Telegram CEO Reveals Ownership of ‘Some Bitcoin and Some TonCoin’

Telegram Issues $270 Million Bonds

In a post on his official Telegram channel on Tuesday (July 18, 2023), Pavel Durov highlighted the growth of the instant messaging platform, stating that the app recorded over 800 million monthly active users earlier in the year, with over 2.5 million new daily signups.

While the platform is yet to hit profit, Durov claimed that his company is “closer to profitability in absolute numbers than its competitors such as Twitter and Snap.”

Durov also announced that his company issued Telegram bonds worth $270 million this week to fund growth and attempt to break even. While the CEO did not mention the investors in the bond, saying instead that they are “well-known funds with stellar reputations,” the Telegram chief said he purchased a quarter of the bonds as a way of investing in the platform’s growth.

https://cryptopotato.com/telegram-ceo-reveals-ownership-of-some-bitcoin-and-some-toncoin/