Telegram Issues $1.7 Billion Convertible Bonds to Restructure Debt
Telegram announced the successful issuance of $1.7 billion in five-year convertible bonds, aiming to optimize its debt structure. The communication platform will use part of the raised funds to repurchase $955 million of debt maturing in 2026, while adding $745 million in new funds. This financing activity helps Telegram extend its debt maturity, improve its financial condition, and support its rapid growth strategy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Data: Long-term holders collectively own 14.35 million BTC, accounting for approximately 68.3% of the total supply.
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