On his official Telegram channel the co-founder and CEO of Telegram Pavel Durov announced some amazing developments. Durov highlighted the rapid growth of the messaging app and cited how Telegram earlier this year achieved the milestone of 800 million monthly active users . The platform continues to attract 2.5 million new signups each day and firmly establish its position as a major player in the messaging app industry.
Durov said that despite not yet being profitable Telegram is gradually achieving profitability. He made the confident claim that his company is outpacing competitors like Twitter in this direction . Telegram has a strong user base and is growing at a consistent rate which paves the way for its future development.
Telegram Issues $270 Million in Bonds for Growth and Stabilization
This week Telegram issued bonds for $ 270 million as part of a strategic strategy to support further expansion and achieve stability. By acquiring a major portion of the issued bonds Pavel Durov himself invested money in it . This investment shows how committed Durov is to promote the platforms growth and how confident he is in its potential.
Telegrams ambitious expansion ambitions will be financed using the proceeds from the bond sale which will allow the business to expand its services and give users an even better experience. Telegram has adopted a proactive method to secure the resources required for long term growth as can be seen by its decision to issue bonds .
Durov’s Cryptocurrency Holdings and the Toncoin Connection
Additionally Pavel Durov said that he owns Toncoin and Bitcoin. However he left out to mention the precise sums he owned. The Telegram Open Network (TON) blockchain project which was originally created by Pavel and Nikolai Durov has been rebranded as Toncoin.
The TON project encountered legal difficulties and had to be put on hold when Telegram was sued by the US Securities and Exchange Commission (SEC) . Although TON is no longer directly funded by Telegram the project’s code is now open-source which enables the community to carry on the work.
The fact that Durov owns Bitcoin and Toncoin is an acknowledgment of his faith in the potential of these cryptocurrencies and their influence on the development of digital finance . It also shows how committed he is to researching innovative technologies that might improve the Telegram platform and his ongoing participation in the cryptocurrency industry.