Fr8Tech to Invest $20M in Trump Token, Joining Crypto Investment Trend
HOUSTON, April 30, 2025 ā Freight Technologies, Inc., a company that creates new technology for logistics, has made a deal to raise up to $20 million. The money will be used to buy OfficialĀ Trump TokenĀ ($TRUMP), making Fr8Tech one of the first public companies to invest in these tokens as part of its digital strategy. The coin is currently trading at $12.38 with a market cap of $2.47 Billion as per the reports of CoinMarketCap.Ā
Investing in Digital Assets
Fr8Tech finalised a deal with an institutional investor to raise $20 million through convertible notes.Ā This means the company can borrow money now, with the option to turn that debt into stock later. The funds will be used to buy theseĀ Tokens, adding them to Fr8Techās growing collection of digital assets. This step by the organisation is part of it's plan to diversify its portfolio of investments. It already includes FET tokens, worth around $8 million.
CEOās Thoughts on the Deal
Javier Selgas, CEO of the organisation, shared his excitement about the deal and how it fits into the vision of the company.Ā
He said that investing in Trump Tokens supports the company's mission to enhance trade between the U.S.Ā and Mexico. "Mexico is the U.S.'s biggest trading partner. By investing in crypto currency, weāre taking a step toward bettering that relationship," Selgas said. He also added thatĀ this currencyĀ align with company's focus on promoting fair and open trade.
More Businesses Investing in Cryptocurrencies
Fr8Tech is not the only one in its shift towards digital assets. Large corporations such as Elon Muskās Tesla,Ā Michael SaylorāsĀ MicroStrategy, and Block (previously Square) have invested significantly in Bitcoin and other digital currencies already. These firms think that having digital assets will allow them to grow and secure their investments in the future. Fr8Tech's investment in the cryptocurrencyĀ indicates that even firms operating in old-fashioned industries, such as logistics, are joining the cryptocurrency wagon.
A Growing Trend of Crypto Investments
The investment agreement with the institutional investor also indicates a larger trend where more businesses are adding cryptocurrencies to their portfolios. Investing in the Trump Token, itĀ is positioning itself as a business that opens its arms to new technologies in order to remain competitive in the fast-changing business world.
Fr8Tech will raise $1 million in the first part of the deal and will be able to raise an additional $19 million later if needed. This money will help Fr8Tech buy more this currencyĀ as it continues to grow its digital asset collection.
Whatās Next ?
Fr8Techās move into cryptocurrency could set an example for other companies in the logistics and supply chain industry. As digital assets like Trump Tokens become more common, they may play a bigger role in businesses of all kinds.
For the moment, Fr8Tech remains dedicated to their fundamental objective: facilitating cross-border shipping in a simpler and more efficient way.Ā
However, by integrating cryptoĀ like Trump Tokens, the corporate is diversifying its financial strategy.Ā It will help the management to position the company for further expansion.
As the managementĀ makes more investments in cryptocurrency it will be exciting to see how this strategy works out in the coming years. This transition is an exciting new chapter for the company.
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