The founder of popular messaging app Telegram shared his crypto portfolio. According to the details, Pavel Durov is also reaching out to various technology sectors apart from cryptocurrencies.
Telegram founder Pavel Durov owns these cryptocurrencies
Telegram has raised $210 million this week from a number of investors, including its founder Pavel Durov, Techcrunch reports. The funding in question came from the company’s bond sales. Used by more than 800 million users each month, the messaging app has raised capital by issuing $270 million in bonds.
The details that emerged with this development shed light on the acquisition investments of founder Pavel Durov. Chinese crypto researcher Wu Blockchain reports that Durov personally owns nothing except Telegram, some Bitcoin and some Toncoin. In a nutshell, Durov prefers to only hold cryptocurrencies, except for the app he actually owns. In addition, he recommends investing in a house or plane…
Telegram CEO Pavel Durov stated that while some people suggest investing in houses or airplanes, he personally owns nothing except for Telegram, some bitcoins, and some Toncoin. This week, Telegram raised $210 million through a bond issue, with Pavel Durov personally buying…
— Wu Blockchain (@WuBlockchain) July 19, 2023
According to Wu Blockchain’s report:
While Telegram CEO Pavel Durov suggested that some people invest in a house or plane, he stated that he personally owns nothing but Telegram, some bitcoin and some Toncoin. This week, Telegram raised $210 million through a bond issue, of which Pavel Durov personally bought about a quarter. In the last two and a half years, Telegram has gained over 300 million users, attracting 2.5 million new registered users per day, and now has over 800 million monthly active users.
Telegram has continued to grow despite its strong rivals in recent years.
Telegram has grown rapidly in recent years, even as new social offerings continue to mushroom. The app has added more than 300 million users over the past two and a half years. New attracts 2.5 million new registrations every day.
By the way, founder Durov mentioned that Telegram is still not profitable. He also said that the new funding aims to get him closer to the “break-even” point. Thus, he claims his app is “closer to profitability in absolute numbers” than competitors like Twitter and Snap.
In addition, Durov said that “well-known funds with star reputations” bought the bonds. Telegram’s Hyman added that these backers are “highly sophisticated global funds specializing in bonds.”
Telegram launches cryptocurrency payments
Telegram has announced that it has started to accept payments in USDT, Bitcoin (BTC) and Toncoin (TON) through its application for a short time. Users will be able to receive their payments by integrating these cryptocurrencies, especially through Telegram bots. This move shows that Telegram aims to make crypto payments more mainstream. However, what the company wanted to do with TON was stalled in 2020 due to legal battles with the SEC.
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