Freight Technologies Commits $20M to Trump Token (TRUMP) as Part of Crypto Treasury Strategy
Freight Technologies (FRGT), a logistics company focused on U.S.-Mexico cross-border trade, has allocated $20 million to purchase the Official Trump Token (TRUMP). This strategic move diversifies its digital asset holdings, making FRGT one of the few publicly traded firms actively investing in cryptocurrency.
An initial $1 million has already been spent, with the remaining $19 million reserved for additional TRUMP acquisitions. The funding was secured through a convertible note facility with an institutional partner, highlighting increasing institutional demand for politically aligned crypto assets.