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New York Based Townsquare Media Purchased $5 Million Worth Of Bitcoin

  • Townsquare Media bought an combination of $5 million value of bitcoin in a latest SEC submitting.
  • The firm 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 answer, submitted a Securities and Exchange Commission (SEC) filing detailing a purchase order of $5 million in bitcoin, noticed first by MacroScope.

“During the quarter ended March 31, 2022, the Company invested an aggregate of $5.0 million in Bitcoin,” the submitting states. “We have ownership of and control over our digital assets and we use third-party custodial services to secure it.”


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