Now #XRP🚀 is also chosen as a treasury asset. The company Worksport, which manufactures automotive accessories and other products, created a strategic reserve of bitcoin and the Ripple cryptocurrency.

by CriptoIA

December 6, 2024

Reading time: 3 minutes

The allocation for cryptocurrency investments will be up to a maximum of 5 million dollars. Source: Featured image by Bexplus.

The company will purchase 5 million dollars in BTC and XRP.

They plan to allocate up to 10% of excess cash to acquire these coins.

On December 5, the automotive accessories company Worksport announced the creation of a strategic reserve based on bitcoin (BTC), with the additional inclusion of XRP, the Ripple cryptocurrency, as part of its treasury strategy.

According to the disclosed information, the Board of Directors of Worksport approved the acquisition of up to 5 million dollars in bitcoin and XRP. This purchase is limited to a maximum of 10% of the company's excess operating cash.

The company states that this strategic move aims not only to improve transaction efficiency but also to underscore the belief in cryptocurrencies as a store of value and a hedge against inflation, following the growing global acceptance and institutional adoption.

What do you think? Should we sell and succumb to scammers and fearmongers, or should we continue buying and driving the market, generating profits in the short, medium, and long term? Share your opinion?