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A Tiny Company Wants to Buy $20M TRUMP Token to Change U.S.-Mexico Trade Deals
Freight Technologies has announced plans to invest up to $20 million in the Official Trump Token (TRUMP) as part of a strategy to build its crypto treasury. The announcement sent the company’s shares soaring by over 111% during regular trading on Friday, though they fell by 21.6% in after-hours trading.
The move comes as Freight Technologies looks to stabilize its stock, which has declined nearly 90% over the past year. Given its deep ties to cross-border trade, the company may see this investment as a bold step to reinvigorate investor interest.
Sen. Jon Ossoff (D-Ga.) raised concerns on April 25, highlighting the Trump Token’s offer to top holders—an exclusive dinner with former President Trump—as a potential case of "selling access to the presidency."
Despite the controversy, Freight Technologies remains focused on its core mission: strengthening trade between the U.S. and Mexico. CEO Javier Selgas emphasized that Mexico is the United States’ top goods trading partner, both as a primary export destination and as the leading source of imports.
The company’s offerings include a suite of digital tools designed to modernize freight operations, from cross-border booking to comprehensive transportation management across North America.
