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HomeCrypto EducationNew York Based mostly Townsquare Media Bought $5 Million Value Of Bitcoin

New York Based mostly Townsquare Media Bought $5 Million Value Of Bitcoin



  • Townsquare Media bought an mixture of $5 million price of bitcoin in a latest SEC submitting.
  • The corporate notes that its Q1 2022 buy might have realized a $1.2 million revenue had the corporate offered.
  • Townsquare said it believes within the “long-term potential” of bitcoin.

Townsquare Media (NYSE:TSQ), a digital media and advertising and marketing resolution, submitted a Securities and Alternate Fee (SEC) filing detailing a purchase order of $5 million in bitcoin, noticed first by MacroScope.

“Through the quarter ended March 31, 2022, the Firm invested an mixture of $5.0 million in Bitcoin,” the submitting states. “We’ve got possession of and management over our digital belongings and we use third-party custodial companies to safe it.”





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