"Trump Meme Coin to Be Held: US Small Logistics Company’s Stock Soars"

# Freight Technologies Shares Skyrocket Following Trump Meme Coin Purchase Announcement *By Jungwha Lee, Block Media Reporter* Freight Technologies, a U.S.-based logistics firm, witnessed a massive surge in its stock price after announcing its plan to acquire a meme coin associated with former President Donald Trump. Bloomberg reported on November 2nd that this step, which aligns with Freight Technologies' overarching digital asset strategy, had an immediate positive impact on trading. The company intends to raise between $1 million and $20 million via convertible bonds to finance the purchase of the meme cryptocurrency "Official Trump (TRUMP)." Following this announcement, Freight Technologies' stock more than doubled in value, boosting its market capitalization to $4.71 million. # Strategic Investment in Digital Assets Headquartered in Houston, Freight Technologies is a publicly traded company committed to integrating blockchain and artificial intelligence into its operations. The firm currently holds Fetch.ai (FET) tokens, a decentralized AI platform, worth approximately $8 million. Freight Technologies appears to be following the example set by companies like MicroStrategy, which has made substantial investments in Bitcoin (BTC) through equity and debt offerings. This approach highlights a rising trend among publicly traded companies leveraging cryptocurrency investments to strengthen their financial standings and strategic positions. # Crypto-Focused Firms Leveraging Market Dynamics The "Trump Meme Coin" has encountered significant volatility and scrutiny since its issuance shortly after Trump's inauguration. Despite experiencing sharp price fluctuations, it remains a hot topic of public and political discourse. U.S. lawmakers, such as Democratic Representative Adam Schiff and Senator Elizabeth Warren, have criticized Trump's connections with major coin holders, suggesting the need for ethical investigations into potential lobbying-related favors, including exclusive dinner invitations for top holders. Freight Technologies isn’t alone in capitalizing on the crypto trend. For example: - Upexi, a marketing and technology firm, announced plans to acquire Solana (SOL) and enjoyed more than a 500% spike in stock price. - Cantor Equity Partners, which rebranded as a Bitcoin investment company, saw its share price quadruple. Small-cap companies seem to be using cryptocurrency investment announcements as a market catalyst, similar to the surge in "meme stocks" during the pandemic. # CEO Highlights Symbolic Value Commenting on the recent crypto move, Freight Technologies’ CEO Javier Selgas stated, "This purchase represents a symbolic act in support of balanced and fair free trade between the United States and Mexico." As cryptocurrencies continue to influence market dynamics, Freight Technologies' bold venture into politically charged assets like Trump Meme Coin underscores the potential opportunities and controversies that digital asset strategies pose for publicly listed companies.