US listed company Freight Technologies to raise 3 billion yen by adopting world's first Trumpcoin financial strategy

Freight Technologies, a logistics management innovator listed on the Nasdaq Stock Exchange, announced on April 30 that it has signed an agreement with institutional investors to issue convertible bonds worth up to $20 million (3 billion yen). The funds will be used in full by US President Donald Trump to purchase the TRUMP meme coin (Official Trump), making it the first listed company in the world to adopt the financial strategy of TRUMP coin.

The company already holds approximately $8 million worth of FET tokens, and this acquisition of TRUMP coins will further diversify its cryptocurrency portfolio. As the first step, it will issue bonds worth $1 million, and the remaining 10% will be purchased conditionally...