Goin' All-In: Freight Technologies Buys $20M Worth of Trump's Meme Coin for a Take on MicroStrategy's Strategy
Cross-Border Shipping Corporation Set to Invest $20 Million in TRUMP Digital Currency Token
That's right, y'all! Freight Technologies, the cross-border transportation logistics company, has just dropped a bombshell—purchasing a whopping $20 million worth of Trump's very own meme coin. And no, this ain't about crypto buzz or meme hype. It's all about those pesky tariffs with Mexico causing headaches for the company.
Trumpcoin Frenzy
Since its inception, Donald Trump's meme coin has stirred up an ocean of controversy. Here's what's cooking: a sizeable chunk of President Trump's cash is tied up in crypto, and experts (not to mention ex-regulators) are on high alert, warning about Trumps' potential for corruption. Freight Technologies' decision to do a Trump Treasury is casting worry newly upon the waters.
In their press release, Freight Technologies details the whys and hows of their $20 million Trump investment. You guessed it—the focus here is on tariff impacts on their earnings, nothing crypto.
According to CEO Javier Selgas, Freight Technologies aims to promote productive commerce between the United States and Mexico, with Mexico being the U.S.'s top trading partner. By investing in Trump's token, Freight hopes to advocate for fair, balanced, and free trade between Mexico and the U.S.
Being deeply entwined with cross-border shipping with Mexico, Freight uses AI to optimize trade. With the prospect of a trade war with the U.S.'s southern neighbor, the company could face sizable damage, but President Trump has already signed off on tariff carve-outs for specific companies.
Of course, Freight's statement didn't directly appeal for a carve-out, but reports suggest that crypto companies have obtained legal benefits from donating to Trump's inauguration—some after having donated as low as $100,000, making you wonder if $20 million could get the President's attention.
Tariff Talking Points
Freight's statement didn't explicitly beg for a carve-out, but rumblings on the crypto block suggest they might want the Mexico tariffs removed entirely, or at least directly. However, it's unclear if they're seeking a carve-out while the tariffs continue or demanding their removal.
Keep a watchful eye on this story—companies are now jumping on the MicroStrategy-style cash-for-crypto train, with firms like Solana and others likely to follow. Let's see if Freight's Trump move pays off or sends their stock spiraling down the tubes.
Disclaimer
In compliance with the Trust Project's guidelines, BeInCrypto is all about unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Don't be a dumbbell—knowledge is power, but it ain't worth squat if you don't use it wisely.
- Freight Technologies, a logistics company, has bought $20 million worth of Donald Trump's meme coin, hoping to influence fair trade with Mexico.
- Despite being a meme coin, Trump's token is tied to real-world concerns such as tariffs between the U.S. and Mexico.
- Experts are concerned about potential conflicts of interest as a significant portion of President Trump's wealth is in crypto.
- Freight Technologies' investment in Trump's token is part of their strategy to promote productive commerce and free trade with Mexico.
- Cross-border shipping experts like Freight may face significant damage due to ongoing trade tensions, but carve-outs for specific companies have been signed off by President Trump.
- The $20 million investment by Freight Technologies is a move that follows MicroStrategy's strategy of converting cash reserves into crypto assets.
- With freight companies like Freight Technologies and others potentially investing in crypto for political influence, the future of trading and DeFi on the blockchain could see significant shifts.
