{
Worksport Ltd.

Companies

}
corporate strategies shift as companies embrace bitcoin as treasury asset
MicroStrategy's Michael Saylor advocates for Bitcoin as a corporate treasury asset, increasing holdings to 439,000 BTC, despite criticism labeling the business model a "giant scam." Other companies like Marathon Digital and Genius Group are adopting similar strategies, while Microsoft remains skeptical. Shareholder proposals at Amazon push for Bitcoin's inclusion to combat inflation and enhance value.
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United States Dollar Euro Microsoft Corporation Marathon Digital Holdings Inc Worksport Ltd. Hut 8 Mining Corp. Amazon.com, Inc. Block, Inc. Genius Group Limited Tesla, Inc. OneMedNet Corporation Coinbase Global, Inc. MicroStrategy Incorporated Bill Gates Roger J. Hamilton Michael J. Saylor Fred Thiel Steven Rossi Jack Dorsey Jacob King Brian Armstrong Elon Musk Aaron Green Show more
Finance & Economy, Transcript
03:11 22.12.2024
worksport diversifies treasury strategy by adopting bitcoin and xrp
Worksport, a Nasdaq-listed company specializing in truck accessories, plans to allocate up to $5 million, or 10% of its cash reserves, to Bitcoin and XRP as part of its treasury strategy. This move aims to enhance financial stability and reduce transaction fees by up to 37% on its e-commerce platform. CEO Steven Rossi, a long-time XRP investor, believes in the potential of these digital assets to challenge central banking and provide inflation resistance.
Crypto Briefing
Worksport Ltd. USA Steven Rossi
Finance & Economy, Press Release
14:58 05.12.2024
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