Another publicly listed company is moving to the Digital Asset Treasury market, which targets exposure to the open native coin network, even though the price of the token continues to collapse.
In an announcement on Thursday, Alphaton, former Portage Biotech, said it bought $ 30 million worth of Toncoin (Ton) tokens as part of crypto accumulation approach. The token dropped almost 13% in the last month.
In purchase, Alphaton became second to Toncoin dedicated to digital asset treasury (DAT), joined the Ton Strategy CO, which was rebuilt from the Verb Technology Company in August.
To a press ReleaseThe company said it plans to build its treasury to $ 100 million in ton ton by the end of 2025. The Alphaton’s sharing drops nearly 9.6% within 24 hours of writing, according to Yahoo Finance.
Behind the company’s move is Brittany Kaiser, a former board member of Bitcoin Mining Company Gryphon Digital. According to During a September filing with the US Securities and Exchange Commission, the company has “researched and developed immune oncology treatments” since 2019.
Ton Crypto Treasury is one of the “main lines of business.”
The number of public companies that pivoting to become dats was selected in 2025. Michael Saylor, executive chairman of the approach, started the trend in 2020 When the company made its first bitcoin (Btc) Purchase.
The approach of ton Purchase of $ 713 millionand now holds around 217.5 million Tokens. Its stock performance also struggles, falling over 65% in the past Moon.
Both companies follow a similar playbook of aging and staking tons, although Alphahaton emphasizes the investment of the ecosystem, while the ton approach features a without-leverage, long-term handling model.
The cointelegraph reached the ton approach company for comment, but did not receive a response at the time of publication.
Related: The exclusive of ton telegram ‘not a limit but a necessity’
TONs struggle to recover momentum despite the backbone
The open network is a decentralized blockchain developed by Telegram in 2018 and is now running independently tonne FoundationThat supports the growth of the ecosystem but does not control the network’s open-source technology.
On January 21, Telegram announced that it would lower support for all other blockchains and exclusively open network Infrastructure for Mini App Ecosystem In collaboration with the Ton Foundation.
However, even in growing network activity And over $ 400 million in investments from many venture capital companies in March, tonic prices have not been managed to rebel.
Altcoin traded at $ 2.75 at the time of writing, down almost 50% year-to-date, and retreated more than 25% over the past six months, according to TradingView Data.
In 2025 the dats expanded beyond bitcoin and ether (Eth), with altcoins such Dogecoin (Doge) Solana (Sol) Avalanche (Avax) and many other cryptocurrencies are emerging as reserves assets of companies that are publicly exchanged.
In recent weeks, however, the Standard Chartered warned that Market Net Asset (MNAV) values of many Digital Asset Treasury has fallen, leaving smaller companies more vulnerable.
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