Freight Technologies (FRGT), a logistics tech firm with a market value of $4.8 million, has revealed plans to purchase $20 million worth of TRUMP tokens in an effort to secure a strategic position in both the cryptocurrency market and U.S.-Mexico trade discussions. The company aims to leverage the political and economic implications of the TRUMP token to influence trade dynamics between the two nations.

Freight Technologies secured funding for the purchase through a convertible note agreement with an institutional partner, with an initial investment of $1 million committed to the acquisition. This move makes the company one of the first logistics-focused firms to incorporate a substantial crypto investment into its portfolio. The company intends to use the TRUMP tokens to advocate for more favorable trade policies between the U.S. and Mexico, both of which are critical to Freight’s operations.

In addition to the TRUMP token purchase, Freight has expanded its digital asset portfolio by investing in FET tokens, an AI-powered solution for the logistics industry. These moves reflect the firm’s strategy to diversify its holdings and strengthen its technological infrastructure.

“By acquiring TRUMP tokens, we are positioning ourselves at the intersection of innovation and geopolitics,” said Javier Selgas, CEO of Freight Technologies. “Our goal is not just to increase our crypto holdings but to leverage this unique asset in order to influence the future of U.S.-Mexico trade agreements.”

The decision comes at a time when TRUMP tokens are gaining attention due to their association with the former U.S. president. Despite political controversy surrounding the token, including criticisms from Democratic lawmakers such as Senator Jon Ossoff, who voiced concerns about the potential for conflicts of interest, Freight remains confident in the strategic value of its investment.

“Mexico is the United States’ top trading partner, and we believe that securing a stake in TRUMP tokens can give us the leverage needed to shape future policies and secure a better outcome for our business,” Selgas added.

Freight Technologies’ investment in TRUMP tokens had an immediate impact on its stock price, which surged by 111% following the announcement. However, the stock experienced a 21.6% drop in after-hours trading, highlighting the volatility in the market.

The firm’s stock struggles come amid significant challenges in cross-border trade, but the company remains optimistic that its strategic crypto investments will pay off. Freight has also been actively investing in the Latin American market, acquiring stakes in Adecoagro, a leading agribusiness, and preparing to launch its own stablecoin aimed at facilitating cross-border transactions.