![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
Cryptocurrency News Articles
Fr8Tech Industries Inc. (Fr8Tech), a Nasdaq-listed logistics and technology company, has announced a bold step in its Trump token treasury strategy.
May 03, 2025 at 06:00 am
On April 29, 2025, the company entered into a deal with an unidentified institutional partner to secure financing of up to $20 million.
Freight Technologies Inc. (Nasdaq: Fr8Tech), a logistics and technology company, has announced a move to add to its Trump token treasury.
What Happened: Freight Technologies Inc. (Nasdaq: Fr8Tech) will obtain up to $20 million in financing from an institutional partner. The company will use the capital to buy Official Trump Tokens ($TRUMP), a popular political memecoin within the cryptocurrency market.
The company, which previously announced its support for stocks of the TRUMP memecoin, becomes the first public corporation to do so.
The business will obtain the financing through convertible note instruments, it announced in a statement. At this stage, Fr8Tech will deliver a $1 million note allocation and plans to acquire up to $19 million in additional funds through future note draws.
Fr8Tech went down in history as a public company by including $TRUMP as a key part of its digital asset funds. The company’s main focus is on facilitating balanced and varied commerce activities between Mexico and the United States.
“The core objective of Fr8Tech is to foster productive and active commerce between the U.S. and Mexico,” said Javier Selgas, chief executive officer of Fr8Tech.
According to U.S. Treasury Secretary Scott Bessent, America First represents cooperative exploitation between the U.S. and other nations, not isolationist policies. The concept promotes stronger relationships between trade partners rather than creating separation.
After this major development, Fr8Tech acquired FET tokens worth $8 million. The FET tokens are known for supporting computer AI-based freight management solutions. The Trump tokens will enhance their digital portfolio diversity and also strengthen their advocacy for equal and balanced relationships between the United States and Mexico.
Fr8Tech maintains its original approach to digital asset investment as an indicator of progressive company strategies. The addition of TRUMP memecoins to their treasury showcases their belief in both political memetic narratives and financial value potential.
See Also: Best Cryptocurrency Scanners
Crypto Treasury Moves Signal Shift in Corporate Finance Models:
Crucially, the purchase highlights how firms are now viewing cryptocurrency both as a valuable resource for their strategic development and an instrument for advocacy.
The belief in the Official Trump Token is evident through the increased buying activity and vibrant user base. According to CoinMarketCap data, the token stands at $13.37 per coin, displaying a 2.8% gain in the last 24 hours while its market capitalization remains at $2.6 billion.
With its strategic decision, Fr8Tech positions itself as a market leader for corporate participation in crypto assets. The $TRUMP token investment made by Fr8Tech presents a potential model for other businesses to consider when evaluating digital technology diversity in their treasuries.
The exact agreement along with detailed transaction terms is documented in Fr8Tech’s Form 8-K report, which was published on April 30, 2025. The proposed strategy carries uncertainty but at the same time generates new potential solutions for shipping operations and money management systems.
The $20 million Trump token investment by Fr8Tech signifies more than financial capital as it serves multiple purposes. The company leverages digital assets to maintain its support for expanding trade, technology, and political agendas in the evolving global economic landscape.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.