Telegram holds round $400 million in cryptocurrency belongings immediately, however the query is, why does Telegram maintain such an enormous quantity of crypto?
In line with Telegram’s 2023 monetary report, they’ve gathered $400 million in digital belongings to diversify their enterprise. Surprisingly, their crypto-related actions contribute 40% of their income, amounting to $137 million.
This reveals that digital currencies have turn out to be a core a part of Telegram’s enterprise mannequin. In reality, their crypto belongings grew considerably from $106.35 million in 2022 to $400 million in 2023.
Moreover, Telegram’s founder, Pavel Durov, has personally invested within the firm by Toncoin, exhibiting his confidence within the firm’s crypto initiatives.
Nonetheless, lately, Pavel Durov was arrested, which had a damaging impression on some Telegram-related cash.
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