Freight Technologies Inc., a company based in the United States, has decided to integrate the TRUMP token, known as a memecoin, into its business cycle. The company aims to utilize the proceeds from the sale of convertible bonds to use this token as collateral. Starting with an initial offer of $1 million, the company anticipates that the offer could reach up to $20 million in the future.
Freight and TRUMP Coin
The TRUMP token is being evaluated as a fundamental element in the crypto asset strategy of Freight Technologies. The company reports that this step has been positively received by the market. On the New York Stock Exchange, the company’s shares increased by 108%, reaching a market value of $4.6 million. This development is interpreted as evidence of an innovative approach in the use of crypto assets. However, it essentially reflects a strategy to leverage Trump’s prominence to boost the company’s shares, which many public companies attempt. If one intends to emulate what Strategy is doing by spending more, purchasing Trump Coin for your company might be speculative but makes sense in the short term.
Some U.S. firms are inclined to evaluate crypto assets as reserves. Companies like Strategy and Metaplanet continue to invest in crypto assets, primarily Bitcoin 
$103,604. By expanding their capital plans and diversifying their crypto portfolios, these companies are taking steps to increase investor interest. Although this development might reflect examples of corporate investors’ approaches to crypto assets, the primary aim remains stock speculation, which could potentially cause significant problems for someone in the future.
Freight Technologies previously disclosed executing a purchase of FET tokens from the Fetch.ai platform, acquiring assets worth approximately $8 million.
Rising Demand for Cryptocurrency
The U.S. administration’s positive stance on the crypto asset sector impacts market dynamics. President Trump’s statements and moves regarding crypto capture the attention of investors. Senator Cynthia Lummis’ Bitcoin Act Bill initiative is also a significant step towards supporting the demand for crypto asset reserves. Moreover, many states are advancing in crypto reserve legislation.
The application of digital asset strategies has begun to become widespread across different sectors. Freight Technologies’ decision to use the TRUMP token as a reserve asset could be exemplified in efforts to provide diversity in digital portfolios. These developments may offer important data for investors closely monitoring the digital asset market.
