Freight Technologies (FRGT), a logistic logistics technology firm of $ 4.8 million focused on cross -border trade between the United States and Mexico, has signed an agreement to buy up to $ 20 million in the Trump official token (Trump) to develop its Crypto treasure.
The company said it assured the financing through a convertible note installation with an institutional investor, with an initial section of $ 1 million already committed. The capital will be used only to acquire Trump tokens, which makes it one of the first companies that quote on the stock market.
The decision follows a separate investment in fet tokens linked to AI currently valued at $ 8 million, which according to the company admits AI tools used in its logistics platforms.
Buying digital assets for companies that are traded in the stock market is not a new strategy.
Michael Saylor defended him with a Bitcoin strategy, and others, such as Semler Scientific (SMLR), followed. More recently, singer (CEP) is making a splash with huge dry dust to do the same. Meanwhile, companies such as Sol Strategies (Hodl) and Janover (JNVR) are buying tokens sun to provide investors exposure to cryptocurrency.
The trend is also recovering in Japan, where the Metaplanet hotel company has recently reached 5,000 BTC in its balance and issued $ 25 million in bonds to finance additional purchases. The smallest companies, including the creation of value, Remixpoint, Nexon, Anap Holdings and Wemade are also accumulating the cryptocurrency.
However, Freight’s mandate is slightly different: to influence the US-Mexico trade agreement in the midst of President Trump’s commercial war.
“We believe that the incorporation of Trump’s official tokens is an excellent way to diversify our cryptographic treasure, and also an effective way of advocating fair trade, balanced and free will between Mexico and the United States,” said Javier Selgas, CEO of the company, in a press release on April 30.
While this strategy could help a company such as freight, to influence presidential decisions when buying a memecoin could raise the question of the conflict of interest. Recently, Trump said he will celebrate a private dinner with the main headlines of Tokenses, extracting the protest of Democratic legislators, who cited the president’s participation with the file as possible reasons for the accusation.
On April 25, Senator Jon Ossoff (D-GA.) Pointed out the cryptographic project that offers its headlines an invitation to a dinner event with President Trump, qualifying him as a clear case of sale of access to the presidency.
For Freight, whose price of shares fell almost 90% in the last 12 months and is strongly linked to cross -border operations, it seems that this could be the best way to keep the prices of shares afloat.
“In the heart of the Fr8tech mission, there is the promotion of productive and active trade between the United States and Mexico. Mexico is the business partner of the United States, since Mexico is the leading destination for US exports and the main source of US imports,” added Selgas.
After announcing the movement, Freight Technologies actions rose more than 111% before the closing bell on Friday. However, in the negotiation outside the schedule, the shares fell by 21.6%.
The Freight Technologies product line includes a set of applications, ranging from the cross -border load reserve to transport management, all destined to modernize the flow of goods in North America.
Other companies have made investments in the cryptographic space linked to the president of the United States. Last month, DWF Labs invested $ 25 million in the decentralized finance protocol backed by Trump and his family, World Liberty Financial (WLFI), as he moved to establish a physical presence in the United States.
The investment gives DWF Labs a governance participation in the project, which has accumulated several cryptocurrencies and is ready to soon launch a stablcoin backed by Treasury invoices of the United States in the short term and other cash equivalents, called USD1.
Trump tokens are quoted at $ 12.7, only 0.1% for the day and 42% in the last 30 days.
Read more: why Trump’s rates could be good for Bitcoin
