A Niche Company Plans $20M Purchase of TRUMP Token to Reshape U.S.-Mexico Trade Relations

A lesser-known tech startup, Freight Technologies (FRGT), has announced plans to purchase up to $20 million in TRUMP tokens in a bold move to leverage the burgeoning crypto market and assert influence over U.S.-Mexico trade relations. The company, which focuses on logistics technology, has made waves by securing an institutional investor for a convertible note agreement to fund its crypto acquisition.

The startup intends to use the investment to bolster its crypto holdings while simultaneously enhancing its presence in U.S.-Mexico trade negotiations. “By acquiring TRUMP tokens, we are not only diversifying our asset portfolio but also positioning ourselves as a key player in the broader trade ecosystem between the U.S. and Mexico,” said Javier Selgas, CEO of Freight Technologies.

This acquisition follows a trend set by prominent figures like Michael Saylor, who pioneered the use of Bitcoin as a treasury asset for companies. However, Freight Technologies’ decision to focus on TRUMP tokens is a unique departure from other crypto strategies, signaling its desire to influence trade policy and bolster its business prospects. While the TRUMP token is primarily tied to the legacy of the former president, its implications are significant for companies looking to align themselves with political movements and maximize market positioning.

Selgas further emphasized that the company’s investments in blockchain technologies, including FET tokens, are integral to their AI-powered logistics platform aimed at optimizing cross-border trade. The firm hopes its $20 million commitment to TRUMP tokens will help ensure stability in North American logistics, especially in the face of shifting trade dynamics.

The announcement comes amidst growing scrutiny of President Trump’s involvement in the crypto sector. Critics, including Democratic lawmakers such as Senator Jon Ossoff, have raised concerns over the potential for conflicts of interest, particularly around the TRUMP token’s role in influencing international trade and finance. Nevertheless, Freight Technologies remains resolute in its belief that its investment is not just about acquiring assets but shaping a stronger future for U.S.-Mexico commerce.

The news had a notable impact on Freight Technologies’ stock, which surged 111% upon the announcement, although the company saw a significant 21.6% drop in after-hours trading. Despite the volatility, Freight’s move highlights the growing interest in leveraging digital assets as a tool for strategic business influence.

Freight Technologies has also expanded its portfolio by increasing its holdings in Adecoagro, a leading agribusiness in Latin America, and announced plans to launch its own stablecoin to enhance cross-border transactions. The firm’s efforts to navigate both the crypto and logistics markets reflect a broader trend of diversification among technology firms in the face of increasing geopolitical uncertainties.