Freight Technologies, a logistics tech firm with a modest market cap of $4.8 million, is making waves with an audacious move. The company has announced its intention to purchase up to $20 million in Official Trump Tokens (TRUMP), a decision that could potentially influence U.S.-Mexico trade dynamics. The acquisition is part of Freight’s broader strategy to diversify its crypto treasury and advocate for fair cross-border trade—a mission that aligns closely with its business operations.
A Bold Move into the Crypto Sphere
Freight Technologies, known for its focus on cross-border trade between the U.S. and Mexico, has secured funding through a convertible note facility from an institutional investor, with an initial commitment of $1 million. This funding will be funneled exclusively into acquiring TRUMP tokens, making Freight one of the first publicly traded companies to venture into this specific digital asset.
Javier Selgas, CEO of Freight, explained, “We believe that the addition of the Official Trump tokens is 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 U.S.”
Such a strategy is not unprecedented. Similar trends have been observed with companies like MicroStrategy, led by Michael Saylor, which famously adopted a bitcoin-centric strategy. Other firms such as Semler Scientific and Cantor have followed suit. Meanwhile, in Japan, companies like Metaplanet are also bolstering their crypto portfolios, with a focus on bitcoin. This mirrors the optimism seen in Bitcoin Traders Eye Breakout to New Highs as Trump Says Tariff Deals Progressing, where market movements are closely tied to political developments.
The Potential for Trade Influence
Freight’s move appears to be more than just a financial maneuver. It signals an attempt to wield influence over trade negotiations between the two nations, particularly in light of President Trump’s contentious trade policies. Yet, this approach raises eyebrows over potential conflicts of interest—especially given recent reports of Trump planning a private dinner with top token holders, stirring controversy and calls for scrutiny.
Democratic lawmakers, including Sen. Jon Ossoff, have voiced concerns over the perceived selling of access to the presidency. “Offering top holders an invitation to a dinner event with President Trump is a clear case of selling access to the presidency,” Ossoff noted. For more insights into the legislative landscape surrounding these developments, see Trump’s Crypto Sherpa Bo Hines Says Crypto Legislation on Target for Quick Completion.
For Freight, whose stock has plummeted nearly 90% over the past year, the stakes are high. The company is betting that this bold step will not only stabilize its share price but also reinforce its core mission of fostering active commerce between the U.S. and Mexico. After the announcement, Freight’s shares surged over 111% before the market close on Friday, only to drop 21.6% in after-hours trading.
A Broader Crypto Strategy
Freight’s foray into the TRUMP token is part of a larger trend among companies seeking to incorporate cryptocurrency into their operations. Recently, DWF Labs made a significant $25 million investment in World Liberty Financial, a decentralized finance protocol linked to Trump, which aims to launch a stablecoin backed by U.S. Treasury bills.
This trend reflects a growing acceptance of digital currencies as legitimate financial instruments, despite their inherent volatility and regulatory challenges. As companies like Freight continue to explore these avenues, the implications for traditional trade and financial markets remain to be seen.
What does this mean for the future? Freight’s bold gamble may set a precedent for other businesses looking to leverage cryptocurrency for strategic advantages. Yet, it also underscores the complex interplay between digital assets and political influence—an area ripe for further scrutiny and debate. As the world watches, the question remains: Can such strategies truly reshape international trade relations, or are they merely high-stakes experiments in a rapidly evolving financial landscape?
Source
This article is based on: A Tiny Company Wants to Buy $20M TRUMP Token to Change U.S.-Mexico Trade Deals
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
