TON rose from $2.97 to $3.69. At the time of writing, the price is $3.42. I think it’s worth accumulating at spot $TON and here’s why:
The Telegram messenger is preparing to raise $1.5 billion through a private placement of five-year bonds with a yield of 9% per annum.
Goal - refinance the debt incurred in 2021 ($1 billion at 7%).
Among the investors are BlackRock, Mubadala (UAE), Citadel, and other large institutional funds from the USA, Europe, and the Middle East.
Telegram will integrate Elon Musk's xAI neural network over the course of the year. The neural network will allow for chat moderation, creation of stickers and avatars, and verification of the truthfulness of any publication.
50% of the revenue from xAI subscriptions made within Telegram will be directed to Pavel Durov for the development of the platform.
Telegram metrics
1. 1 billion active users per month
2. 15 million premium subscribers (2x growth in a year)
3. $540 million profit in 2024, forecast $700 million in 2025
$TON is reasonably considered within a diversified portfolio. One should not expect a quick X10. This is a long-term play.
Additionally (in my personal opinion) the price may rise when Durov arrives in Dubai (first week of June).
❗Before making any investment decisions, research information from reliable sources on your own. You bear full responsibility for all your actions❗
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Sources from which the information was analyzed:
1. The Wall Street Journal - Telegram Set to Raise $1.5B in Bond Issue
2. Cointelegraph - BlackRock, Citadel Invest in Telegram Bond Sale
3. Cointelegraph - Elon Musk's xAi inks $300M deal with Telegram for Grok integration
4. Telegram channels
