According to a Worksport announcement on the 5th (local time), "We plan to allocate up to 10% of our operating surplus cash to purchase Bitcoin and Ripple in the future, and the initial investment amount will be up to
"The investment will be worth approximately $5 million (approximately 750 million yen)," he said. This will allow the company to hedge against inflation risk and diversify its financial portfolio.
Export is planning to introduce cryptocurrency payments on its e-commerce platform, which it hopes will reduce transaction costs by up to 37%.
"Bitcoin and Ripple are gaining investor attention as major assets," Worksport CEO Steven Rossi said.
"Its inflation-resistant properties have made it a reliable store of value," he said. Worksport is a company listed on the Nasdaq in 2021 that develops truck energy.
The company manufactures energy solutions (toner covers with integrated solar power systems). It converts interest earnings on cash deposited in money market accounts into Bitcoin and reflows,
The company plans to invest part of its future capital raises in crypto assets.
2024/12/06 15:56 KST
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