Telegram Reveals $400 Million of Crypto Holdings in 2023 Financial Statement

The popular messaging app Telegram, led by CEO Pavel Durov who was arrested on August 24, had reportedly held $400 million in digital assets by the end of 2023, as per the company’s financial statement for that year. At the end of 2023, Telegram reported having approximately four million premium users, a figure that has since increased to over five million. Despite its growing user base, Telegram experienced an operating loss of $108 million for the year, while generating $342.5 million in revenue. According to a report by the Financial Times, around 40% of Telegram’s revenues were derived from digital