Market Cap
24h Vol
10071
Cryptocurrencies
58.26%
Bitcoin Share

A Surprising Move from the Giant Company Listed on Nasdaq! It Surprisingly Announced That It Will Add TRUMP to Its Treasury! Here is the Amount…

A Surprising Move from the Giant Company Listed on Nasdaq! It Surprisingly Announced That It Will Add TRUMP to Its Treasury! Here is the Amount…


BitcoinSistemi
2025-05-02 08:57:08
A Surprising Move from the Giant Company Listed on Nasdaq! It Surprisingly Announced That It Will Add TRUMP to Its Treasury! Here is the Amount…

While major companies are adopting larger cryptocurrencies such as Bitcoin (BTC) or Ethereum (ETH) as reserve assets, a surprising move came from a Nasdaq-listed company. Nasdaq-listed logistics firm Freight Technologies (Fr8Tech) announced that it has reached an agreement to provide up to $20 million in financing to purchase US President Donald Trump’s token, Official Trump (TRUMP). Accordingly, the company is creating a $20 million corporate treasury to buy TRUMP. In a statement, the company said it had reached an agreement with an unnamed institutional investor to issue up to $20 million in convertible notes. The agreement stated that the capital obtained from the financing will only be used to purchase TRUMP tokens. “We believe that the addition of TRUMP tokens is an excellent way to diversify our crypto treasury and also an effective way to advocate for fair, balanced and free trade between Mexico and the United States. We also see digital assets like TRUMP and FET as both symbolic and practical innovation tools,” said Javier Selgas, CEO of Fr8Tech. Fr8Tech announced the acquisition of Fetch.ai (FET) for $5.2 million earlier this month. *This is not investment advice. Continue Reading: A Surprising Move from the Giant Company Listed on Nasdaq! It Surprisingly Announced That It Will Add TRUMP to Its Treasury! Here is the Amount…

Most Read News

Related News


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.