Well, folks, hold on to your hats, because Freight Technologies, a micro-cap logistics firm, just made a bold move this week. They’re acquiring the official TRUMP meme coin and stashing it as a treasury reserve asset! Yes, you read that right, meme coins are now a legitimate part of a company’s balance sheet.
Logistics Meets Memes: Freight Tech Goes All In on TRUMP Coin
In what can only be described as a wild departure from traditional business strategies, Freight Technologies, Inc. (Nasdaq: FRGT) is diving headfirst into the meme coin world. Instead of hoarding Bitcoin like everyone else, they’re picking up the official TRUMP token. And if you’re wondering if this is a joke… well, it’s not. They’ve gone and entered a convertible note agreement with an institutional investor worth up to USD $20 million. That’s right, they’re putting their money where the meme is.
And no, this isn’t just a passing fancy. The proceeds from this deal are *solely* going toward buying up more of those TRUMP tokens, making Freight Technologies one of the first publicly traded companies to hitch its digital asset wagon to the meme coin. Because, why not?
“Our mission is to push for smooth and productive trade between the United States and Mexico,” says Javier Selgas, Freight Technologies’ CEO. And while he’s all business, he’s not above a little meme magic: “Mexico is the top U.S. trading partner, and we’re bringing TRUMP tokens into the fold as part of our strategy.” So, forget traditional assets – the future is clearly *TRUMP tokens*.
And here’s the kicker:
“By adding TRUMP tokens to our treasury, we’re diversifying our crypto holdings and pushing for fair trade between the U.S. and Mexico,” Selgas continued, clearly convinced that memes and serious trade talk go hand in hand.
In the last 24 hours, the TRUMP meme coin has seen a 2.4% gain against the dollar, and has surged by 69.5% over the last two weeks. As of late Friday afternoon, the TRUMP token was trading at $13.15—still *way* off its peak of $73.43 from January 2025. Meanwhile, FRGT shares are on a hot streak, up 111% for the day. Talk about a rollercoaster!
Sure, this bold move might make headlines, but let’s be real: turning a meme coin into a treasury asset is walking a fine line between cutting-edge innovation and a stunt for attention. Is this a savvy business decision, or just an over-the-top gamble on meme coin mania? Only time will tell. But one thing’s for sure – it’s gonna be a bumpy (and highly entertaining) ride!
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2025-05-03 00:57