Freight Technologies (FRGT), a Nasdaq-listed logistics firm, has entered into a $20 million convertible bond issuance agreement. According to Seeking Alpha reports, the company intends to utilize the capital raised to purchase TRUMP, a meme coin. This unconventional investment strategy raises eyebrows and highlights the blurring lines between traditional finance and the speculative world of cryptocurrency. The move is a bold one for Freight Technologies. Convertible bonds typically offer investors a fixed income stream with the option to convert the bond into equity at a later date. Using these funds to acquire a meme coin known for its volatility introduces a significant degree of risk. The potential upside is substantial, but the possibility of substantial losses also exists. The market's reaction to this news remains to be seen. Investors will likely be scrutinizing FRGT's financial performance closely to determine the long-term impact of this investment. ```