A Tiny Company Wants to Buy $20M TRUMP Token to Change U.S.-Mexico Trade Deals

Freight Technologies (FRGT), a $4.8 million market cap logistics tech agency targeted on cross-border commerce between the U.S. and Mexico, has entered an settlement to purchase up to $20 million within the Official Trump Token (TRUMP) to construct out its crypto treasury.

The firm mentioned it secured the funding by way of a convertible notice facility with an institutional investor, with an preliminary $1 million tranche already dedicated. The capital might be used solely to purchase TRUMP tokens, making it one of many first publicly listed firms to accomplish that.

The resolution follows a separate funding in AI-linked FET tokens at the moment valued at $8 million, which the corporate says helps AI instruments used throughout its logistics platforms.

Buying digital property for publicly traded firms is not a brand new technique.

Michael Saylor championed it with a bitcoin technique, and others, equivalent to Semler Scientific (SMLR), adopted by way of. Most not too long ago, Cantor (CEP) is making a splash with enormous dry powder to do the identical. Meanwhile, firms equivalent to Sol Strategies (HODL) and Janover (JNVR) are shopping for up SOL tokens to give traders publicity to the cryptocurrency.

The pattern can be choosing up in Japan, the place lodge agency Metaplanet has not too long ago hit 5,000 BTC on its stability sheet and issued $25 million in bonds to fund further purchases. Smaller companies, together with Value Creation, Remixpoint, NEXON, Anap Holdings, and WEMADE are additionally accumulating the cryptocurrency.

However, Freight’s mandate is barely completely different: to affect the U.S.-Mexico commerce deal amid President Trump’s all-out commerce battle.

“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 corporate’s CEO, mentioned in a press launch on April 30.

While such a technique might assist an organization equivalent to Freight, influencing presidential choices by shopping for a memecoin might convey up the query of battle of curiosity. Just not too long ago, Trump mentioned he’ll maintain a personal dinner with prime token holders, drawing outcry from Democratic lawmakers, who cited the president’s involvement with the token as potential grounds for impeachment.

On April 25, Sen. Jon Ossoff (D-Ga.) pointed to the crypto venture providing its prime holders an invite to a dinner occasion with President Trump, calling it a transparent case of promoting entry to the presidency.

For Freight, whose inventory value plunged practically 90% within the final 12 months and is closely tied to cross-border buying and selling, it appears this is perhaps one of the simplest ways to hold share costs afloat.

“At the guts of Fr8Tech’s mission is the promotion of productive and energetic commerce between the United States and Mexico. Mexico is the United States’ prime items buying and selling accomplice, with Mexico being the main vacation spot for US exports and the highest supply for US imports,” Selgas added.

After announcing the move, Freight Technologies’ shares jumped over 111% before the closing bell on Friday. However, in after-hours trading, the stock plunged 21.6%.

Freight Technologies’ product lineup includes a suite of applications, ranging from cross-border freight booking to transportation management, all aimed at modernizing the flow of goods in North America.

Other companies have made investments in the crypto space linked to the U.S. President. Last month, DWF Labs invested $25 million in the decentralized finance protocol backed by Trump and his family, World Liberty Financial (WLFI), as it moved to establish a physical presence in the U.S.

The investment gives DWF Labs a governance stake in the project, which has been accumulating various cryptocurrencies and is set to soon launch a stablecoin backed by short-term U.S. Treasury bills and other cash equivalents, called USD1.

TRUMP tokens are trading at $12.7, up just 0.1% for the day and 42% in the last 30 days.

Read more: Why Trump’s Tariffs Could Actually be Good for Bitcoin