Make Trump Great Again? American logistics company Fr8Tech invests millions of dollars to launch a Trump coin investment plan.

Freight Technologies, a logistics company listed on the NASDAQ in the United States, (Fr8Tech), announced that it will obtain up to $20 million in convertible bond financing to establish a cryptocurrency vault specifically for purchasing Trump meme coins TRUMP, as a dual strategy to support equitable trade between the U.S. and Mexico and strengthen corporate cryptocurrency allocation.

Logistics companies invest in TRUMP meme coin as financial reserves?

Fr8Tech, a logistics solutions company listed on the NASDAQ in the United States, ( stock code: FRGT), announced that it has reached an agreement with an unnamed institutional investor to raise up to $20 million through convertible notes.

Fr8Tech CEO Javier Selgas stated that the funds will be "earmarked for a specific purpose," entirely invested in purchasing the official Trump meme coin TRUMP:

We believe that including the Trump meme coin can not only effectively diversify our encryption asset reserves but also serve as one of the means to promote fair, balanced, and free trade between the United States and Mexico.

The statement indicates that Fr8Tech plans to issue the first batch of notes worth $1 million, with the possibility of raising up to $19 million later. This makes Fr8Tech the first publicly listed company to make TRUMP the core of its digital asset strategy.

Shareholders not buying in? FRGT stock price plummets 20% intraday.

After the news was released, the company's stock price briefly rose on Wednesday but quickly fell back. By Thursday's close, the stock price had plummeted 20.6% during the day, ending at $0.98, which stands in stark contrast to the general upward trend of the U.S. stock market.

It can be seen that in the eyes of the shareholders, the political meme coin cannot realize substantial revenue growth. The company’s attempt to hype the meme coin instead undermined the shareholders' trust in the company.

Next step after trading with Fetch.ai

Just recently, Fr8Tech acquired the native token FET of the artificial intelligence blockchain platform Fetch.ai for 5.2 million USD, and exchanged it for over 2.3 million preferred shares, demonstrating the company's active expansion of its encryption investment portfolio.

Selgas further cited Trump's "America First" statement with U.S. Treasury Secretary Scott Bessent, emphasizing America's commitment to deepening cooperative relationships with trade partners:

One of Fr8Tech's core missions is to promote productive and proactive trade between the United States and Mexico.

Is encryption reserve enterprises becoming a new trend?

As the Trump administration steers the regulatory direction towards establishing a national Bitcoin reserve, more and more companies are choosing to include encryption assets in their corporate reserves.

Including Bitcoin flywheel pioneer Strategy, Japanese version of MicroStrategy Metaplanet, as well as the Twenty One Capital hand-crafted by the U.S. Secretary of Commerce's second son in collaboration with SoftBank (SoftBank) and Tether.

Similar financing repurchase strategies have also been replicated in the encryption field. DeFi Development Corporation and SOL Strategies have recently undergone rebranding, focusing on investments in the Solana ecosystem.

(MicroStrategy in the Solana realm raised a billion dollars to buy SOL, JNVR has jumped nine times )

However, whether Fr8Tech's actions will be effective depends on whether the market is willing to buy in. After all, the slogan "Make America Great Again" may only serve to make Trump great again, and not necessarily make Fr8Tech great as well.

This article makes Trump great again? The American logistics company Fr8Tech invests tens of millions of dollars to launch a TRU investment plan, first appearing in Chain News ABMedia.