Telegram’s crypto holdings jumped from $400M to $1.3B in H1 2024, driven by Toncoin sales and strategic deals.
The value of digital assets held by instant messaging platform Telegram has risen to $1.3 billion in the first half of 2024 from $400 million at the end of 2023.
Telegram previously disclosed that it holds about $400 million in digital assets. However, new information suggests that the company’s cryptocurrency holdings have surpassed a billion dollars.
On Nov. 26, the Financial Times (FT) reported that the company’s financial statements reflected that its crypto holdings have increased in value almost threefold.
