Freight Technologies Expands Digital Asset Strategy with Trump Tokens
TL;DR
Fr8Tech secures $TRUMP to enhance digital asset strategy, gaining early mover advantage in diversified crypto treasury.
Fr8Tech acquires Official Trump Tokens to expand crypto treasury, valuing FET tokens at $8 million as of April 29, 2025.
Fr8Tech promotes fair trade between Mexico and U.S. through $TRUMP acquisition, advocating for balanced and free trade practices.
Fr8Tech pioneers in digital asset strategy by acquiring Official Trump Tokens, setting a new trend in the digital asset market.
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Freight Technologies Inc. (NASDAQ: FRGT) has acquired Official Trump Tokens ($TRUMP), positioning itself as an early adopter of the cryptocurrency as part of its expanding digital asset strategy. The company's CEO, Javier Selgas, framed the investment as a method to diversify the company's crypto treasury while advocating for balanced trade between Mexico and the United States.
This acquisition follows the company's recent purchase of FET tokens, which are currently valued at approximately $8 million as of April 29, 2025. The strategic move demonstrates Fr8Tech's commitment to exploring digital asset opportunities beyond its core freight technology business.
The investment could potentially signal a growing trend among technology companies to incorporate cryptocurrencies into their financial strategies. By diversifying its treasury with digital assets, Fr8Tech may be positioning itself to hedge against traditional market volatilities and explore new financial technologies.
Fr8Tech, known for its AI-powered supply chain solutions, continues to innovate beyond its primary business model. The company's portfolio includes platforms like Fr8App, Fr8Now, Fr8Fleet, Waavely, and Fleet Rocket, which aim to optimize logistics and transportation management across North America.
Curated from InvestorBrandNetwork (IBN)
