Nasdaq-listed company Worksport plans to invest part of its cash reserves in BTC and XRP
On December 5th, Worksport, a small company listed on NASDAQ, is investing part of its cash reserves in Bitcoin and XRP. The company announced that it will allocate 10% of its cash reserves (up to $5 million) to cryptocurrencies, but this ratio may change in the future. In an interview, Worksport CEO Steven Rossi stated that he has personally been investing in XRP for some time and strongly believes in decentralization. (Coindesk)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barcelona Football Club criticized for signing a $22 million sponsorship deal with crypto company ZKP
Swedish payment giant Klarna's first stablecoin, KlarnaUSD, has been launched ahead of schedule
Bitcoin OG opens 5x ETH short position worth $15.04 million
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
Trending news
MoreCrypto prices
More
