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Cryptocurrency News Articles
Freight Technologies (Nasdaq: FRGT) Invests Millions in Trump Token (TRUMP)
May 02, 2025 at 01:35 pm
FRGT has stunned both logistics and crypto markets with an unconventional treasury move—investing millions into the politically charged Trump Token (TRUMP).
Freight Technologies (Nasdaq: FRGT) has made a surprising move by investing millions of his personal fortune into the Trump Token (TRUMP). The company, known for its freight brokerage platform and advanced logistics solutions, is acquiring up to a $20 million convertible note in the token.
According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Fr8Tech has already committed $1 million toward the purchase, with the remaining amount spread over the next two years. The convertible note agreement, signed on April 29, 2025, will allow the company to convert the investment into Fr8Tech shares at a substantial discount.
This move comes as part of Fr8Tech’s broader strategy to integrate digital assets into its treasury management and operating model. The company’s flagship products, Fr8App and Fr8Now, leverage AI to match freight with carriers in real-time, aiming to optimize U.S.–Mexico trade.
“This investment aligns with Fr8Tech’s mission to bring cutting-edge technology to revolutionize the logistics industry and streamline trade between the U.S. and Mexico,” said CEO Javier Selgas. “We see digital assets like TRUMP and FET as both symbolic and practical tools for innovation, reflecting ideals of free and fair trade, which are fundamental to our company’s values and the efficient operation of our logistics model.”
While the company has not yet disclosed the specific use cases for TRUMP tokens in its ecosystem, sources familiar with the matter suggest that the token could be integrated into Fr8Tech’s supply chain tokenization plans or used to develop user incentive programs.
This surprising move by Fr8Tech could have significant implications for other public companies and the broader Web3 ecosystem. As the Trump administration continues to prioritize regulatory clarity for the crypto industry, mid-cap firms may be encouraged to explore alternative treasury models and integrate tokenized assets into their operations.
This approach could fundamentally alter how companies position themselves in the political and economic landscape while engaging with the decentralized technologies of Web3.
If successful, Fr8Tech’s strategy could see both TRUMP and FET tokens acting as speculative assets, generating potential gains for the company, and strategic assets, signaling Fr8Tech’s values and technological commitments to investors, partners, and users.
Stay tuned for more updates on this developing story.
The post Freight Technologies to Invest Millions in Trump Token, Fusing Politics and Tech appeared first on TokenPulse Blog.
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This content is not intended to be a recommendation to buy or sell securities.
The post Freight Technologies to Invest Millions in Trump Token, Fusing Politics and Tech appeared first on TokenPulse Blog.
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