AlphaTON Capital takes 51% stake in Animoca’s GAMEE arm
The post AlphaTON Capital takes 51% stake in Animoca’s GAMEE arm appeared on BitcoinEthereumNews.com.
AlphaTON Capital, a TON treasury company, has signed a non-binding letter of intent to acquire a controlling interest in mobile gaming firm GAMEE, a wholly owned subsidiary of Animoca Brands. Summary AlphaTON Capital has signed a non-binding letter of intent to acquire a 51% stake in Animoca Brands’ gaming subsidiary GAMEE. The deal includes plans to acquire $4 million worth of GMEE and WAT tokens from the open market. AlphaTON shares initially slipped, but rebounded in after-hours trading following the announcement. According to a Sep. 30 announcement, the letter of intent includes equity and token investments in GAMEE, which is a high-engagement mobile gaming platform and web3 ad network built on the TON blockchain with over 119 million registered users and a strong foothold within the Telegram ecosystem. For AlphaTON, the acquisition is touted as part of the company’s broader strategy to accelerate Web3 adoption across Telegram’s billion-user network by backing high-traction platforms that can drive engagement, token utility, and ecosystem growth within the TON blockchain. As part of the LOI, AlphaTON would acquire a 51% equity stake in GAMEE along with 51% of the GMEE and WAT tokens held in the company’s treasury. The company will also purchase another $3 million worth of GMEE and $1 million worth of WAT on the open market. GMEE is the native token for GAMEE’s gaming ecosystem and supports rewards and governance on the platform. Meanwhile, WAT is a community-first token for WatBird, a gaming project incubated within the GAMEE ecosystem. If the transaction, which is pending customary closing conditions and final definitive agreements, is completed, it would make GAMEE “the first Nasdaq-listed Web3 gaming company with gaming assets listed on a major exchange,” according to Animoca Brands executive chairman Yat Siu. “We believe GAMEE can facilitate the mass adoption of open-source and…
Filed under: News - @ October 1, 2025 6:28 am