• Townsquare Media bought an combination of $Five million price of bitcoin in a contemporary SEC submitting.
  • The corporate notes that its Q1 2022 acquire may have learned a $1.2 million benefit had the corporate bought.
  • Townsquare mentioned it believes within the “long-term doable” of bitcoin.

Townsquare Media (NYSE:TSQ), a virtual media and advertising and marketing answer, submitted a Securities and Change Fee (SEC) filing detailing a purchase order of $Five million in bitcoin, noticed first by way of MacroScope.

“All over the quarter ended March 31, 2022, the Corporate invested an combination of $5.Zero million in Bitcoin,” the submitting states. “We now have possession of and keep watch over over our virtual belongings and we use third-party custodial products and services to safe it.”

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