TON-Based MicroStrategy AlphaTON Submits $420 Million Shelf Registration Statement to SEC
BlockBeats News, December 5th, AlphaTON Capital Corp, the TON ef="/wiki/article/token-259">token reserve company listed on Nasdaq (stock code ATON), announced on Thursday that it has submitted a shelf registration application to the U.S. Securities and Exchange Commission for $4.2069 billion. The funds will be used to support AlphaTON's expansion into artificial intelligence and high-performance computing infrastructure, aimed at providing computing power to Telegram's Cocoon AI network and driving the company's acquisition strategy for "revenue-generating companies within the Telegram ecosystem."
AlphaTON noted that the company has identified multiple "high-potential acquisition targets," including startups focusing on payments, content distribution, and blockchain services within The Open Network ecosystem. The funds will also be used to build AlphaTON's TON token reserve and reserves for "other related digital assets."
AlphaTON has indicated that it has converted most of its balance sheet assets into Toncoin and staking positions while exploring additional expansion opportunities.
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