Aurora500924
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77372260777 A small logistics technology company has announced an investment of $20 million to purchase Trump Meme Coin ($TRUMP) as a cryptocurrency reserve. The news has attracted widespread attention.
The company's market value is less than $5 million, yet it plans to invest four times its market value in the politically charged Trump coin. The company claims this move is to "promote free trade between the U.S. and Mexico" and "strengthen geopolitical position."
Freight Technologies focuses on U.S.-Mexico cross-border logistics and has previously invested in the AI project token FET. Now, with its significant investment in $TRUMP, it is clearly expressing its corporate stance and strategic intent through crypto assets.
The initial $1 million funding has been received through financing mechanisms and will be specifically used to purchase Trump coins. The company's CEO stated that this is part of achieving "asset diversification."
The Trump coin itself is also controversial. It is strongly tied to the image of former President Trump, and there are even rewards like "holders can win private dinners" that have drawn criticism from political figures for allegedly "selling access to presidential power."
Although this news did not lead to a significant surge in the coin price of $TRUMP , the stock price of FRGT soared over 200%, rising from $0.95 to $3 before pulling back.
This incident shows that cryptocurrencies are gradually becoming a new means for companies to express political positions and attract market attention. Unlike past behaviors of companies buying Bitcoin as reserves, FRGT's actions resemble a form of "political marketing."
Will more companies follow suit in the future and use crypto assets as political tools? This trend is worth investors' continued attention.
The company's market value is less than $5 million, yet it plans to invest four times its market value in the politically charged Trump coin. The company claims this move is to "promote free trade between the U.S. and Mexico" and "strengthen geopolitical position."
Freight Technologies focuses on U.S.-Mexico cross-border logistics and has previously invested in the AI project token FET. Now, with its significant investment in $TRUMP, it is clearly expressing its corporate stance and strategic intent through crypto assets.
The initial $1 million funding has been received through financing mechanisms and will be specifically used to purchase Trump coins. The company's CEO stated that this is part of achieving "asset diversification."
The Trump coin itself is also controversial. It is strongly tied to the image of former President Trump, and there are even rewards like "holders can win private dinners" that have drawn criticism from political figures for allegedly "selling access to presidential power."
Although this news did not lead to a significant surge in the coin price of $TRUMP , the stock price of FRGT soared over 200%, rising from $0.95 to $3 before pulling back.
This incident shows that cryptocurrencies are gradually becoming a new means for companies to express political positions and attract market attention. Unlike past behaviors of companies buying Bitcoin as reserves, FRGT's actions resemble a form of "political marketing."
Will more companies follow suit in the future and use crypto assets as political tools? This trend is worth investors' continued attention.
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