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Freight Technologies plans to invest up to 20 million dollars to establish an official Trump Token reserve.
According to Wu, Freight Technologies (Nasdaq: FRGT) announced that it has signed an agreement with an institutional investor to raise up to $20 million through convertible bonds for the purchase of official Trump Tokens ($TRUMP) as part of its digital asset strategy. The first phase will issue $1 million in notes, with the remaining amount to be added based on conditions. The company has previously purchased approximately $8 million worth of FET Tokens.