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Worksport ( (WKSP) ) has issued an update.
On January 28, 2025, Worksport Ltd. announced its decision to select Coinbase as its official cryptocurrency custodian following a strategic evaluation of multiple custodians. This partnership aligns with Worksport’s Cryptocurrency Treasury Strategy, allowing the company to hold a portion of its surplus cash reserves in Bitcoin and XRP, aiming to diversify its financial positioning and enhance shareholder value. This move is part of Worksport’s broader growth initiatives, including new product launches and a push towards cash flow positivity, while positioning itself within the evolving digital asset landscape.
More about Worksport
Worksport Ltd. is a U.S. based manufacturer and innovator in the hybrid and clean energy solutions sector, focusing on products for light trucks, overlanding, and global consumer goods. The company designs and manufactures tonneau covers, solar integrations, portable power systems, and clean heating and cooling solutions, and has a partnership with Hyundai for the SOLIS Solar cover.
YTD Price Performance: -8.11%
Average Trading Volume: 1,890,109
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $29.97M
Learn more about WKSP stock on TipRanks’ Stock Analysis page.
