TRUMP Token as Reserve Asset? Freight Tech To Hold TRUMP
By: bitcoin ethereum news|2025/05/03 14:30:01
0
Share
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/
You may also like

Perp DEX: The Next Generation Exchange "War"
This "war" has just begun.

The AI gamble of mining companies: Valuations enter a phase of differentiation, and it's hard to turn the tide
This gamble of transforming into AI is testing the financial strength and execution capability of mining companies.

A letter from Alliance to entrepreneurs: Written on the occasion of Cursor selling for 60 billion dollars
Great companies are forged before they become obvious.

Stablecoins Finally Find Real Returns: On-Chain Reinsurance Re Explained | Interview with Re Founder Karan Saroya
This on-chain reinsurance platform absorbs stablecoins from DeFi, uses them as collateral to underwrite for American insurance companies, collects premiums, and returns the profits to on-chain depositors.

The impossible triangle is simply a pseudo problem
A long time ago, the cryptocurrency industry found its true purpose. But ironically, the path it built for this purpose excluded almost everyone who would actually use it.

Will MicroStrategy fall into a death spiral? What will the macro trend be in the second half of the year?
The cryptocurrency industry may gradually shift from the hype of native altcoins to real asset tokenization, on-chain machine economy, and a more mature industrialization phase.

Blockchain Capital Partner: The Core Secret of Arbitrage
On cold starts, breaking the circle, and the toughest hurdle for founders to overcome.

STRC unanchored by 11%, can the perpetual motion machine of Strategy still operate?
Beyond the leverage crunch, what is even more concerning is the liquidity reserves of the Strategy.

Bitcoin Market Analysis 2026: Can BTC Reach $150K by Year-End?
Bitcoin price prediction 2026: Can BTC hit $150,000 by year-end? Explore Fed policy, Kevin Warsh's stance, Bitcoin ETF flows, exchange data, and BTC market forecasts.

Bitcoin ETF Outflows Hit a Record $4.4 Billion: What Are Traders Doing With Their Cash?
Bitcoin ETFs lost $4.4 billion over 13 trading days, raising questions about market sentiment and Bitcoin's bottom. Here's what Standard Chartered is watching and how traders are managing idle stablecoin balances during uncertain markets.

WEEX App Just Got Smarter – New Tabs for Faster Trades & Easy Asset Management
Discover WEEX App’s new trading tabs: Futures, TradFi, Copy Trade (users)/ Elite Trade (lead traders) on the same page. Solve messy navigation, find opportunities faster, and manage all trades in one place.

WEEX All-New Search Features: Find, Trade & Earn Faster Than Ever
Supercharged search is here! Discover WEEX’s upgraded Search features with hot events, new listings, live market sentiment, and one-click trading. Trade smarter, seize every opportunity.

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets
Overview of Important Market Events on June 17

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot
Federal Reserve Chairman Waller's debut featured a significant slimming statement, the cancellation of forward guidance, refusal to submit the dot plot, and the establishment of five working groups, vowing to uphold the 2% inflation target, which triggered a sharp decline in U.S. stocks and a surge ...

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance
"Coin-stock linkage" has evolved from the early stage of macro correlation and one-way penetration of emotional funds to the current 3.0 stage, where on-chain perpetual contracts provide extended trading hours and emotional signal value for traditional assets 24/7, and participate in Pre-IPO pricing...

Dalio's important long article: How to position in the current market environment?
Do not confuse the excitement for new technologies with whether those tech stocks are attractive.

OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun
OKX founder Star published a lengthy article, systematically analyzing Binance's competitive advantages over the years: regulatory arbitrage, speculative narrative cycles, social media control, and superficial compliance, stating that the essence of these advantages is not product capability, but ra...

New gameplay for participating in initial offerings on cryptocurrency exchanges
In this competition for cutting-edge assets, what has always been truly scarce is not the technology, but the underlying equity itself.
Perp DEX: The Next Generation Exchange "War"
This "war" has just begun.
The AI gamble of mining companies: Valuations enter a phase of differentiation, and it's hard to turn the tide
This gamble of transforming into AI is testing the financial strength and execution capability of mining companies.
A letter from Alliance to entrepreneurs: Written on the occasion of Cursor selling for 60 billion dollars
Great companies are forged before they become obvious.
Stablecoins Finally Find Real Returns: On-Chain Reinsurance Re Explained | Interview with Re Founder Karan Saroya
This on-chain reinsurance platform absorbs stablecoins from DeFi, uses them as collateral to underwrite for American insurance companies, collects premiums, and returns the profits to on-chain depositors.
The impossible triangle is simply a pseudo problem
A long time ago, the cryptocurrency industry found its true purpose. But ironically, the path it built for this purpose excluded almost everyone who would actually use it.
Will MicroStrategy fall into a death spiral? What will the macro trend be in the second half of the year?
The cryptocurrency industry may gradually shift from the hype of native altcoins to real asset tokenization, on-chain machine economy, and a more mature industrialization phase.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com


