Worksport Bets Big on Bitcoin and XRP – Here’s Why

Quick Summary:

The move is aimed at diversifying its treasury strategy and enhancing overall financial stability.

We believe this move will strengthen our balance sheet and provide long-term value to our shareholders,” he underscored.

The company’s Board of Directors has approved purchases of up to $5 million in cryptocurrencies, to 10% of excess operational cash.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United States

Topics: News Bitcoin Ripple (XRP)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-05 @ 15:01:50 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 336 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 24143470

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 7 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #112

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