According to BlockBeats, Manuel Stotz, Chairman of the Board at TON Treasury Company TONX, which is listed on Nasdaq, stated that all TON tokens sold by Telegram have a four-year vesting period. The primary purchaser of these tokens is TONX, led by Stotz, for long-term holding and staking.
The Financial Times previously reported that Telegram's revenue in the first half of the year reached $870 million, marking a 65% increase, partly attributed to the TON ecosystem. The company has sold over $450 million worth of TON tokens. However, Stotz emphasized that Telegram's net holdings of TON have not significantly decreased and may have even increased.