TLDR Crypto · MISCELLANEOUS

CORPORATE BITCOIN TREASURIES ARE ALL THE RAGE. NOW XRP?

coindesk.com2 min read

Summary from the TLDR Crypto newsletter

Nasdaq-listed Worksport has announced plans to allocate up to 10% of its $5 million cash reserves into both Bitcoin and XRP, marking a departure from the traditional corporate Bitcoin treasury strategy popularized by MicroStrategy. The CEO cites inflation protection and transaction efficiency as key motivators, while acknowledging that the decision comes as the company's stock has declined 65% over five years.