Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Worksport Ltd (NASDAQ:WKSP) subsidiary WKSP NY has acquired a manufacturing facility in New York for $8.125 million.
- The facility is 152,847 square feet and features a 17,229-square foot Automated Storage & Retrieval System.
- The company plans to manufacture its line-up of products in the new facility, including its solar cover, SOLIS, primarily constructed of aluminum components.
- The acquisition was completed with a purchase and sale agreement between the company and J&M Distributing on May 6, 2022.
- Worksport funded the deal with cash and a loan agreement with Northeast Bank for $5.3 million.
- Worksport held $28.6 million in cash and equivalents as of December 31, 2021.
- Price Action: WKSP shares are trading lower by 0.05% at $1.85 on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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