Freight Technologies (FRGT), a market logistics technology with a market capitalization of $ 4.8 million focused on cross-border trade between the United States and Mexico, concluded an agreement to buy up to $ 20 million in the official Trump token (Trump) to build its cryptographic treasure.
The company said it has obtained funding through a convertible ticket installation with an institutional investor, with an initial tranche of $ 1 million already committed. The capital will be used only to acquire Trump tokens, which makes them one of the first listed companies on the stock market to do so.
The decision follows a separate investment in the FET chips linked to the AI currently assessed at $ 8 million, which, according to the company, supports AI tools used on its logistics platforms.
The purchase of digital assets for listed companies on the stock market is not a new strategy.
Michael Saylor defended him with a Bitcoin strategy, and others, like Semler Scientific (SMLR), followed. More recently, Cantor (CEP) caused a sensation with a huge dry powder to do the same. Meanwhile, companies such as Sol Strategies (Hodl) and Janover (JNVR) buy soil tokens to give investors an exhibition to cryptocurrency.
The trend also resumes in Japan, where the metaplanet hotel company recently reached 5,000 BTC on its balance sheet and issued $ 25 million in bonds to finance additional purchases. Small businesses, including value creation, remix point, Nexon, Anap and Wemade holdings also accumulate cryptocurrency.
However, the freight mandate is slightly different: influencing the American-Mexico trade agreement in the middle of the total trade war of President Trump.
“We believe that the addition of official Trump tokens is an excellent way to diversify our cryptographic treasure, and also an effective way to plead for a balanced and free trade between Mexico and the United States,” said Javier Selgas, CEO of society, in a press release on April 30.
Although such a strategy can help a business such as freight, influencing presidential decisions by buying the same could raise the question of the conflict of interest. Most recently, Trump said that he would organize a private dinner with the best token holders, drawing an uproar from the Democratic legislators, who cited the president’s participation with the token as a potential reason for dismissal.
On April 25, Senator Jon Ossoff (D-GA.) Underlined the crypto project offering his best holders an invitation to a dinner with President Trump, describing this to sell access to the presidency.
For freight, whose share price has plunged almost 90% in the last 12 months and is strongly linked to cross -border exchanges, it seems that it is the best way to maintain the price of the equity.
“At the heart of the FR8Tech mission is the promotion of productive and active trade between the United States and Mexico. Mexico is the trading partner of goods in the United States, Mexico being the main destination for American exports and the main source for American imports,” added Selgas.
After announcing this decision, Freight Technologies’ actions jumped 111% before Friday’s closing bell. However, in exchanges after opening hours, the title plunged by 21.6%.
The Freight Technologies product range includes a series of applications, ranging from the reservation of cross -border freight to transport management, all aimed at modernizing the flow of goods in North America.
Other companies have made investments in the cryptographic space linked to the American president. Last month, DWF Labs invested 25 million dollars in the decentralized finance protocol supported by Trump and his family, World Liberty Financial (WLFI), while he was traveling to establish a physical presence in the United States
The investment gives DWF Labs a governance participation in the project, which has accumulated various cryptocurrencies and should soon launch a stablecoin supported by short-term American bills and other cash equivalents, called USD1.
Trump Tokens is negotiated at $ 12.7, up 0.1% for the day and 42% in the last 30 days.
Read more: Why could Trump prices actually be good for Bitcoin
