Biotech Giant Portage Rebrands as AlphaTON Capital, Allocates $100M to Build Toncoin Treasury

[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN] Toncoin TON News - Portage Biotech is pivoting toward digital assets, rebranding as AlphaTON Capital Corp. and allocating $100 million to build a Toncoin (TON) treasury. The Nasdaq-listed firm will adopt the ATON ticker starting Thursday, maintaining its existing biotech operations while expanding into crypto. "TON represents the most significant opportunity for mass adoption of decentralized technologies," said incoming CEO Brittany Kaiser. The integration of TON with Telegram—boasting over 1 billion monthly users—and recent U.S. wallet availability position the asset for explosive growth, she added. Shares initially rose before closing slightly lower. Enzo Villani, CEO of Alpha Transform Holdings, will join Kaiser in leading the new venture.