Worksport (Nasdaq: WKSP), a publicly traded company that manufactures tonneau covers, has made an unorthodox move to add crypto to its corporate treasury.
Apart from Bitcoin, the company also decided to adopt the Ripple-affiliated XRP cryptocurrency.
According to a recent resolution adopted by the company’s board, Worksport will be able to buy up to $5 million in the two aforementioned cryptocurrencies.
It will be funding its purchases with a portion of excess operational cash and future capital to be raised.
Apart from adding crypto to its corporate treasury strategy, the company has also announced that it will start accepting cryptocurrency payments on its website.
Over the last month, XRP has managed to make plenty of headlines, with its stunning rally that ended up being one of the top crypto stories of the year.
Meanwhile, the…
