Trump Memecoin Reserve? The company assigns $ 20 million to build one

The public trading logistics company hit $ 20 million to the institutional investor for the purchase of official trumps, becoming one of the first companies that strengthened the digital asset strategy around the controversial crypt of the US President.

Freight technologies General Manager Javier Selgas has set the move as part of the effort to grown American-Mexico trading – although Memecoin suits the supply chains remains unclear. The investment also comes as an American office of the Government ethics, whether President Donald Trump violates the rules of federal ethics by offering an exclusive approach to top investors of his coin.

What is fr8tech?

Freight technologies, which applies to themselves as Fr8tech, is a company based on Houston, which is initiated in 2015 years and traded on Native. The company aims to use new technologies such as artificial intelligence to optimize supply chain processes.

Livestock companies, which trades on the sucker under Ticker FRGT, saw her price back in 2018. years, during the first trump first term. Like Many other companiesFreight technologies are now moving forward with a digital property reserve, deviating from the norm of creating Bitcoin (Btc) The fixed assets and instead covers memecoin.

The influence of social media and commentator Cripto Mario Navfal called it “The first ever” Trump Treasuri.

Expensive trick?

30. April, Freight technologies announced Creating a smoothness of the vault.

The company agreed to issue convertible notes worth $ 20 million with an institutional investor. Capital is secured exclusively for purchase of official trump (Abdomen) Tokens. The first tranche will amount to a million dollars.

Selgas, in the prepared statement, referenced Trump’s “first” principle and tied it to trade efforts between Mexico and now see below:

In the heart of Fr8tech’s mission, it is a promotion of productive and active trade between the United States and Mexico. Mexico is the most important partner for trading in the United States, and Mexico is a leading destination for American exports and a top source for the import of the United States. As the American Ministry of Finance was recently declared Scott Besent, “I want to be clear: America first does not mean America. On the contrary, it is a call for deeper cooperation and mutual respect among trade partners.”

The purchase of Trump was described as a “effective way for a fair for a fair, balanced and free trade between Mexico and the United States.” However, the company does not elaborate that the acquisition of Trump Memecoin will help trade between two countries or warn readers about possible risks.

After all, Trump Token – like most memes – is very unstable. Although its price was approximately 2% in the last 24 hours, it was on reduced passence from its launch in January.

Trump Memecoin Strange Choice

Since corporate crypto’s treasures become trendy, the companies of great names like Blackrock recommend upto 2% of corporate property in Bitcoin. They claim that the BTC is a better value store than most other digital funds.

According to the Bitcoin Cashier’s website, 101 Public enterprises Keep Bitcoin.

Considering that Bitcoin’s deflational design and long-term value of the abolition, which was shown during its 15-year history, is understandable why some companies can choose Bitcoin as one of their corporate funds.

So far, official Trump has no benefits have no cases other than encouraging investors to use more invited to private dinner with trum 22. May. $ Trump saw its worth of spise over 50% after promotion.

Critics also warn that “the salary for playing” aspects of official Trump raises the concerns of ethics and can even be used as a bribery tool.

“Something that is not much discussed – creating a pile of personal memes opens the door to secret foreign customers who try to leak on our leaders,” Nic Carter of Castle Island Ventures said in X back in January. “If you hated an anonymous sale of hunter biden, and you should hate it.”

Last month, Democratic Senators Adam Schiff and Elizabeth Warren called on the Federal Investigation of Ethics Trump Promotion of Coin. In the letter of the US State Ethics Office, the senators state that Trump may have violated the rules of federal ethics offering access to his administration in exchange for financial investment.

Freight technologies did not indicate that he wants access to the White House by holding Trump Memecoins. In days after the company’s announcement, the FRGT stock price grew 111.21% 2. May. Stock is closed on Friday to $ 2.08 per share.

News The news looks like the price of Trump Memecoin.

Balloon signs?

Bubbles make sense when they snapped, so it was too early to say that the cash registers were for the Corptic Corporation. However, some observers believe that a sudden sailing interest in the CRIPTO among public companies draws comparison with Dot-Com Balloon.

If we look closely, we will see that it is early to talk about a strong trend or any observed crypto fever among public enterprises. As more companies acquire Bitcoin, most are a relatively small company that spend modest amounts on it.

The strategy, a company holding over 500,000 Bitcoin, has begun to accumulate BTC at 2020. years. Tesla made Bitcoin investments in 2021. years, the price of property price. The strategy became the dominant buyer Bitcoin among public companies. The rest of the public companies hold less BTC bags – there is no need to panic.

As for FR8Tech News, the company currently funds “intended” for the purchase of official Trump, so we will see what happens when the purchase is officially performed. It is also not the only token that caused the company’s interest.

Earlier in April, Fr8tech discovered Acquisition of $ 5.2 million FET tokens out of hand, Inc. in exchange for over 2.3 million shares.