- Freight Technologies aims to invest $20 million in TRUMP meme coin.
- Shares surged by 38.05% following the announcement.
- TRUMP Coin currently valued at $12.80 with $2.56 billion market cap.
Freight Technologies announced plans on May 3, 2025, to secure up to $20 million for acquisitions of the TRUMP meme coin through convertible bonds, according to GlobeNewswire.
The move reflects a broader adoption of digital assets by corporations. These actions align Freight Technologies with emerging blockchain and AI solutions despite uncertainties.
$20M Investment in TRUMP Coin Shakes Market
Freight Technologies, Inc. revealed a strategic financial move to allocate up to $20 million towards the purchase of the TRUMP meme coin through convertible bonds. Initially investing $1 million, this decision represents a bold pivot into digital assets with a focus on enhancing global operations.
The increased attention surrounding Freight Technologies’ actions stems from a commitment to expanding cryptocurrency involvement beyond traditional logistics solutions. As interest in meme coins and blockchain grows, the potential investor impact remains aligned with shareholder expectations.
Market responses have been notable, with Freight Technologies’ shares experiencing a significant 38.05% surge. Javier Selgas emphasized, “We are raising up to $20 million through convertible bonds to fund the official TRUMP meme coin treasury and technology-driven growth.”
TRUMP Coin Price at $12.80 Amid Corporate Interest
Did you know? Previous corporate purchases of crypto assets, like MicroStrategy’s Bitcoin investment, often trigger significant market speculation and asset volatility, highlighting strategic benefits and risks.
Based on CoinMarketCap data, the official TRUMP meme coin is valued at $12.80 per token, with a market capitalization of $2.56 billion as of May 2, 2025. Its trading volume recently dropped by 21.48%, yet it shows a 30-day gain of 24.80%.
Insights from the Coincu research team suggest further reliance on decentralized technologies could see Freight Technologies navigating unique regulatory terrains. Their strategic moves are effectively modernizing logistics, focusing on long-term integration over immediate returns.
Source: https://coincu.com/335289-freight-technologies-trump-meme-coin/