🔥🔥🔥🔥 Freight train to Mar-a-Lago? Logistics firm earmarks $20m for Trump memecoin

A publicly-traded logistics firm has struck a $20 million deal with an institutional investor to purchase Official Trump memecoins, becoming one of the first companies to anchor its digital asset strategy around the U.S. president’s controversial crypto business.

Freight Technologies CEO Javier Selgas pitched the move as part of an effort to grow U.S.-Mexico commerce—though how a memecoin fits into supply chains remains unclear. The investment also comes as the U.S. Office of Government Ethics examines whether President Donald Trump violates federal ethics rules by offering exclusive access to his coin’s top investors.

What Is Fr8Tech?

Freight Technologies, which refers to itself as Fr8Tech, is a Houston-based company launched in 2015 and trades on NASDAQ. The company aims to use new technologies like artificial intelligence for the optimization of the supply chain processes.

The company’s stock, which trades on the Nasdaq under the ticker FRGT, saw its price plummet back in 2018, during Trump’s first term. Like many other companies, Freight Technologies is now moving forward with a digital asset reserve, deviating from the norm of making Bitcoin Bitcoin

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Bitcoin the primary asset and embracing a memecoin instead.

Social media influence and crypto commentator Mario Nawfal called it the “first-ever” Trump treasury.

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