Freight Technologies Inc., a cross -border transport logistics company. He announced that he would offer $ 20 million in shares for the purchase of Trump memo coins for Microstrategy-style Treasury.
The justification of the company to this step has almost nothing to do with Trump or crypto. Instead, it focuses on upcoming US-Mexico tariffs, which can significantly affect the company's activities.
Freight technologies invest in Trump
After the first time reached the scene, Trump has caused a lot of controversy with the memory coin of the same name. An important part of the president's net value is related to crypto and both experts and former regulators are concerned about Trump's corruption potential.
Recent decision Making a $ 20 million Trump Treasury encourages these problems.
Specifically, Freight's press release shines light on why it would invest Trump for $ 20 million. It briefly discusses the company's interest in AI and Web3 developments and discusses how the goods arrange these purchases.
In most cases, a press release is highlighted on how Trump's tariffs affect the company's end result:
“In the environment [our] The mission is the promotion of productive and active trade between the United States and Mexico. Mexico is a top -level trading partner in the United States. We believe that adding official Trump chips [is] An effective way to promote fair, balanced and free trade between Mexico and the US, ”said CEO Javier Selgas.
Freight technologies are strongly related to cross -border sending to Mexico; The tests of this AI are tied optimization This trade.
In a nutshell, the trade war can significantly impair the performance of the company with the Southern neighbor of the US. President Trump is already confirmed Several tariff carving for specific companies.
For the sake of clarity, Freight's statement did not explicitly refer to Trump for such carving. However, reports have been argued that several cryptocurrencies received direct or indirect legal benefits from donation to his inauguration.
In accordance TreasureSome companies received donations to $ 100,000. Would $ 20 million attract his attention?
Specific claims are difficult to make, but the conduct of freight transport around Trump's transaction seems unusual. Almost all of this purchase justification revolves around the US and Mexican trade relations.
The company's press release briefly names Trump's “excellent way to diversify our crypto treasury”, but this is the only reason for non -tariffs.
However, if freight transport is trying to submit to the President, it may be desired that Mexican tariffs will be removed directly. Nothing suggests that his tariffs remain if his tariffs remain.
In any case, this purchase of Trump may return to the Freight stock price. The company published this press release on April 30, but it started circulating through a cryptocent social social media 1. On the afternoon of May.
As the news spread in these circles, Freight Technologies's shares fell by more than 20%.
When moving on, it is important to keep an eye on this story. Companies have started creating plans for Microstrategy-style plans for assets such as Solana. While Freight Technologies does this with Trump first, it may not be the last.
Giving up
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