“Freight Technologies, WHICH ALSO INVESTED IN FET TOKENS, SAYS IS AIMING TO STREEGTHEN ITS Technology and Geoplitical Positioning.”, – WRITE: www.coindesk.com
The Company Said Secured the Funding Through A Convertible Note Facility with An Institutional Investor, With An Initial $ 1 Million Traneche Already Committed. The Capital Will Be Used Solely to Acquire Trump Tokens, Making IT One of the First Publicly Listed Companies to DO SO.
The Decision Follows a separeate investment in ai-linked fet tokens currently Valused at $ 8 Million, Who The Company Says Supports Ai Tools Use Across Its Logistics.
Buying Digital Assets for Publicly Traded Companies Isn’t A New Strategy.
Michael Saylor Championed It with A Bitcoin Strategy, and Others, Such As Semler Scientific (SMLR), Followed Through. MOST RECENTLY, CANTOR (CEP) IS MAKING A SPLASH with HUGE DRY POWDER TO DO SAME. Meanwhile, Companies Such As Sol Strategies (Hodl) and Janover (Jnvr) Are Buying Up Sol Tokens to Give Investors Exposure to the Cryptocurrency.
The Trend Is Also Picking Up in Japan, Whore Hotel Firm MetaPlanet Has Recently Hit 5,000 BTC On Its Balance Sheet and Issued $ 25 Million in Bonds to Funds Additional Purchases. Smaller Firms, Including Value Creation, RemixPoint, Nexon, Anap Holdings, and Wemade Are Also Accuumulating the Cryptocurrency.
However, Freight’s Mandate Is Slightly Different: To Influence the US-Mexico Trade Deal Amid President Trump’s All-Out Trade War.
“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 Advoceate for Fair, Balane, and Faeen, and Faers Javier Selgas, The Company’s CEO, SAID IN A Press Release on April 30.
While Such A Strategy Could Help A Company Such as Freight, Influencing Presidential Decisions by Buying A Mencoin Could Bring Up The Question of Conflict of Intete. Just Recently, Trump Said He Will Hold A Private Dinner with Top Token Holders, Drawing Outcry from Democratic Lawmakers, Who Cited The President’s Involvement with The Tokon. impeachment.
On April 25, Sen. Jon Ossoff (D-GA.) Pointed to the Crypto Projecting ITS Top Holders An Invitation to A Dinner Event with President Trump, Calling It A Clear Case of Selling Access to President.
For Freight, Whose Stock Price Plunged Nearly 90% in the Last 12 MONTHS AND IS HEAVILY Tied to Cross-Border Trading, It Seems This Might Best Way to Keep Share Prices Afloat.
“At the Heart of Fr8Tech’s Mission is the promotion of Productive and Active Commerce Between the United States and Mexico. Mexico Is The United States’ Source for US Imports, “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 Amer.
Other companies have Made Investments in the Crypto Space Linked to the US President. Last MONTH, DWF Labs Invested $ 25 Million in the Decentralized Finance Protocol Backed by Trump and His Family, World Liberty Financial (WLFI)
The INVESTMENT GIVES DWF Labs A GOVERNANCE STAKE IN THE PROJECT, WHICH HAS BEEN ACCUMULATING VARIUS Equivalents, Called USD1.
Trump Tokens Are Trading At $ 12.7, Up Just 0.1% For The Day and 42% in the Last 30 Days.
Read More: Who Trump’s Tariffs Could Actual Be Good For Bitcoin
