Tiny Freight Tech Firm Bets Big on Trump Token to Influence Trade Policy

By Francisco Rodrigues

Freight Technologies (NASDAQ: FRGT), a small-cap logistics tech company specializing in U.S.-Mexico cross-border trade, has announced a bold crypto play: investing up to $20 million in the Official Trump Token (TRUMP). The company’s share price surged 111% following the news but quickly dropped 21.6% in after-hours trading.

The $4.8 million market cap firm said it secured funding through a convertible note facility with an institutional investor, with $1 million already committed. The entire capital is earmarked solely for acquiring #TRUMP tokens, making Freight Technologies one of the first publicly traded companies to add the controversial asset to its balance sheet.

#CEO Javier Selgas stated that the move aligns with Freight’s mission to promote fair trade between the U.S. and Mexico. “The addition of the Official Trump Tokens is an effective way to diversify our crypto treasury and advocate for balanced trade policies,” he said.

The announcement arrives amid increasing corporate interest in cryptocurrencies linked to political figures. Freight previously disclosed an $8 million investment in Fetch.AI (FET), supporting the AI tools behind its logistics platforms.

#TRUMP tokens have soared 42% over the past 30 days, trading at $12.70 at the time of the announcement. The token gained notoriety after former President Donald Trump reportedly agreed to host a private dinner with top holders, triggering criticism from lawmakers. Sen. Jon Ossoff (D-Ga.) called the move a potential conflict of interest, warning of the dangers of monetizing political access.

Freight Technologies has struggled over the past year, with its stock down nearly 90% before the recent spike. The firm’s software suite supports cross-border freight booking and transportation management across North America. With Mexico being the U.S.’s largest goods trading partner, the company sees geopolitical alignment as a strategic imperative.