Freight Technologies (Nasdaq: FRGT), a logistics technology firm with a market cap of $4.8 million, has taken a bold step into the cryptocurrency world. The company, which specializes in cross-border trade between the U.S. and Mexico, has signed an agreement to purchase up to $20 million worth of Official Trump Tokens $TRUMP as part of its crypto treasury strategy.
To fund this acquisition, Freight Technologies secured a convertible note facility from an institutional investor, with $1 million already committed. This makes Freight one of the first publicly traded companies to directly invest in the $TRUMP
MP token.
This move follows a separate investment by the company in Fetch.ai’s FET tokens—valued at $8 million—to support AI capabilities within its logistics platforms.
Investing in digital assets is becoming a growing trend among publicly traded firms. Michael Saylor’s MicroStrategy led the way with its $BTC #BTCRebound Bitcoin-centric strategy, and companies like Semler Scientific (SMLR), Cantor (CEP), and Janover (JNVR) have also entered the crypto space. Japanese companies such as Metaplanet, which recently surpassed 5,000 $BTC on its balance sheet, are also following suit.
However, Freight’s approach carries a unique geopolitical angle. CEO Javier Selgas stated that the $TRUMP token acquisition is intended to support advocacy for "fair, balanced, and free trade" between the U.S. and Mexico—amid growing political discourse around U.S. trade policy.
The announcement comes as controversy swirls around the #TRUMP token, particularly after former President Trump invited major token holders to a private dinner—raising concerns among Democratic lawmakers over potential conflicts of interest.
Senator Jon Ossoff (D-Ga.) recently criticized the move, suggesting it may constitute "selling access to the presidency" and hinting at impeachment implications.
Freight’s stock, which had plummeted nearly 90% over the past year, briefly surged 111% following the announcement, before falling back 21.6% in after-hours trading.
Despite the volatility, Freight is positioning itself as a tech-forward logistics provider. Its platforms aim to streamline freight booking and transportation management, enhancing North American trade routes.
Meanwhile, other companies are also linking their crypto strategies with political influence. DWF Labs recently invested $25 million in World Liberty Financial (WLFI), a decentralized finance protocol backed by Trump’s family. WLFI plans to launch a stablecoin, USD1, backed by U.S. Treasury bills and cash equivalents.
#TRUMP tokens are currently trading at $12.70—up 0.1% today and 42% ove#r the past month.
