Nasdaq-Listed Logistics Firm Allocates $20M to Trump-Themed Token
Freight Technologies (Fr8Tech), a Nasdaq-listed logistics company, is making waves in the crypto space with an unconventional bet—a $20 million investment in the Official Trump (TRUMP) token. The move diverges sharply from corporate trends favoring established assets like Bitcoin or Ethereum.
The funding will be executed via convertible notes issued to an institutional investor, creating a dedicated crypto treasury for TRUMP. CEO Javier Selgas frames the decision as both a portfolio diversification play and a political statement supporting U.S. economic policies under a potential Trump administration.