Freight Technologies (FRGT), a small U.S.-Mexico logistics tech firm with a $4.8M market cap, has announced plans to buy up to $20 million worth of Official Trump Token ($TRUMP ) as part of a bold crypto treasury strategy.
The company secured funding through a convertible note, with $1M already committed.
This move makes it one of the first public companies to invest heavily in the TRUMP token.
Goal: Strengthen its tech positioning and influence U.S.-Mexico trade negotiations.
CEO Javier Selgas said the TRUMP token supports “fair and balanced trade.”
$This follows an earlier $8M investment in AI-related FET tokens.
Market reaction:
FRGT stock jumped 111% after the news.
It later dropped 21.6% in after-hours trading, showing volatility.
Political controversy:
Trump plans a private dinner with top TRUMP token holders.
Lawmakers called this "selling access" and flagged it as potential grounds for impeachment.
Context:
Other companies like Semler Scientific, Cantor, and Japan’s Metaplanet are also building crypto treasuries.
Freight’s aim is unique—using memecoins to influence geopolitical trade.
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