

🗞 Top Crypto News: Fri, Dec 6 (24H) 1️⃣ #Bitcoin flash crashes to $90,200 causing over $885 million in liquidations 2️⃣ #XRP enters corporate treasury reserves with Worksport and BC Bud Co investments https://t.co/fHd2paTNmi
XRP enters corporate treasury reserves with Worksport and BC Bud Co investments https://t.co/y6OcX6vq1H
Worksport Goes Full Crypto Mode: Stock Rips +9% Worksport (WKSP) just flipped the script. They’re now putting up to 10% of their spare cash - starting with $5M - into Bitcoin and XRP. That's a bold move for any company, but they’re playing the long game, stacking some serious… https://t.co/al5BXMYBKh

Worksport, a Nasdaq-listed company specializing in truck accessories, has announced a significant move to diversify its treasury strategy by allocating $5 million to Bitcoin and XRP. This decision comes as part of a broader trend among publicly traded firms embracing cryptocurrency. The company plans to invest up to 10% of its spare cash into these digital assets, with CEO expressing optimism about the potential for growth, particularly as Bitcoin recently approached $100,000 and XRP has surged by 200%. Following the announcement, Worksport's stock price increased by 9%. This investment strategy highlights Worksport's commitment to staying competitive in a rapidly evolving market.