Key Takeaways:
Worksport ($WKSP) has doubled its Bitcoin holdings as part of a forward-looking treasury strategy.
The company is scaling manufacturing capacity with new equipment to support over $100M in annual output.
Strategic conversations with major automotive OEMs and a national branding push signal accelerated growth.
The COR and SOLIS clean energy products are set for a Fall 2025 launch targeting a $13B market.
August 7, 2025 – West Seneca, NY – Clean energy and hybrid manufacturing company Worksport Ltd. (NASDAQ: WKSP) issued a corporate update today highlighting strong business momentum ahead of its Q2 2025 earnings release on August 13. The update covers a range of strategic milestones across digital assets, production expansion, business development, and national brand visibility.
1. Bitcoin Holdings Double as Part of Treasury Strategy
Since initiating its cryptocurrency strategy in December 2024, Worksport has officially doubled its Bitcoin (BTC) holdings, with its digital asset portfolio—also including XRP—gaining approximately 15% in value. CEO Steven Rossi described the move as a “forward-thinking treasury strategy” aimed at hedging inflation and preserving long-term value.
“We remain focused on building a great American manufacturing business,” said Rossi, “but limited crypto exposure provides us with an uncorrelated, accretive store of value as Bitcoin adoption continues to grow.”
2. Manufacturing Output Set to Double with New High-Throughput Machine
Worksport placed a deposit on a custom manufacturing machine that will double current output, raising annual capacity from $50 million to over $100 million. The machine will be integrated into its ISO 9001:2015-certified West Seneca facility, with favorable 0% financing and deferred shipping terms to maintain strategic flexibility.
“This is a calculated move to ensure we're prepared for growing demand across e-commerce and dealership channels,” Rossi added.
3. Strategic OEM Conversations and Clean-Tech Pilot Expansion
Worksport is now engaging two additional automotive OEMs while continuing a paid pilot program with a top-15 U.S. construction company. The company’s COR and SOLIS products, forming a clean nano-grid power system, are gaining traction for use in job sites, campsites, and commercial applications.
These business development efforts aim to unlock recurring B2B revenue channels and broaden Worksport’s presence in the clean energy and mobility space.
4. National Branding Campaign in Development
Worksport is exploring national brand amplification initiatives following public support from NASCAR driver and actor Frankie Muniz. The company aims to partner with high-profile figures and organizations to boost trust and visibility for both its clean-tech and automotive product lines.
Fall Launch for COR and SOLIS Products Targets $13B Market
With the launch of its COR portable energy system and SOLIS solar-powered tonneau cover slated for Fall 2025, Worksport is targeting a combined $13 billion market opportunity in portable clean energy and solar automotive accessories.
Backed by record-breaking monthly production and a projected $20 million in revenue by year-end, Worksport signals it is well-positioned for a transformational second half of 2025.
