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BitcoinSistemi 2025-01-30 11:03:08

Tesla Supplier Announces Adding Bitcoin (BTC) and XRP to Giant Company Reserves!

Worksport, a clean energy solutions automotive technology company and a Tesla supplier, announced that it has added Bitcoin (BTC) and XRP to its corporate reserves. At this point, Worksport announced that it made its first six-figure investment in Bitcoin (BTC) and XRP. The company also stated that it will allocate the excess portion of its cash reserves to BTC and XRP investments, in line with its Bitcoin and XRP treasury strategy. Worksport CEO Steven Rossi said: “Worksport Ltd. (NASDAQ: WKSP) is pleased to announce that it has made its first purchases of Bitcoin (BTC) and Ripple (XRP) as part of a newly established crypto treasury strategy. Our business is growing rapidly, revenues are increasing, and margins are improving steadily. We believe our strategic treasury plan is a low-risk hedge against inflation and could potentially benefit from increased regulatory clarity around cryptocurrencies. We take a long-term view on our current BTC and XRP holdings.” Worksport stated that it chose Coinbase as its crypto custodian to keep its crypto reserves safe. Worksport also plans to integrate cryptocurrency payment options into Worksport.com, the CEO said, adding, “This will allow customers worldwide to benefit from lower transaction fees and an expanded range of payment methods.” *This is not investment advice. Continue Reading: Tesla Supplier Announces Adding Bitcoin (BTC) and XRP to Giant Company Reserves!