Logistics company buys $20M TRUMP to find a voice in US-Mexico trade

Freight Technologies (FRGT), a logistics technology company specializing in cross-border transportation between the US and Mexico, has just announced a plan to buy $20M TRUMP through convertible bonds from an institutional investor, with the first $1M already disbursed.

CEO Javier Selgas revealed: “Owning TRUMP allows us to diversify our digital assets and is a way to influence trade policies between the US and Mexico.”

FRGT's stock surged +111% after the news, but quickly adjusted down -21.6%. Previously, Fr8Tech also invested $8M in the FET token to support AI solutions in its logistics system.