Telegram has already paid off its 5-year bonds and successfully achieved profitability in 2024. The newly issued bonds were even oversubscribed.
It must be said that this wave of "debt-to-profit" results is stronger than many veteran investors expected. In the context of macroeconomic fluctuations and rising financing costs, Telegram was able to self-generate funds to fill the debt, directly dispelling the ghost story of a broken cash flow chain.
This financial strength is a typical credit boost for the TON ecosystem. Institutions are eager to subscribe to the new bonds, indicating that mainstream capital has shifted from observation to a consensus of real investment in the logic of "strong social media traffic + Web3 finance." With a solid foundation, there is room for imagination in the liquidity premium of the upper structure. This narrative of having real self-generating capabilities indeed outperforms pure vapor projects in this cycle.
Everyone is focused on the K-line; who has paid attention to the project party’s balance sheet? #Telegram #Web3 #Macro #Profitability $TON
It must be said that this wave of "debt-to-profit" results is stronger than many veteran investors expected. In the context of macroeconomic fluctuations and rising financing costs, Telegram was able to self-generate funds to fill the debt, directly dispelling the ghost story of a broken cash flow chain.
This financial strength is a typical credit boost for the TON ecosystem. Institutions are eager to subscribe to the new bonds, indicating that mainstream capital has shifted from observation to a consensus of real investment in the logic of "strong social media traffic + Web3 finance." With a solid foundation, there is room for imagination in the liquidity premium of the upper structure. This narrative of having real self-generating capabilities indeed outperforms pure vapor projects in this cycle.
Everyone is focused on the K-line; who has paid attention to the project party’s balance sheet? #Telegram #Web3 #Macro #Profitability $TON