Freight Technologies, Inc. (Nasdaq: FRGT) has just signed a convertible bond issuance agreement with an institutional investor on April 29, 2025. The company can raise up to $20 million from this deal. The capital will be specifically dedicated to purchasing the official Trump Token (TRUMP), helping Fr8Tech become one of the first listed companies to use TRUMP as a core part of its cryptoasset strategy.
Fr8Tech plans to issue bonds with a total value of $1 million in the first phase, with an option to draw an additional $19 million if certain conditions are met. Recently, the company has purchased FET Token, valued at around $8 million, and the additional purchase of TRUMP Token helps Fr8Tech consolidate its cryptoasset diversification strategy.
These investments not only demonstrate Fr8Tech's commitment to its cryptoasset strategy but also open up new opportunities in digital asset management. The above content is for informational purposes only and is not investment advice.
