Telegram just raised $1.7bn and secure its financial future!

Hi HODLers, Hiveans and Lions,

Telegram, a secured messaging platform, raised $1.7 billion from investors in a recent bond offering featuring a 9% coupon!

According to Bloomberg:

the company will use a portion of the proceeds to pay $955 million in debt from a previous bond issue set to mature in 2026. The remaining $745 million is fresh capital for growth and operational costs.

Interestingly, looking at the small prints:

Investors participating in the sale, which included asset manager BlackRock and Abu Dhabi investment firm Mubadala, have the option to purchase shares of Telegram in a potential future initial public offering (IPO) at a 20% discount.

Toncoin , Telegram's sole digital asset accepted for app services, surged by over 20% to $3.69 on May 28

In my opinion and for what it is worth, this is a useless coin especially if the company might be listed in the future.

There has been some weird news reported by Pavel Durob himself which later were denied by Elon Musk.

Telegram and xAI reportedly agreed to give Telegram users access to Grok for 1 year, Durov wrote in a May 28 X post. The company will receive $300 million in cash and equity from xAI and “50% of revenue from xAI subscriptions sold via Telegram.”

Musk later denied that a deal between the two companies was signed. According to Durov’s response, formalities on the deal “are pending."

Time will tell if Pavel is one of the good guys! In the meantime, I do appreciate what Telegram is trying to do on the privacy front.

Stay safe out there,

Source

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