Worksport Bitcoin to adopt cryptocurrency, bitcoin for corporate treasury

Worksport (WKSP) announced a significant advancement in its corporate treasury strategy by taking initial steps to adopt the cryptocurrencies BT and XRP. Under the initial resolution of this strategy, the Worksport Board of Directors has approved the purchase of up to $5 million in Bitcoin (BTC) and XRP, limited to a maximum of 10% of excess operational cash. This strategic move is intended to enhance transaction efficiency and underscores the Company’s long-term belief in cryptocurrency as a store of value and a hedge against inflation, aligning with the growing global acceptance and institutional adoption.