A Tiny Company Wants to Buy $20M TRUMP Token to Change U.S.-Mexico Trade Deals
The post A Tiny Company Wants to Buy $20M TRUMP Token to Change U.S.-Mexico Trade Deals appeared on BitcoinEthereumNews.com. Freight Technologies (FRGT), a $4.8 million market cap logistics tech firm focused on cross-border trade between the U.S. and Mexico, has entered an agreement to buy up to $20 million in the Official Trump Token (TRUMP) to build out its crypto treasury. The company said it secured the funding through a convertible note facility with an institutional investor, with an initial $1 million tranche already committed. The capital will be used solely to acquire TRUMP tokens, making it one of the first publicly listed companies to do so. The decision follows a separate investment in AI-linked FET tokens currently valued at $8 million, which the company says supports AI tools used across its logistics platforms. Buying digital assets for publicly traded companies isn’t a new strategy. Michael Saylor championed it with a bitcoin strategy, and others, such as Semler Scientific (SMLR), followed through. Most recently, Cantor (CEP) is making a splash with huge dry powder to do the same. Meanwhile, companies such as Sol Strategies (HODL) and Janover (JNVR) are buying up SOL tokens to give investors exposure to the cryptocurrency. The trend is also picking up in Japan, where hotel firm Metaplanet has recently hit 5,000 BTC on its balance sheet and issued $25 million in bonds to fund additional purchases. Smaller firms, including Value Creation, Remixpoint, NEXON, Anap Holdings, and WEMADE are also accumulating the cryptocurrency. However, Freight’s mandate is slightly different: to influence the U.S.-Mexico trade deal amid President Trump’s all-out trade war. “We believe that the addition of the Official Trump tokens are an excellent way to diversify our crypto treasury, and also an effective way to advocate for fair, balanced, and free trade between Mexico and the US,” Javier Selgas, the company’s CEO, said in a press release on April 30. While such a strategy…
The post A Tiny Company Wants to Buy $20M TRUMP Token to Change U.S.-Mexico Trade Deals appeared on BitcoinEthereumNews.com.
Freight Technologies (FRGT), a $4.8 million market cap logistics tech firm focused on cross-border trade between the U.S. and Mexico, has entered an agreement to buy up to $20 million in the Official Trump Token (TRUMP) to build out its crypto treasury. The company said it secured the funding through a convertible note facility with an institutional investor, with an initial $1 million tranche already committed. The capital will be used solely to acquire TRUMP tokens, making it one of the first publicly listed companies to do so. The decision follows a separate investment in AI-linked FET tokens currently valued at $8 million, which the company says supports AI tools used across its logistics platforms. Buying digital assets for publicly traded companies isn’t a new strategy. Michael Saylor championed it with a bitcoin strategy, and others, such as Semler Scientific (SMLR), followed through. Most recently, Cantor (CEP) is making a splash with huge dry powder to do the same. Meanwhile, companies such as Sol Strategies (HODL) and Janover (JNVR) are buying up SOL tokens to give investors exposure to the cryptocurrency. The trend is also picking up in Japan, where hotel firm Metaplanet has recently hit 5,000 BTC on its balance sheet and issued $25 million in bonds to fund additional purchases. Smaller firms, including Value Creation, Remixpoint, NEXON, Anap Holdings, and WEMADE are also accumulating the cryptocurrency. However, Freight’s mandate is slightly different: to influence the U.S.-Mexico trade deal amid President Trump’s all-out trade war. “We believe that the addition of the Official Trump tokens are an excellent way to diversify our crypto treasury, and also an effective way to advocate for fair, balanced, and free trade between Mexico and the US,” Javier Selgas, the company’s CEO, said in a press release on April 30. While such a strategy…
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