Telegram CEO Pavel Durov invests in company’s growth with $270 million bond issue
Messaging platform Telegram has issued $270 million in bonds to fund its growth until it reaches the break-even point, according to CEO Pavel Durov. Durov personally invested tens of millions into Telegram’s growth, in addition to the hundreds of millions he has spent over the last decade. The platform is currently onboarding 2.5 million new users per day and has 800 million monthly active users.
Main breakdowns:
- Telegram issued $270 million in bonds to fund its growth
- CEO Pavel Durov personally invested in the bonds and has spent hundreds of millions on Telegram in the past
- Telegram is onboarding 2.5 million new users per day and has 800 million monthly active users
- Telegram was popular among crypto enthusiasts due to its failed attempt to launch its own token, GRAM
- Toncoin, a spinoff project related to Telegram’s crypto efforts, saw a 1% increase following the announcement
Despite suggestions to invest in other assets, Durov remains focused on his work and holds investments in Telegram, Bitcoin, and Toncoin.
Hot Take:
Pavel Durov’s personal investment in Telegram’s growth through the bond issue demonstrates his commitment to the platform’s success. With its massive user base and ongoing developments in the crypto space, Telegram continues to be a key player in the messaging industry.
By
By
By
By
By