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BTCC / BTCC Square / Global Cryptocurrency /
Freight Tech Allocates $20M to Trump Token for Crypto Treasury Diversification

Freight Tech Allocates $20M to Trump Token for Crypto Treasury Diversification

Author:
Global Cryptocurrency
Published:
2025-05-03 18:56:14
14
3
TRUMP News -

Freight Technologies (FRGT), a Nasdaq-listed logistics company focused on U.S.-Mexico cross-border trade, has pledged to buy up to $20 million worth of the Official Trump Token (TRUMP). The $4.8 million market cap firm secured funding via a convertible note facility, with an initial $1 million tranche dedicated solely to TRUMP purchases.

CEO Javier Selgas described the move as a strategic treasury diversification effort, highlighting the token’s alignment with promoting "fair, balanced trade policies." This decision represents one of the first cases of a public company earmarking corporate funds specifically for a politically themed cryptocurrency.

|Square

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