Telegram sees crypto holdings surge to $1.3 Billion in first half of 2024
- Telegram’s digital asset holdings increased from $400 million in late 2023 to $1.3 billion by mid-2024.
- Telegram generated $525 million in revenue in the first half of 2024, marking a 190% increase from the previous year.
- Pavel Durov, founder of Telegram, encountered arrest and legal issues in France for alleged violations, which briefly affected the TON market before it recovered.
Telegram’s cryptocurrency holdings rose sharply to $1.3 billion in the first half of 2024, up from $400 million at the end of 2023. The messaging platform previously revealed it held $400 million in digital assets. Telegram’s crypto portfolio exceeds $1 billion, marking a significant growth.
