As the media coverage of blockchain technology grows there is a tendency to portray it as an all-encompassing blessing . But experts warn that the technology is still not fully understood and much of the commentary that surround it lacks extensive knowledge . Blockchain is still being explored and tested which makes it challenging to make definitive claims about its functionality and security .
Pavel Durov’s Telegram has announced that it issued $270 million in bonds this week to fund its growth until it achieves profitability. The move is intended to provide the necessary funding to bring the company closer to the break-even point . With this bond issuance Telegram is aiming to guarantee its development and secure the resources needed for its expansion . Bonds vs. Shares: The Reasoning Behind Telegram’s Choice Telegram’s decision to issue bonds instead of shares is due to the significant rise in interest rates beginning from 2021 . By going for bonds the company can benefit from a different issue price and tap into the pool of interested investors. Bonds offer a promise of repayment of interest and serve as a loan contracted with investors who believe in the companys potential. FOR MORE INFO: https://fincurrency.net/telegram-raises-270-million-in-bonds-for-growth-and-profitability
Comments
Post a Comment