The post Telegram Sells $450M In Toncoin As Token Plunges: Report appeared on BitcoinEthereumNews.com.

Update (Jan. 6, 1:20 pm UTC): This article has been updated with a statement from Telegram. Cryptocurrency-friendly messenger Telegram boosted its operating revenue in 2025 as it explores a potential initial public offering (IPO). Telegram’s revenues hit $870 million in the first half of 2025, up 65% from $525 million a year earlier, the Financial Times reported on Tuesday, citing unaudited financial statements. About a third of that, or $300 million, came from “exclusivity agreements,” linked to earnings related to Telegram-connected cryptocurrency Toncoin (TON). The report also said that $500 million of Telegram’s bonds have been frozen in Russia’s central securities depository due to Western sanctions, the FT said, citing anonymous sources. Telegram reportedly sells $450 million in TON Telegram posted a net loss of more than $220 million in H1 2025, compared with a $334 net profit in the first half of the previous year. The company targets $2 billion in revenue in 2025. The loss reportedly came from Telegram having to write down the value of its holdings in Toncoin, which lost 69% of its value in 2025, according to CoinGecko. Toncoin (TON) price chart in 2025. Source: CoinGecko “The company told investors it had sold more than $450 million in Toncoin in the year to date,” the report said. By publishing time, the amount would account for about 10% of TON’s market capitalization of $4.6 billion, according to CoinGecko data. Telegram denies exposure to Russia Addressing the bond freeze in Russia, a spokesperson for Telegram said that $500 million figure refers to a bond issue from 2021. The representative noted that Telegram’s latest bond offering in 2025 excluded participation by Russian investors. “Telegram is not dependent on Russia or Russian capital and does not face bond-related issues due to sanctions,” the spokesperson said, adding: “Sanctions do not…

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Filed under: News - @ January 7, 2026 4:25 am