Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
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.
Trending: Your Last Chance to Invest in Pacaso Before Their Global Expansion — Offer Ends Sept 18
That performance brings annualized sales above $20 million, consistent with full-year guidance of at least that figure.
Gross margin has expanded sharply over the past three quarters: 11% in Q4 2024, 18% in Q1 2025, 26% in Q2 2025, and now 31% in July.
Worksport said the margin improvements stem from scaling its U.S. production base and achieving manufacturing efficiencies.
“Four consecutive record months and 31% gross margin underscore that our U.S. manufacturing model and American-made products are winning in the marketplace,” CEO Steven Rossi said.
He added that new products expected in the second half of 2025, including the HD3 heavy-duty tonneau cover, the SOLIS solar cover, and the COR modular power system, are expected to further support growth.
See Also: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?
The milestone builds on Worksport’s earlier move to diversify its treasury holdings by purchasing Bitcoin and XRP, a strategy first announced in December 2024.
The company said it views cryptocurrency reserves as a complement to its long-term growth plans, with initial six-figure purchases already secured.
Worksport is also exploring crypto payment options for its e-commerce operations, citing potential for lower transaction costs and broader customer reach.
Management has positioned this alongside its push into clean energy and modular power solutions as part of a broader transformation strategy.
Image: Shutterstock
Trending Now:
Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.
Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.
For those seeking fixed-income style returns without Wall Street complexity, Worthy Bonds offers SEC-qualified, interest-bearing bonds starting at just $10. Investors earn a fixed 7% annual return, with funds deployed to small U.S. businesses. The bonds are fully liquid, meaning you can cash out anytime, making them attractive for conservative investors looking for steady, passive income.
Self-directed investors looking to take greater control of their retirement savings may consider IRA Financial. The platform enables you to use a self-directed IRA or Solo 401(k) to invest in alternative assets such as real estate, private equity, or even crypto. This flexibility empowers retirement savers to go beyond traditional stocks and bonds, building diversified portfolios that align with their long-term wealth strategies.
Range Wealth Management takes a modern, subscription-based approach to financial planning. Instead of charging asset-based fees, the platform offers flat-fee tiers that provide unlimited access to fiduciary advisors along with AI-powered planning tools. Investors can link their accounts without moving assets, while higher-level plans unlock advanced support for taxes, real estate, and multi-generational wealth strategies. This model makes Range especially appealing to high-earning professionals who want holistic advice and predictable pricing.
For investors concerned about inflation or seeking portfolio protection, American Hartford Gold provides a simple way to buy and hold physical gold and silver within an IRA or direct delivery. With a minimum investment of $10,000, the platform caters to those looking to preserve wealth through precious metals while maintaining the option to diversify retirement accounts. It’s a favored choice for conservative investors who want tangible assets that historically hold value during uncertain markets.
This article Bitcoin, XRP Treasury Strategy Paying Off? Worksport Reports Record Sales originally appeared on Benzinga.com
