In the dusty corners of the financial world, Telegram, that chatty little platform, has managed to wrangle a staggering $1.7 billion from investors, all thanks to a bond offering that boasted a 9% coupon. This grand affair wrapped up on May 28, leaving many scratching their heads and wondering if they should have invested in a messaging app instead of that last avocado toast.
As the wise folks at Bloomberg report, a chunk of this newfound treasure—$955 million, to be precise—will be tossed into the abyss of debt from a previous bond issue, set to mature in 2026. The remaining $745 million? Well, that’s fresh capital for growth and operational costs, because who doesn’t love a good expansion?
Pavel Durov, the co-founder of this digital wonderland, took to Telegram to share his thoughts:
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In the midst of all this excitement, Toncoin (TON), Telegram’s sole digital asset, decided to join the party, surging over 20% to $3.69 on May 28, right after the partnership announcement. It’s like the little engine that could, proving that sometimes, all you need is a little hype to get rolling!
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2025-05-29 19:46