Small US Firm Bets on TRUMP Coin, Stocks Soar 100%! What Happens Next?

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In a rather peculiar turn of events, a humble US logistics firm has somehow become the darling of the financial world, all thanks to its utterly audacious decision to stash TRUMP memecoin in its treasury. Yes, you read that correctly—TRUMP memecoin. The company, Freight Technologies Inc., saw its stock price soar by over 100% on Friday after the news broke, leaving everyone scratching their heads, wondering if the world had truly gone mad.

According to a report by Bloomberg, this little-known company is planning to use the funds raised from selling convertible notes to purchase a politically-charged cryptocurrency tied to none other than US President Donald Trump himself. Can you believe it?

As of Friday, Freight Technologies’ stock had surged by 108%, catapulting its market value to a jaw-dropping $4.6 million. Meanwhile, the TRUMP token itself—shockingly—didn’t show any significant change, proving that investors might be far more enamored with the stock than with the actual crypto asset.

Starting with $1 Million in TRUMP: Because Why Not?

Bloomberg also reported that the company plans to kick things off with a modest $1 million purchase of TRUMP tokens. But hold onto your seat—this number could eventually swell to $20 million if the firm feels like continuing this wild ride. In what might be a first, Freight Technologies is now one of the very few publicly traded companies that has chosen TRUMP as a primary digital asset for its reserve. Hype, anyone?

Let’s be real here: this is less about investment strategy and more about a glorified gamble on buzz and notoriety. TRUMP is, after all, a memecoin—those whimsical digital currencies known for their breathtaking volatility. However, the TRUMP token didn’t exactly respond in kind after the announcement. It’s almost as if the market is like, “Nah, I’m good.”

But Wait, There’s More: $8 Million In FET Already in the Bag!

Oh, and let’s not forget that Freight Technologies is no stranger to crypto. Earlier, the company purchased a hefty $8 million worth of FET tokens—the native cryptocurrency of Fetch.ai, an AI-driven decentralized platform. They made this move back in late April, because, clearly, why not diversify with another volatile digital asset?

Bitcoin Is Still the ‘Cool Kid’ on the Block

Meanwhile, some companies are taking a much more… conventional approach to crypto reserves. Strategy and Metaplanet, for example, have opted to focus exclusively on Bitcoin—no memecoins for them, thank you very much. On May 1, Michael Saylor announced that Strategy had doubled its goal, aiming to raise $42 billion in equity and another $42 billion in fixed income, all with the singular purpose of acquiring more Bitcoin. Just for fun, they also reported a 14% yield in BTC and nearly $6 billion in profits this year. Meanwhile, Metaplanet is quietly preparing to inject 3.6 billion yen into its Bitcoin holdings. Because, you know, stability.

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2025-05-03 18:45