TRUMP Token as Reserve Asset? Freight Tech To Hold TRUMP
By: bitcoin ethereum news|2025/05/03 06:30:01
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President Donald Trump-affiliated memecoin, TRUMP, may start receiving institutional attention as a small logistics company in the US plans to hold it as a treasury reserve asset. Freight Technologies Inc. has decided to find a use case for the memecoin within its business cycle. Freight Logistics and TRUMP Token The plan is to redirect proceeds from the sale of convertible notes into the purchase of the Trump digital token. According to a Bloomberg report , Freight Logistics intends to kick off with a $1 million offering and possibly scale up to $20 million in the near future. The announcement to utilize TRUMP as a treasury asset has fueled a surge in the company’s shares. As of 2:43 p.m. in New York on Friday, the stock had recorded a 108% increase, bringing its market value to $4.6 million. Freight Technologies touts itself as one of the first public companies to make TRUMP “a cornerstone of its digital asset strategy.” Despite the uplift for Freight stock, the TRUMP price has stayed relatively flat daily amid broader market volatility. The company had purchased FET tokens from the decentralized artificial intelligence platform Fetch.ai. As of April 29, Freight Technologies claimed it owns about $8 million worth of FET. US Firms and Crypto Reserve Assets Recently, several firms have become open to adopting a crypto asset treasury. Strategy and Metaplanet are two companies dedicated to acquiring Bitcoin (BTC) as a reserve asset. On May 1, Michael Saylor announced that Strategy had doubled its capital plan to $42 billion in equity and $42 billion in fixed income to purchase more Bitcoin . In addition, Strategy announced that it has earned up to 13.7% in BTC Yield and a BTC gain of $5.8 billion year-to-date (YTD). For 2025, Strategy plans to increase its BTC yield target from 15% to 25% and BTC gain target from $10 billion to $15 billion. Metaplanet is also preparing 3.6 billion JPY, which it plans to use to expand its Bitcoin holdings . Beyond these firms, entities like House of Doge have robust DOGE holdings. In addition Sol Strategies is also committed to a Solana-first crypto reserve strategy. The Growing Clamor for National Crypto Reserve The Donald Trump administration has been instrumental in the growing demand for crypto offerings in recent times. He has personally invested in structures that promote the rise in crypto adoption. President Trump announced his plan for a crypto strategic reserve with Bitcoin at the center during his campaign. Senator Cynthia Lummis remains instrumental in this push for a crypto asset reserve by introducing the Bitcoin Act Bill . Despite the slowdown in the US government’s purchase of BTC, the pro-crypto stance has fueled a surge in demand. ✓ Share: Godfrey Benjamin Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss. Source: https://coingape.com/us-firm-freight-technologies-to-hold-trump-as-reserve-asset/
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