Freight Technologies (FRGT), a $ 4.8 million market capsity company, which focuses on cross-border trade between the US and Mexico, has entered into an agreement to buy up to $ 20 million in the official Trump token (Trump) to build his crypto chamber.
The company said it secured funding through a convertible note facility with an institutional investor, with an initial $ 1 million tranche already obliged. The capital will only be used to acquire Trump -Tokens, making it one of the first public listed companies to do so.
The decision follows a separate investment in AI-bound Fet-Tokens, currently appreciated at $ 8 million, which the company says supports AI tools used across its logistics platforms.
Buying digital assets for listed companies is not a new strategy.
Michael Saylor advocated it with a Bitcoin strategy and others, such as Semler Scientific (SMLR), followed through. Most recently, Cantor (CEP) makes a splash with tremendously dry powder to do the same. Meanwhile, companies are buying companies like Sol Strategies (HODL) and Janover (JNVR) Sol -Tokens to give investors exposure to cryptocurrency.
The trend is also picking up in Japan, where the hotel company Metaplanet has recently hit 5,000 BTC on its balance and issued $ 25 million in bonds to finance further purchases. Smaller companies, including value creation, remixpoint, nexon, Anap Holdings and Wemade, also accumulate cryptocurrency.
However, Freight’s mandate is slightly different: to influence the US-Mexico trade agreement in the midst of President Trump’s all-out trade war.
“We believe that the addition of the official Trump tookens is an excellent way to diversify our crypto state box, and also an effective way to advocate for fair, balanced and free trade between Mexico and the US,” Javier Selgas, CEO, said the company’s CEO, in a press release on April 30.
While such a strategy could help a company as a shipping, affecting presidential decisions by buying a Memecoin bringing the question of conflict of interest. Recently, Trump said he will hold a private dinner with the top token holders and pull screams from democratic legislators who quoted the president’s commitment with the token as potential reasons for forgery.
On April 25, Senator Jon Ossoff (D-GA) pointed out to the crypto project, offering its top holders an invitation to a dinner event with President Trump, and called it a clear case of selling access to the presidency.
For shipping, if stock price fell almost 90% in the last 12 months and is heavily tied to cross -border trading, it seems that this may be the best way to keep stock prices fluid.
“In the heart of FR8Tech’s mission is promoted by productive and active trade between the United States and Mexico. Mexico is the United States trading partner for top goods, with Mexico being the leading destination for US exports and the top source of US imports,” Selgas added.
After announcing the move, Freight Technologies’ shares jumped over 111% before the closure bell Friday. However, in trade after hours, the stock fell 21.6%.
Freight Technologies’ Product Setup includes a package of applications ranging from cross -border shipping booking to transport management, all aiming to modernize the flow of goods in North America.
Other companies have made investments in the crypto area linked to the US president. Last month, DWF Labs invested $ 25 million in the decentralized funding protocol supported by Trump and his family, World Liberty Financial (WLFI) when it moved to establish a physical presence in the United States
The investment gives DWF Labs a government share in the project that has accumulated various cryptocurrencies and is set to start a stablecoin supported soon by short -term US Treasury forms and other cash equivalents, called USD1.
Trump -Tokens deals with $ 12.7, only 0.1% for the day and 42% in the last 30 days.
Read more: Why Trump’s tariffs could actually be good at Bitcoin
