Worksport Makes First Six-Figure Purchase of BTC and XRP, Plans to Introduce Crypto Payment Options

PANews reported on January 30 that according to an official announcement, Worksport, a US clean energy solutions manufacturer, has purchased Bitcoin (BTC) and Ripple (XRP) for the first time, which is an important measure of its newly established cryptocurrency reserve strategy. The company said that this initial purchase of six figures is to cope with global economic changes and support its long-term growth plan.

Worksport plans to achieve revenue growth, launch three new products and approach cash flow positive goals in 2025. The company said that it will use excess cash reserves to gradually increase its cryptocurrency holdings, while closely monitoring the regulatory dynamics of the new US government on cryptocurrencies. In addition, Worksport also plans to introduce cryptocurrency payment options on its official website Worksport.com to reduce transaction costs and expand payment methods, further improving operational efficiency.

Worksport CEO Steven Rossi said that the company's business is growing rapidly, and both revenue and profit margins are steadily increasing. He believes that this cryptocurrency investment is a low-risk anti-inflation strategy, and is expected to benefit from the increasingly clear cryptocurrency regulatory environment. The company is optimistic about its current BTC and XRP holdings in the long term.

Earlier news, the US listed company Worksport announced that it would purchase Bitcoin and XRP as reserve assets.