Telegram's Crypto Holdings Reach $400 Million
Telegram's revenue from cryptocurrencies soars, with Pavel Durov gifting $300,000 in Toncoin and strategically selling assets before a market crash.
Highlights:
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Over 40% of Telegram's revenue comes from crypto activities.
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Durov purchased Telegram Premium subscriptions using Toncoin.

Telegram, the popular messaging platform founded by Pavel Durov, has emerged as a significant player in the cryptocurrency space, holding nearly $400 million in digital assets as of 2023. According to a report by the Financial Times, over 40% of Telegram's revenue, which totaled $342.5 million last year, is derived from crypto-related activities, including its integrated wallet and the sale of collectibles, primarily paid for in Toncoin (TON).

Durov has been proactive in promoting the platform's crypto features, recently purchasing $300,000 worth of Telegram Premium subscriptions as gifts, using Toncoin for the transactions. This move highlights Telegram's commitment to integrating cryptocurrency into its business model.

Despite these advancements, Telegram faces challenges, including Durov's recent arrest in France over allegations of failing to control criminal content on the platform. This situation has raised concerns about the company's future, particularly regarding its plans for a potential IPO.
Interestingly, Telegram strategically sold a significant portion of its Toncoin holdings months before a market downturn, which may have helped mitigate potential losses. As Telegram navigates these turbulent waters, its substantial digital asset holdings underscore its deep integration into the evolving crypto market.
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