the value of digital assets held by the communication platform Telegram has risen from $400 million at the end of 2023 to $1.3 billion in the first half of 2024. Telegram previously disclosed that it held about $400 million in digital assets. However, new information shows that the company's cryptocurrency holdings have exceeded $1 billion.
According to the report, the instant messaging platform generated $525 million in revenue from January to June. This represents a 190% increase compared to the same period in 2023. The report emphasizes that the company earned $353 million in the first half of 2024 by selling cryptocurrency. The report shows that about $225 million came from a transaction with an undisclosed entity. Telegram reportedly received compensation for allowing the TON token to be the exclusive way for businesses to purchase ads on the messaging application.
