New York Based Townsquare Media Purchased $5 Million Worth Of Bitcoin
During Q1 2022, Townsquare Media, a digital media company, purchased $5 million of bitcoin stating that the company believes in bitcoin’s “long-term potential.”Townsquare Media purchased an aggregate of $5 million worth of bitcoin in a recent SEC filing. The company notes that its Q1 2022 purchase could have realized a $1.2 million profit had the company sold. Townsquare stated it believes in the “long-term potential” of bitcoin. Townsquare Media (NYSE:TSQ), a digital media and marketing solution, submitted a Securities and Exchange Commission (SEC) filing detailing a purchase of $5....
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Whilst the purchase won’t cast a shadow on the billions worth of Bitcoin owned by other firms, the company said it could have made $1.2 million if it sold its holdings at the end of the first quarter. Townsquare Media, a New York based digital marketing and radio station company is the latest business to back the original cryptocurrency with its addition of $5 million worth of Bitcoin (BTC) to its balance sheet.A filing with the Securities and Exchange Commission (SEC) disclosing Townsquare’s purchase of Bitcoin was first picked up by Macroscope, a Twitter account which focuses on....
New York-based asset managers Stone Ridge confirms 10k Bitcoin ($115 million) holding in its treasury. Stone Ridge purchased the Bitcoin via subsidiary firm New York Digital Investment Group (NYDIG), one of the few companies with a BitLicense issued by the New York State Department of Financial Services (NYSDFS). Stone Ridge becomes the latest high profile […]
The China-based smartphone and internet app maker Meitu has announced the acquisition of $10 million worth of bitcoin for its treasury after the firm purchased digital assets two times prior last month. The company’s cryptocurrency holdings now stack up to $100 million worth of ethereum and bitcoin. Meitu Stacks Another 175 Bitcoin, $100 Million in Crypto Recorded on its Balance Sheet Meitu has revealed another cryptocurrency purchase after it announced two purchases last month. According to the announcement, on April 8, 2021, Meitu HK which is listed on the Hong Kong stock exchange,....
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