AlphaTON Clears SEC Limits, Files $420.69M Shelf as It Ramps Up TON + AI Expansion
AlphaTON is entering its next major growth phase after officially exiting the SEC’s “baby shelf rules,” unlocking far greater freedom to raise capital in U.S. markets. With its public float now above $75 million, the company has filed a $420.69 million shelf registration, giving it the ability to issue securities whenever needed.
Why This Matters
The new shelf dramatically increases AlphaTON’s access to capital at a time when demand for AI compute and TON-based infrastructure is accelerating. The company can now raise funds through common stock, preferred shares, debt, warrants, or mixed offerings across multiple rounds, adjusting issuance to match market conditions.
Key Expansion Priorities
AlphaTON says the newly unlocked fundraising capacity will support:
- Scaling GPU infrastructure for Telegram’s Cocoon AI, including more Nvidia B200 deployments.
- Acquisitions of revenue-generating startups inside the Telegram and TON ecosystem, focusing on payments, fintech, blockchain-enabled tools, content platforms, and gaming.
- Broader AI and HPC buildout, supported by partners such as CUDO Compute and AtNorth.
CEO Brittany Kaiser says the change allows AlphaTON to “move quickly and decisively on transformational opportunities,” citing skyrocketing GPU demand across the Cocoon AI network.
Deepening TON Strategy
AlphaTON is also continuing to grow its TON-linked digital asset treasury. The company holds TON, GAMEE, and other ecosystem tokens, and operates validator and staking systems for ongoing yield.
Since rebranding from Portage Biotech in September 2025, AlphaTON has positioned itself as a major infrastructure and investment player for the TON and Telegram economy — now approaching 1 billion monthly active users.
Momentum Building Ahead of 2026
Recent milestones point toward an aggressive buildout:
- First deployment of Nvidia B200 GPUs for Cocoon AI
- Plan to accumulate Telegram-linked bonds
- Launch of a $15.3M ATM equity program
- Securing $82.5M dedicated to GPU infrastructure
With the new $420M shelf registration, AlphaTON now has the liquidity flexibility to scale faster and acquire prime strategic assets across AI, blockchain, and Telegram-native services.
