Fr8tech public company is adding Trump’s memecoin to its treasury

By Hannah Pérez

Bitcoin is not the only cryptocurrency opening up in corporate balances. This company is potential at Token Trump, says that maintaining it could support fair trade between the United States and Mexico.

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• While other public companies add Bitcoin, this company invests in Trump Memecoin.
• Fr8tech, which quotes its shares in Nasdaq, is buying USD $ 20 million of Trump.
• The company plans to diversify its portfolio while seeking to support fair trade between the US and Mexico.
• Their shares shot more than 150% price after the news.

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Bitcoin It is not the only cryptocurrency that opens place in corporate balances. Apparently Trump too.

Freight Technologies (FR8TECH), A logistics technology company originally from Texas, US Memecoin Donald Trump’s official, for his treasury.

In a statement this week, the Houston -based company announced an agreement with an unidentified institutional investor to issue up to USD $ 20 million in convertible notes through an installation, with the capital raised in the financing for “exclusively“To the acquisition of Tokens Trump, according to the statement.

The issuance will be carried out in two sections, with a first section of USD $ 1 million in notes, followed by an additional capacity of up to USD $ 19 million available in subsequent retreats in a second section, subject to certain conditions.

FR8TECH He assured that the movement makes it “One of the first public companies to make $ Trump a cornerstone of its digital asset strategy“

Buy Trump to support fair trade between the US and Mexico

Founded in 2015, FR8TECH It specializes in innovative solutions for cargo transport, particularly cross -border shipping between the United States and Mexico. Take advantage of technologies such as artificial intelligence (AI) and cloud computing.

The company has already added other cryptocurrencies to its corporate balance, already beginning of this month, announced an acquisition for USD $ 5.2 million in fet, the cryptocurrency of the native of the native of Superintentinlligence Allianceas you remember The Blockwhich first reported the news. That purchase was part of a sale more than 2.3 million preferential actions of FR8TECH.

However, Trump’s addition to his treasury has other reasons beyond the diversification of the company’s portfolio, since FR8TECH He believes that this movement is a way of supporting fair trade between the United States and Mexico.

“In the heart of the Fr8tech mission is the promotion of productive and active trade between the United States and Mexico“said CEO Javier Selgas in the statement, while emphasizing that “Mexico the leading destination for US exports and the main source of imports from the United States“

We believe that the addition of Trump’s official tokens is an excellent way to diversify our cryptocurrency treasure, and also an effective way of advocating a fair, balanced and free trade between Mexico and the US.

Selgas also cited the statements of the Secretary of the Treasury, Scott Besent when he clarified that «America First does not mean only the United States. On the contrary, it is a call to a deeper collaboration and mutual respect among commercial partners ».

Bitcoin Treasury … and now Trump also

Development occurs in the midst of a growing tendency of public companies “That is, they quote their actions on the stock market,” to adopt Bitcoin as a reserve asset in its treasury.

Strategy Michael Saylor is a pioneer in this strategy, with a massive stash of more than 550,000 BTC today, which positions it as the world’s largest public. Many others have been following the steps, such as the case of the Japanese firm Metaplenet. The list also includes US leaders such as Block and Tesla.

The president of the United States, Donald Trump, has embraced cryptocurrencies during his second ongoing mandate, promoting their use and establishing a national strategic reserve of Bitcoin. This has motivated both corporations and nations worldwide to actively explore cryptocurrency as an alternative reserve active.

Trump, who was launched by the president in January, days before his inauguration in the White House, has lost impulse since his initial meteoric increase. At the time of writing these lines, the token is negotiated at USD $ 12.7 with a 0.95% drop in 24 hours and more than 80% below its maximum in January, according to data from Coinmarketcap.

The actions of FR8TECH They shot Thursday after Trump’s purchase announcement. They opened 177.72% higher than USD $ 2.27 on Friday, according to data from Google Finance.

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Hannah Estefanía Pérez / Diariobitcoin

Image generated with AI tool, under free use license

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