New York-based digital marketing and radio network firm Townsquare Media (NYSE: TSQ) said in a filing with the U.S. Securities and Exchange Commission that it had added $5 million in Bitcoin (CRYPTO: BTC) to its balance sheet.
What Happened: The company said in the filing it invested $5 million in Bitcoin last quarter.
“We have ownership of and control over our digital assets and we use third-party custodial services to secure it,” said Townsquare Media.
The Company believes in the long-term potential of digital assets as an investment aid said it may increase or decrease its holdings of digital assets at …
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