**🚀 Fr8Tech (Nasdaq) Allocates $20 Million to Buy TRUMP Tokens!**
**📌 Breaking News:**
- Logistics company **Fr8Tech (Nasdaq: FRGT)** will buy **$20 million in TRUMP tokens** for its corporate treasury.
- Financing through **convertible notes**, with the first tranche of **$1 million**.
- CEO Javier Selgas claims this is a form of support for **fair US-Mexico trade**.
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### **🔍 Background:**
- **TRUMP Token** is a politically themed meme coin associated with former US President Donald Trump.
- Fr8Tech previously also acquired **$5.2 million in FET (Fetch.ai) tokens**.
- FRGT's stock price briefly rose but then **fell back 20.6%** to **$0.98**.
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### **💡 Why Buy TRUMP?**
1️⃣ **Diversifying Treasury**: Fr8Tech seeks exposure to cryptocurrency assets.
2️⃣ **Policy Advocacy**: Claims it could boost US-Mexico trade (although the relationship is unclear).
3️⃣ **Political Signal**: Amid a trend of other companies (like MicroStrategy) accumulating cryptocurrency.
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### **📊 Impact on TRUMP Price:**
- **TRUMP Price**: **$12.37** (down 4.8% in 24 hours).
- **Additional Supply**: 40 million TRUMP (4% of total supply) newly released into the market → potential selling pressure.
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### **⚠️ Controversies & Risks:**
- **TRUMP is a meme coin** → High volatility & reliant on political sentiment.
- **Fr8Tech is not the first** to buy crypto (previously FET) → Is this a strategy or just hype?
- **FRGT shares plummeted** → Traditional investors may be skeptical.
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### **🌐 Corporate Crypto Treasury Trends:**
- **MicroStrategy & Metaplanet**: Focused on Bitcoin.
- **SOL Strategies**: Accumulating Solana.
- **Twenty One Capital (Cantor Fitzgerald + SoftBank + Tether)**: Will launch with **$3.6B in BTC**.
