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

  • Townsquare Media bought an mixture of $5 million price of bitcoin in a current SEC submitting.
  • The firm notes that its Q1 2022 buy may 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 resolution, 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 mixture of $5.0 million in Bitcoin,” the submitting states. “We have possession of and management over our digital property and we use third-party custodial providers to safe it.”

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