Telegram CEO Pavel Durov Holds Bitcoin and Toncoin, Buys Telegram Bonds
Telegram founder and CEO Pavel Durov has revealed that he holds bitcoin and Toncoin, as well as purchasing a quarter of new Telegram bonds. In a recent post on his official Telegram channel, Durov highlighted the growth of the messaging platform, with over 800 million monthly active users and 2.5 million daily signups. While the company is not yet profitable, Durov claims they are closer to profitability than competitors like Twitter and Snap. To fund growth and break even, Telegram issued $270 million in bonds this week. Durov did not disclose the investors in the bond but stated that he personally purchased a quarter of them.
Key points:
– Telegram has over 800 million monthly active users and 2.5 million daily signups.
– Telegram bonds worth $270 million were issued to fund growth and break even.
– Pavel Durov purchased a quarter of the bonds as an investment in the platform’s growth.
– Durov holds bitcoin and Toncoin, but the amounts were not disclosed.
– Telegram recently added a feature for users to buy, swap, and transact USDT on the Tron network.
Hot Take:
Pavel Durov’s disclosure of holding bitcoin and Toncoin, as well as his investment in Telegram bonds, demonstrates his confidence in the growth and potential profitability of the messaging platform. With a large user base and plans for non-custodial wallets and a decentralized exchange, Telegram seems poised to continue its expansion in the crypto space. Durov’s decision to invest in the platform’s growth rather than personal assets showcases his dedication to Telegram’s success.
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