So, like, Freight Technologies, which also like invested in FET tokens, says it’s aiming to like strengthen its like technology and geopolitical positioning. On May 3, 2025, at 4:47 p.m., Freight Technologies (FRGT), a $4.8 million market cap logistics tech firm all about cross-border trade between the U.S. and Mexico, decided to like enter an agreement to buy up to $20 million in the Official Trump Token (TRUMP) to like build out its crypto treasury. The company was all like, “We secured the funding through a convertible note facility with an institutional investor, with an initial $1 million tranche already committed.” The capital is gonna be used only to acquire TRUMP tokens, making it one of the first publicly listed companies to do so.
This decision comes after another investment in AI-linked FET tokens currently valued at $8 million, which the company claims like supports AI tools used across its logistics platforms. Buying digital assets for publicly traded companies ain’t like a new strategy, ya know? Michael Saylor was all about it with a bitcoin strategy, and others, like Semler Scientific (SMLR), followed suit. Lately, Cantor (CEP) is like making a splash with huge dry powder to do the same. Meanwhile, companies like Sol Strategies (HODL) and Janover (JNVR) are like buying up SOL tokens to give investors exposure to the cryptocurrency. The trend is also picking up in Japan, where hotel firm Metaplanet has recently hit 5,000 BTC on its balance sheet and issued $25 million in bonds to fund additional purchases. Smaller firms, including Value Creation, Remixpoint, NEXON, Anap Holdings, and WEMADE are also accumulating the cryptocurrency.
Freight’s goal is a bit different though, they wanna influence the U.S.-Mexico trade deal during President Trump’s all-out trade war. Javier Selgas, the company’s CEO, was like, “We believe that the addition of the Official Trump tokens are an excellent way to diversify our crypto treasury, and also an effective way to advocate for fair, balanced, and free trade between Mexico and the US.” But like, buying a memecoin to influence presidential decisions could raise the question of conflict of interest. Just recently, Trump said he’s gonna have a private dinner with top token holders, drawing outcry from Democratic lawmakers, who cited the president’s involvement with the token as potential grounds for impeachment.
On April 25, Sen. Jon Ossoff (D-Ga.) was like, “Yo, the crypto project offering its top holders an invitation to a dinner event with President Trump is a clear case of selling access to the presidency.” But for Freight, whose stock price dropped nearly 90% in the last 12 months and is heavily tied to cross-border trading, this might be the best way to keep share prices afloat, ya know? “At the heart of Fr8Tech’s mission is the promotion of productive and active commerce between the United States and Mexico,” Selgas added. After announcing the move, Freight Technologies’ shares jumped over 111% before the closing bell on Friday. However, in after-hours trading, the stock plunged 21.6%.
Freight Technologies’ product lineup includes a suite of applications, ranging from cross-border freight booking to transportation management, all aimed at modernizing the flow of goods in North America. Other companies have made investments in the crypto space linked to the U.S. President. Last month, DWF Labs invested $25 million in the decentralized finance protocol backed by Trump and his family, World Liberty Financial (WLFI), as it moved to establish a physical presence in the U.S.
The investment gives DWF Labs a governance stake in the project, which has been accumulating various cryptocurrencies and is set to soon launch a stablecoin backed by short-term U.S. Treasury bills and other cash equivalents, called USD1. TRUMP tokens are trading at $12.7, up just 0.1% for the day and 42% in the last 30 days.
