Little-Known Company Intends to Invest $20M in TRUMP Token to Alter U.S.-Mexico Trade Dynamics

Freight Technologies (FRGT), a technology company specializing in logistics, has announced its decision to acquire $20 million in TRUMP tokens, marking a bold move to influence U.S.-Mexico trade policy. The acquisition is part of a broader strategy to bolster its standing in both the crypto market and international trade negotiations between the two countries.

The firm has secured the necessary funds for the purchase through a convertible note with an institutional investor. With the first $1 million already committed, Freight plans to buy the tokens as a way to diversify its investment portfolio while simultaneously positioning itself as a key player in the ongoing trade discussions between the U.S. and Mexico.

“We see a tremendous opportunity in acquiring TRUMP tokens,” said Javier Selgas, CEO of Freight Technologies. “Not only does this move give us exposure to the evolving crypto market, but it also allows us to advocate for more favorable and stable trade policies between the U.S. and Mexico, which are crucial for our logistics operations.”

Freight Technologies, which has already made significant strides in AI-powered logistics, also has a history of making bold investments. The company’s portfolio includes stakes in FET tokens, used in its cross-border logistics systems. This latest acquisition comes amid a growing trend among companies to integrate digital assets into their operations for both investment and strategic purposes.

The TRUMP token, while attracting attention for its controversial ties to former U.S. President Donald Trump, is seen by Freight as a tool for asserting influence in the shifting global trade landscape. Some Democratic lawmakers, like Senator Jon Ossoff, have raised concerns about the potential conflicts of interest that come with such investments, especially given the political nature of the token.

Despite the criticisms, Freight Technologies believes its crypto investment will strengthen its negotiating position, especially considering the significant role Mexico plays as the U.S.’s largest trading partner. “The future of U.S.-Mexico trade is vital to the success of our business, and this investment gives us a unique advantage,” Selgas added.

Following the announcement, Freight Technologies’ stock saw an impressive 111% surge, although it fell 21.6% in after-hours trading, reflecting the volatility of the crypto market and investor sentiment.

Freight’s expansion plans extend beyond crypto. The company is also looking to diversify its investments with a focus on the Latin American market. Its latest initiative includes investing in Adecoagro, a major agribusiness, and developing its own stablecoin to facilitate smoother cross-border transactions.