related to the mini-app ecosystem of Telegram and TON. The company is amending the agreement to purchase 60% of the mobile gaming platform GAMEE for 15 million USD, expected to be completed by the end of the year, and plans to spend an additional up to 4 million USD to buy GMEE and Watcoin tokens in the market after the deal is finalized.

AlphaTON has also partnered with PagoPay and ALT5 Sigma to issue a co-branded TON Mastercard in December, allowing direct spending from crypto to fiat.

In addition, the company continues to manage its legacy biomedical assets through AlphaTON Health, including a cancer program expected to launch clinical trials in Australia and the US next year. The company is also deploying a claims processing platform based on TON in collaboration with Health In Tech.

Toncoin is the native token of The Open Network, a high-speed blockchain closely integrated with Telegram's mini-app ecosystem, used for transaction fees, staking, and activities within the application.

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