Freight Technologies Inc., a cross -border company of transport logistics, announced that it offers $ 20 million in shares to buy parts even Trump for a microstrate style treasure.
The justification of the company for this decision has almost nothing to do with Trump or Crypto. Instead, it focuses on the imminent prices of the United States, which could have a considerable impact on the operations of the company.
Freight Technologies invests in Trump
Since he arrived on the scene, the eponymous memes play of Trump has caused a lot of controversy. A substantial part of the president’s net value is linked to the crypto, and the experts and the former regulators are concerned about the corruption potential of Trump.
Freight Technologies’ recent decision to take a Trump Treasury of $ 20 million fueling these concerns.
More specifically, Freight’s press release highlights the reason why he would invest $ 20 million in Trump. He briefly discusses the interest of the company for AI and Web3 developments and explains how the freight will organize these purchases.
Above all, however, the press release describes how Trump’s prices will have an impact on the results of the company:
“At the heart of [our] The mission is the promotion of productive and active trade between the United States and Mexico. Mexico is the best trading partner of product in the United States. We believe that the addition of official trump tokens [is] An effective way to plead in favor of just, balanced and free trade between Mexico and the United States, “said CEO Javier Selgas.
Freight Technologies is strongly involved in cross -border expedition with Mexico; His AI experiences are concerned with optimizing this business.
In short, a trade war with the neighbor in the south of the United States could considerably damage the company’s capacity to continue to operate. However, President Trump has already approved several pricing sculptures for specific companies.
To be clear, Freight’s declaration did not explicitly use Trump for such a sculpture. However, reports have allegedly alleged that several cryptographic companies had received direct or indirect legal benefits to donate to its inauguration.
According to FortuneSome companies have obtained it after donations as low as $ 100,000. $ 20 million dollars draw his attention?
It is difficult to make concrete claims, but the behavior of freight around the Trump agreement seems unusual. Almost all of his reasoning for this purchase revolves around trade relations between the United States and Mexico.
The company’s press release briefly calls Trump a “excellent way to diversify our cryptographic treasure”, but it is its only non -tariff justification.
However, if freight tries to petition the president, he may want mexico prices to have moved away. Nothing suggests that he wants a sculpture while the prices remain.
In any event, this Trump purchase could turn against Freight’s action. The company first published this press release on April 30, but it began to circulate via social media centered on crypto in the afternoon of May 1.
While the news has spread in these circles, Freight Technologies’ stock has dropped by more than 20%.
To move forward, it will be important to keep an eye on this story. Companies have started to create microstrategy style plans for assets like Solana. Although Freight Technologies is the first to do it with Trump, it may not be the last.
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