freighttechnologies

On May 6, 2025, shares of Freight Technologies – a lesser-known transportation company specializing in supply chain logistics – plummeted to $1.50, losing 30% of their value, just three days after announcing plans to buy TRUMP meme coin to accumulate treasury assets. Is this a smart strategy or a hidden risk? Let's analyze in detail.

Freight Technologies Invests in TRUMP Coin

Freight Technologies, founded in 2015, has signed an agreement with an institutional investor to raise up to $20 million through a convertible bond issuance, with the first tranche of $1 million. According to CEO Javier Selgas, the company will use this money to buy $TRUMP – a meme coin associated with U.S. President Donald Trump – to diversify its crypto treasury and particularly to 'promote fair, balanced, and free trade between the U.S. and Mexico.' He emphasized that Mexico is the U.S.'s top trading partner, and this investment is a way for the company to express its stance on tariff risks.

On April 30, 2025, Freight Technologies, an innovative logistics company (Nasdaq: FRGT), announced a deal for the issuance of convertible bonds amounting to up to $20 million to create a cryptocurrency reserve with Official Trump Tokens (TRUMP). This move makes Fr8Tech one of the first public companies to integrate $TRUMP into its digital asset strategy. The initial tranche is $1 million, with the possibility of raising an additional $19 million.

Freight Technologies (FRGT) announced plans to invest up to $20 million in Trump Tokens (TRUMP), starting with a tranche of $1 million, making it one of the first publicly traded companies to add a meme coin to its crypto treasury.

In your opinion, is this an investment intelligence or an uncalculated step!?
$TRUMP
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