Nasdaq-listed company Worksport has announced the acquisition of Bitcoin and XRP.

Nasdaq-listed Worksport announced it would invest 10 per cent of its cash reserves in bitcoin and XRP, up to a maximum of $5 million. CEO Steven Rossi said the move was aimed at fighting inflation and making trading more efficient. More than a dozen companies have announced purchases of bitcoin since Trump's election, but Worksport's choice to deploy XRP at the same time is rare. Rossi, a long-time owner of XRP, believes XRP is gradually stabilising and emphasizes the importance of decentralized assets for businesses.