FR8 Announces Trump Memecoin Treasury

Crypto.news reported: 

A publicly-traded logistics firm has struck a $20 million deal with an institutional investor to purchase Official Trump memecoins, becoming one of the first companies to anchor its digital asset strategy around the U.S. president’s controversial crypto business.

Freight Technologies most recent annual report noted its roots:

Hudson Capital continued as a British Virgin Islands (“BVI”) business company and on May 26, 2022 changed its name to Freight Technologies, Inc. and its symbol on the Nasdaq Capital Market to “FRGT”. Fr8App continues as a corporation incorporated in the State of Delaware and as a wholly-owned subsidiary of Freight Technologies, Inc. 

With the divestment of Hong Kong Internet Financial Services (HKIFS) mentioned earlier, we are no longer involved in any of the businesses originally started by Hudson Capital. We are now, through Fr8Tech, a BVI business company, operating under the brands, Fr8App, Fr8Fleet, Waavely, Fr8Now, Fr8Radar, and Fleet Rocket. 

Fr8Tech’s global headquarters are in Monterrey, Mexico.  In October 2020, the Company entered into a work-suites arrangement for a workspace in an office located in The Woodlands, Texas, on a month-to-month basis, which continues in effect.

Cypto.news had this to say about the company:

Freight Technologies, which refers to itself as Fr8Tech, is a Houston-based company launched in 2015 and trades on NASDAQ. The company aims to use new technologies like artificial intelligence for the optimization of the supply chain processes.

Houston, The Woodlands, Monterrey, British Virgin Islands...they're all just places.  

Add the AI piece to the Trump memecoin treasury and investors could get excited, especially given all the MAGA financial products being made available to investors.

FR8 announced recently:

Freight Technologies and Fetch.AI to collaborate on a development partnership to further blockchain and AI technologies in the logistics space 

HOUSTON – April 1, 2025 — Freight Technologies, Inc. (Nasdaq: FRGT; “Fr8Tech” or the “Company”), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions, announced today it has entered into a Securities Purchase Agreement (the “Agreement”) for the acquisition of $5.2 million of FET Tokens from Fetch Compute, Inc. (“Fetch Compute”), in exchange for 2,311,248 Series A4 preferred shares of the Company, par value $0.0001 per share (“Preferred Shares”). 

FET Tokens are the cryptocurrency that power Fetch.ai, a decentralized machine learning platform that aligns with Fr8Tech’s vision for scalable and secure AI solutions in the OTR carrier and logistics markets. Acquiring FET Tokens allows Fr8Tech to begin actively participating in Fetch.ai’s decentralized AI ecosystem, expanding its competitive advantage in the logistics industry.

The Standard reported Fetch.AI lost a $1 million lawsuit in the UK for stiffing a contractor.  The firm's owner was in the process of moving operations from the UK to Dubai and conducted corporate sleight of hand to retain the assets, while avoiding as much liability as possible.

“I withdrew support because I don’t feel the community needs to pay the legal fee."

It only became a "legal fee" because the founder stiffed someone.  He didn't feel that contractor needed to be paid what was promised.  Fortunately, this is just the AI provider for Freight Technologies.  Normally, who you do business with matters, but this is the crpyto space.

Cryptocurrency purchases to use blockchain and AI services arose in a recent "accounting police" story. involving Blockchain of Things.  The issue for the accounting firm was how to characterize the crypto on the balance sheet.  Doing it incorrectly distorts a company's financial picture.  

In the case of Freight Technologies their 10-K stated:

On March 31, 2025, the Company entered into a Securities Purchase Agreement, dated as of March 31 2025 (the “Securities Purchase Agreement”) with Fetch Compute, Inc. (the “Purchaser”), wherein the Company sold and the Purchaser purchased 2,311,248 Series A4 preferred shares of the Company, par value $0.0001 per share (the “Purchased Securities”), for a total purchase price of approximately $5,200,000 payable in 11,300,000 FET Tokens (the “Consideration Tokens”) (the “Offering”). “FET Token” is the utility token and the key medium of exchange on the Fetch.ai network.

The firm is using preferred equity to fund its AI endeavors with Fetch.AI.  

Like most early tech efforts, especially AI related, there are far more expenses than revenues.  Freight Technologies conducted several reverse splits to remain listed on NASDAQ.  

Targeting the Trump memecoin for FR8's Treasury is just the ego polishing and attention seeking behavior that Trump II, the digital Caligula, loves.

I'll venture the MAGA ETFs and separately managed accounts (SMAs) will eat this up.  The move also may get Freight Technologies leadership invited to the Trump memecoin dinner, even if they fail to make the holdings cut.  FR8 is doing $1 million tranches for the whole $20 million commitment. 

That's twenty MAGA pump opportunities for both the Trump memecoin and FRGT stock.  Gentlemen start your engines!  We're hauling digital memecoin across the border!!!