ICYMI: Telegram CEO Pavel Durov says that he owns some toncoin
Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Telegram CEO Pavel Durov confirmed that he owns toncoin, the cryptocurrency adopted by the messaging app. The price of toncoin has risen from $1.34 to $1.38, up 3% since he commented on the matter today.
Durov said in his personal Telegram announcement channel that he had bought a quarter of the $270 million of newly issued Telegram bonds, making the point that he is reinvesting in the company."Some people suggested I should have instead bought a house or a jet. But I prefer to stay focused on my work, without 'owning' anything ," he added.
Durov has previously said he owns bitcoin. He spent around $1.5 million on 2,000 bitcoin a decade ago, which would be worth $60 million at current prices. © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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