Alpha Compute Corp. (Nasdaq: ALP) announced it has initiated the return of approximately $6 million worth of Toncoin (TON, now named GRAM) holdings to Brisk Thrive and Hogarth Ventures, affiliates of Animoca Brands, completing the wind-down of its legacy Digital Asset Treasury (DAT).

The company stated it will retain only about $200,000 worth of TON after the transaction, which is being returned to a final legacy shareholder through Telegram's Novation agreements. The return also removes liabilities tied to TON Put Options.

Alpha Compute rebranded from AlphaTON Capital Corp. in April 2026 and shifted its business model toward GPU-as-a-Service and confidential computing. The DAT had been a central feature of the prior business identity, which focused on holding Telegram-ecosystem tokens on the balance sheet.

Going forward, the company said it will hold GRAM tokens only as payment for compute services delivered to Telegram's Cocoon AI network, rather than as a balance-sheet investment position.

The company provided the following unaudited projected balance sheet figures following the DAT wind-down:

• Assets: $73.4 million
• Equity: $20.5 million
• Debt: $0.4 million
• GPU Lease Liabilities: $34.4 million
• Twelve-month forecasted revenue run rate: $23 million
• Shares outstanding: 72 million

"Returning the last of our TON closes the book on the treasury era. From here, the only Telegram tokens we hold are GRAM we have earned by delivering compute: consideration for work performed," said Enzo Villani, Executive Chairman and Chief Investment Officer.

CEO Brittany Kaiser said the wind-down changes how the company participates in the Telegram economy, not whether it participates, adding that Alpha Compute remains a compute provider to the Cocoon network.