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Digital insurer Metromile follows through with $1M Bitcoin purchase

According to Tuesday’s filing from the United States Securities and Exchange Commission, or SEC, Metromile reported that it had purchased $1 million in Bitcoin in June. However, the firm recorded a loss of $100,000 in the original crypto buy, holding roughly $900,000 in Bitcoin as of June 30, or 25.6 BTC at the time.

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