Tiny Company Set to Purchase $20 Million in TRUMP Token to Change US-Mexico Trade Deals

Freight Technologies, which has also invested in FET tokens, says its goal is to improve technological and geopolitical positions.

By Francisco Rodriguez | Edited by Aoyon Ashraf May 3, 2025, 4:47 PM

What you should know:

• Freight Technologies plans to invest up to $20 million in the official Trump token (TRUMP) as part of the creation of a cryptocurrency storage facility.
• Freight Technologies shares rose more than 111% following the announcement but fell 21.6% in after-hours trading.

Freight Technologies (FRGT), a $4.8 million market cap logistics technology company focused on cross-border trade between the U.S. and Mexico, has entered into an agreement to purchase up to $20 million in official Trump tokens (TRUMP) to bolster its cryptocurrency holdings.

The company said it has raised funding via a convertible bond from an institutional investor, with the first tranche of $1 million already committed. The capital will be used exclusively to purchase TRUMP tokens, making it one of the first publicly listed companies to do so.

By subscribing, you will receive emails about CoinDesk products and agree to our terms of use and privacy policy .

The move comes after an investment in AI-linked FET tokens, currently valued at $8 million, which the company says will support the AI tools used in its logistics platforms.

Acquiring digital assets for public companies is not a new strategy.

Michael Saylor championed this with his Bitcoin strategy, and others like Semler Scientific (SMLR) have followed suit. More recently, Cantor (CEP) has made waves with the significant resources to pull it off. Meanwhile, companies like Sol Strategies (HODL) and Janover (JNVR) are buying up SOL tokens to give investors exposure to the cryptocurrency.

The trend is also accelerating in Japan, where hotel company Metaplanet recently hit 5,000 BTC on its balance sheet and issued $25 million in bonds to fund further purchases. Smaller firms including Value Creation, Remixpoint, NEXON, Anap Holdings, and WEMADE are also accumulating the cryptocurrency.

But Freight's mission is somewhat different: to influence a trade deal between the U.S. and Mexico in the midst of a full-blown trade war under President Trump.

“We believe that adding official Trump tokens is a great way to diversify our cryptocurrency coffers and an effective way to advocate for fair, balanced, and free trade between Mexico and the United States,” the company’s CEO Javier Selgas said in a press release on April 30.

While such a strategy could support a company like Freight, attempting to influence the president’s decisions through the purchase of a memecoin could raise questions about conflicts of interest. Trump recently mentioned plans to hold a private dinner with top token holders, angering Democratic lawmakers who have cited the president’s involvement in the token as a potential impeachment issue.

On April 25, Sen. Jon Ossoff (D-GA) noted that a cryptocurrency project was offering its largest holders an invitation to dinner with President Trump, which he called an obvious example of selling access to the presidency.

For Freight, whose stock price has fallen nearly 90% over the past year and which is closely linked to cross-border trade, this may be the best way to keep its share price afloat.

“At the core of Fr8Tech’s mission is to promote productive and vibrant trade between the United States and Mexico. Mexico is a key

Источник