Freight Technologies Pioneers $TRUMP Crypto Treasury with $20M Convertible Note Facility

May 2, 2025

DENVER, Colo., May 02, 2025 (247marketnews.com)- Freight Technologies (NASDAQ:FRGT) secured a convertible note facility of up to $20 million, with an institutional investor. The capital is exclusively dedicated to acquiring Official Trump Tokens ($TRUMP), positioning Fr8Tech as one of the first publicly traded companies to integrate $TRUMP as a cornerstone of its digital asset treasury strategy. This move, following the company’s recent $8 million acquisition of FET tokens, underscores Fr8Tech’s bold vision to diversify its treasury with high-potential cryptocurrencies, enhancing its financial strategy in the $1.5 trillion digital asset market.

The agreement allows Fr8Tech to issue convertible notes up to $20 million, starting with an initial $1 million tranche and up to $19 million in subsequent drawdowns, subject to specific conditions. The funds are earmarked for purchasing $TRUMP tokens, a cryptocurrency tied to the Official Trump brand, which has gained traction amid heightened political and retail interest in 2025. The transaction builds on Fr8Tech’s diversified crypto treasury, initiated with its FET token holdings, currently valued at ~$8 million as of April 29, 2025 (per CoinMarketCap). Full details are available in Fr8Tech’s Form 8-K filed April 30, 2025.

Javier Selgas, Fr8Tech’s CEO, stated, “The recent acquisition of FET Tokens to our treasury combined with the AI solutions FET supports, continues to help us develop our technology. 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 advocate for fair, balanced, and free trade between Mexico and the US.”

Fr8Tech’s move to allocate up to $20 million for $TRUMP tokens is a pioneering step, reflecting the company’s innovative approach to treasury management. By integrating $TRUMP alongside FET tokens, Fr8Tech diversifies its $12 million revenue logistics business (per 2024 SEC filings) with high-upside digital assets, mirroring corporate Bitcoin strategies like MicroStrategy’s. The $TRUMP token, fueled by political branding and retail hype, has surged 150% in 2025 (CoinGecko), offering speculative growth potential despite volatility risks. Fr8Tech’s treasury strategy aims to:

  • Capitalize on Crypto Growth: Tap the $1.5 trillion crypto market’s 20% CAGR (Statista, 2025-2030).
  • Enhance Financial Flexibility: Use liquid digital assets to fund acquisitions or working capital, reducing reliance on traditional financing.
  • Diversify Risk: Balance FET’s AI-focused utility with $TRUMP’s meme-driven momentum.

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