#worksport

[leprivatebanker]

Worksport expects to exceed 2024 revenue view of $8M

[seositetool]

Worksport Ltd. ($WKSP) Shares Enhanced Strategic Vision & Opportunity on New and Improved Investor Relations Website

Worksport Ltd. ($WKSP) Shares Enhanced Strategic Vision & Opportunity on New and Improved Investor Relations Website “Worksport’s Road to a $13B Target Market” Underscores the Company’s Growth Strategy, Clean-Tech Innovations, and Expanding Operations West Seneca, New York–(Newsfile Corp. – December 18, 2024) – Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S.-based…

[sfujioka1]

2024.12.15ワークスポーツの株は、BTC、XRPを財務戦略に追加した後、9%急上昇（Worksport stock jumps 9% after adding BTC, XRP to treasury strategy）  テーマ：英語のお勉強日記カテゴリ：仮想通貨Worksport stock jumps 9% after adding BTC, XRP to treasury strateg

[alcoraplant]

Solar tonneau cover powers tools from a pickup’s load bed

US firm Worksport has unveiled a novel tonneau cover for pickups that carries a solar array to provide a portable power supply. Depending on the model, the foldable load bed lid is fitted with three or four robust Solis panels mounted on a rail system. These protect any cargo from wind and rain, and their thick copper foundation apparently allows them to cope with more flexing and vibrations than…

[blockinsider]

MicroStrategy Invests $2.1B in Bitcoin, Securing 2% of Global Supply

Key Points

MicroStrategy Inc has added 21,550 Bitcoins to its holdings, valued at about $2.1 billion.

The company now owns over 2% of Bitcoin’s total supply, with plans to become the largest Bitcoin bank.

MicroStrategy Inc, an American software development firm, has further increased its Bitcoin holdings. The company’s Chairman, Michael Saylor, recently announced the acquisition of an additional 21,550 Bitcoins, equivalent to approximately $2.1 billion.

MicroStrategy’s Commitment to Bitcoin

The recent acquisition marks MicroStrategy’s fifth consecutive weekly Bitcoin purchase, reflecting the company’s dedication to the leading cryptocurrency. The 21,550 Bitcoins were bought at an estimated cost of $98,783 per coin.

This purchase has boosted the company’s Bitcoin Yield to 43.2% for the quarter and 68.7% for the year. Consequently, MicroStrategy’s Bitcoin portfolio now comprises 423,650 Bitcoins, purchased for $25.6 billion at an average cost of $60,324 per coin. This latest acquisition means the company now owns over 2% of Bitcoin’s total supply.

The company made the latest purchase between December 2 and 8. It was reported that MicroStrategy announced the acquisition of 15,400 Bitcoins on December 2 for approximately $1.5 billion. The company plans to hold its Bitcoins for the long term and aims to become the largest Bitcoin bank. This ambitious goal is largely supported by institutional investors looking to diversify into crypto.

MicroStrategy’s Influence on Bitcoin Adoption

MicroStrategy’s success has prompted other companies worldwide to consider Bitcoin as a strategic reserve asset. The company has managed to attract global investors, including European central banks.

Worksport, a renewable energy firm, recently announced plans to buy Bitcoin for its corporate treasury. Rumble Inc, a fast-growing video-sharing platform and cloud services provider, also made a bold move towards Bitcoin adoption. The company announced plans to purchase $20 million worth of Bitcoin, depending on market conditions. Following the announcement, Rumble’s shares surged by over 28% to trade at about $7.6.

In addition, MARA Holdings Inc, a prominent Bitcoin miner, has revealed plans to acquire more Bitcoins. The company intends to use proceeds from its $700 million private offering of 0% convertible senior notes, due in 2031, to fund the purchase.

The National Center for Public Policy Research (NCPPR) has also proposed a shareholder recommendation to Amazon, suggesting that the company diversify at least 5% of its financial reserves into Bitcoin. Meanwhile, Microsoft is set to make history as its shareholders vote on a Bitcoin adoption proposal this week.

[newsclickofficial]

Worksport, a Nasdaq-listed company, has announced plans to add bitcoin and XRP to its corporate treasury. Crypto as a Store of Value Worksport, a Nasdaq-listed (WKSP) manufacturer of hybrid and clean energy solutions for trucks, announced on Dec. 5 that it plans to add bitcoin (BTC) and XRP to its corporate treasury. The company’s board […]

[cgnews]

XRP enters corporate treasury reserves with Worksport and BC Bud Co investments

XRP’s recent price surge has sparked growing interest from institutional players, with Worksport and The BC Bud Co. announcing plans to include the token in their treasury strategies. Traditionally, corporate crypto investments have centered on Bitcoin, a trend set by companies like MicroStrategy. However, XRP’s impressive 300% rally over the past month has propelled it into the top three digital…

[blockchainfeed]

Worksport Ltd, a U.S.-based manufacturer and innovator of hybrid and clean energy solutions is to buy $5 million bitcoin for treasury reserves. #Blockchain #Crypto

[tradermade]

Crypto markets heat up! 🔥 Ethereum surges past $3,900 with record ETF inflows, while Solana hits $240. Despite a recent dip, Ripple's XRP gains the spotlight in Nasdaq-listed Worksport's treasury. Bitcoin at $100K—what's next for altcoins? 🚀

[hamzaaslam]

Worksport ($WKSP) Reports Significant 581% YoY Revenue Growth in Q3 2024, Eyes Record 2025

Company Announces Consecutive Surge in Quarterly Revenues; Provides Positive Outlook for Fiscal Year 2025; Ongoing Expansion and New Product Lines Fuel Momentum West Seneca, New York – Newsfile Corp. – November 13, 2024 – Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and…

[leprivatebanker]

Worksport Projects Growth with Strategic Expansions in 2025

[seositetool]

Worksport Ltd. ($WKSP) Shares Multiple Milestones, Strengthens Market Position as Initial Crypto (BTC and XRP) Investment Nears

Worksport Ltd. ($WKSP) Shares Multiple Milestones, Strengthens Market Position as Initial Crypto (BTC and XRP) Investment Nears Reports 117% Dealer Network Growth, Secures Initial Pre-Orders from Leading Distributors, and Advances BTC/XRP Integration West Seneca, New York–(Newsfile Corp. – December 13, 2024) – Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S.-based…

[nawapon17]

Rivian R1T will get a solar-powered tonneau cover 'to go further'

[solarpowerindustry]

Worksport Initiates Alpha Launch of Solis Solar Array and COR Mobile Battery Power Generator

New Nano-Grid System 'SOLIS' and 'COR' Stores 4000Wh or more of Clean Energy Daily, Offering Modular, Portable Power Solutions for Vehicles, ... http://dlvr.it/TDS676

[blockinsider]

Worksport Bolsters Treasury with Bitcoin and XRP Integration

Key Points

Worksport Ltd has integrated Bitcoin and XRP into its financial strategy.

The firm plans to allocate up to $5 million for crypto purchases, representing 10% of its excess operational cash.

Worksport Ltd, a prominent innovator in hybrid and clean energy solutions, has made a significant change to its financial strategy. The firm has decided to incorporate Bitcoin and XRP into its financial operations.

The public became aware of this shift through a filing with the U.S. Securities and Exchange Commission (SEC). This progressive decision demonstrates the company’s dedication to innovation and sustained growth.

Worksport’s Crypto Investment

Worksport is venturing into the future with a significant move that will alter how it manages operational funds. The firm, with its Board of Directors’ approval, is setting aside up to $5 million in Bitcoin and XRP. This accounts for up to 10% of its surplus operational cash for crypto purchases.

The firm’s decision to integrate digital assets into its operations goes beyond investment. The company will soon allow crypto payments on its e-commerce platform, aiming to provide customers with more flexibility and reduce transaction fees by up to 37%.

The incorporation of crypto payments represents the broader acceptance of blockchain technology across industries. This adoption is driven by rising consumer demand and the possibility of enhanced operational efficiency.

Worksport is also considering converting interest earnings from its cash holdings into Bitcoin and XRP to optimize its treasury. This decision aligns with the company’s strategic vision of building a diversified portfolio.

Focus on Shareholder Value

Steven Rossi, Worksport’s CEO, emphasized the company’s move as a progressive action to stay ahead of market trends while optimizing financial operations for shareholders.

The firm selected Bitcoin for its global recognition and value stability, while XRP was chosen for its fast, low-cost transactions ideal for streamlining operations. This combination supports the firm’s objectives of innovation and financial growth.

As the crypto market evolves, the company sees this strategy as a way to strengthen its balance sheet, enhance shareholder returns, and position itself for future success.

This crypto adoption move is part of Worksport’s broader strategy to innovate across all aspects of its business. The company is fortifying its leadership in clean energy with new products.

The firm is constructing a system for rapid growth by combining blockchain technology with its energy solutions. Integrating crypto assets and blockchain technology into its finance strategy positions the company for rapid growth and leadership in both sectors.

This move is similar to that of other firms with large Bitcoin portfolios, like MicroStrategy Inc. Recently, medical tech company Semler Scientific also acquired 303 Bitcoin to enhance its diversification strategy.