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Freight Technologies to Purchase Additional $1 Million of Official Trump Tokens
Globenewswireยท 2025-05-12 12:30
Core Viewpoint - Freight Technologies, Inc. (Fr8Tech) is actively investing in blockchain-based digital assets, specifically purchasing Official Trump tokens, to enhance its financial strategy and advocate for fair trade across the US-Mexico border [1][2]. Company Summary - Fr8Tech has issued an additional $1 million in convertible notes, increasing its total investment in TRUMP tokens to $2 million [1]. - The company emphasizes the importance of fair and free trade, highlighting that cross-border trade between the US and Mexico reached $840 billion last year, supporting thousands of companies and millions of jobs [2]. - The CEO of Fr8Tech, Javier Selgas, expressed confidence in the long-term value of blockchain assets and the potential for collaborative trade solutions between the two countries [2]. - The CFO, Don Quinby, reported that the company's digital assets, including the initial $1 million purchase of TRUMP, are valued at approximately $10.7 million as of May 11, 2025 [3]. Industry Context - Fr8Tech operates within the logistics management sector, offering a range of technology-driven solutions aimed at optimizing supply chain processes [4]. - The company's portfolio includes various platforms such as Fr8App for cross-border shipping, Fr8Now for less-than-truckload shipping, and Waavely for ocean freight management, all designed to improve operational efficiency [4].