Telegram CEO Pavel Durov confirmed he owns Toncoin and Bitcoin, without clarifying how much he holds.

On July 18, 2023, Telegram CEO Pavel Durov posted on his official Telegram channel highlighted that the instant messaging app recorded over 800 million monthly active users this year, with over 2.5 million new accounts per day.

He confirmed that he owns Toncoin, the cryptocurrency acquired by the messaging app. The price of Toncoin has grown from $1.34 to $1.38, up to almost 3% since he talked about it today.

Telegram issues $270 million worth of bonds this week, with the CEO purchasing a quarter of the bonds as a way of investing into the platform’s growth. 

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