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The latest update is out from Worksport ( (WKSP) ).
On January 29, 2025, Worksport Ltd. announced its strategic move to purchase Bitcoin (BTC) and Ripple (XRP) as part of a treasury strategy aimed at hedging inflation and embracing cryptocurrency adoption. This initiative aligns with the company’s plans for revenue growth and cash flow positivity in 2025, as well as its efforts to integrate cryptocurrency payment options for enhanced operational efficiency, reflecting a proactive approach to the evolving financial landscape.
More about Worksport
Worksport Ltd. (NASDAQ: WKSP) operates in the hybrid and clean energy solutions industry, focusing on products such as tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions. The company is actively expanding its market presence with partnerships like the one with Hyundai for the SOLIS Solar cover and aims to leverage the growing consumer interest in clean energy through its proprietary solar solutions and mobile energy storage systems.
YTD Price Performance: 3.12%
Average Trading Volume: 1,942,043
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $32.61M
For detailed information about WKSP stock, go to TipRanks’ Stock Analysis page.
