Telegram proposes to issue $1.5 billion in bonds that will integrate Musk's xAI and receive shares and subscription shares
Editor-in-Chief: Felix, PANews
On May 29, instant messaging app Telegram will raise at least $1.5 billion through a bond issue, according to people familiar with the matter. In addition, the Telegram founder announced that a $300 million deal with Musk's xAI has been reached (which has not yet been finalized).
Driven by a flurry of positive news, the price of TON, the native token of Telegram's The Open Network, soared for a short time. According to CoinGecko data, Toncoin (TON) surged as high as about $3.7, an increase of about 23%, and is now trading at $3.32. Although Musk later clarified that the agreement had not yet been formally signed, and the price of the coin retreated, the 24-hour increase still reached 11.2%.
1
37.82K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.