Bitcoin, XRP Treasury Strategy Paying Off? Worksport Reports Record Sales

Worksport Ltd. (NASDAQ:WKSP), which earlier this year adopted Bitcoin (CRYPTO: BTC) and Ripple (CRYPTO: XRP) as part of its corporate treasury, reported on Tuesday that it reached a 31% gross margin in July, one quarter ahead of its year-end target.

The update follows four consecutive months of record sales, underscoring both operational momentum and the company’s evolving capital strategy.

The U.S.-based manufacturer of hybrid and clean energy products for the light truck and consumer goods markets posted July revenue of $1.71 million (unaudited), marking its strongest month on record.

That performance brings annualized sales above $20 …

Full story available on Benzinga.com