Nasdaq-listed company Worksport has announced the acquisition of Bitcoin and XRP.
2024-12-05 13:28:33
NASDAQ city company worksport announcement investment bitcoin xrp configurationdesk3cryptocurrencydesktopCrypto News
Nasdaq-listed Worksport announced it would invest 10 per cent of its cash reserves in bitcoin and XRP, up to a maximum of $5 million. CEO Steven Rossi said the move was aimed at fighting inflation and making trading more efficient. More than a dozen companies have announced purchases of bitcoin since Trump's election, but Worksport's choice to deploy XRP at the same time is rare. Rossi, a long-time owner of XRP, believes XRP is gradually stabilising and emphasizes the importance of decentralized assets for businesses.
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