Nasdaq-listed Worksport makes first purchase of Bitcoin and Ripple, considering additional buys
Minseung Kang
Summary
- Nasdaq-listed Worksport announced its first purchase of Bitcoin and Ripple.
- Worksport plans to maintain its virtual assets worth hundreds of thousands of dollars in the long term and is considering additional purchases.
- CEO Steven Rossi emphasized that this investment is a low-risk approach for inflation hedging.
Nasdaq-listed Worksport recently announced that it has made a significant purchase of Bitcoin (BTC) and Ripple (XRP).
On the 30th, Worksport stated on its official website, "As part of our new virtual asset (cryptocurrency) financial strategy, we have made our first purchase of Bitcoin and Ripple," adding, "We intend to maintain our investment from a long-term perspective and are considering additional purchases." They explained that they have acquired virtual assets worth hundreds of thousands of dollars.
Steven Rossi, CEO of Worksport, said, "This financial strategy is a low-risk approach for hedging against inflation," and added, "We are investing in Bitcoin and Ripple with a long-term perspective."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
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