Freight Technologies, a logistics tech firm with a $4.8 million market cap, has announced plans to purchase up to $20 million in the Official Trump Token to expand its crypto treasury. Funded through a convertible note facility with an institutional investor, the initial tranche of $1 million has already been secured. The company aims to utilize these tokens to influence U.S.-Mexico trade agreements during President Trump's administration. CEO Javier Selgas emphasized that this approach would not only diversify their crypto assets but also advocate for fair trade between the two nations. Despite positive market reactions following the announcement, Freight's stock price has been volatile, experiencing a significant drop after initial gains. The investment strategy links to a broader trend among companies engaging with digital assets, aimed at stabilizing share prices and enhancing their market positioning. As other firms explore similar investments, the ethical implications of using a memecoin to potentially sway political decisions have been raised, particularly in light of Trump's involvement with the token and its implications for governance. TRUMP tokens are currently trading at $12.7, showing modest growth recently.

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