★ Private Action
Fr8Tech buys $20M in $TRUMP memecoin as trade advocacy
Filed May 2025$20,000,000
★ The Brief
What happened
In May 2025, Mexico-based publicly-traded shipping company Fr8Tech disclosed in an SEC filing that it would spend $20 million purchasing $TRUMP memecoin tokens, a coin controlled by a Trump-family-owned entity. CEO Javier Selgas described the purchase as "an effective way to advocate for fair, balanced and free trade between Mexico and the U.S."
Who enabled it
Who benefits
In early May 2025, Monterrey-based publicly-traded shipping company Fr8Tech disclosed in an SEC filing that it would spend $20 million on $TRUMP memecoin tokens. CEO Javier Selgas described the purchase as "an effective way to advocate for fair, balanced and free trade between Mexico and the U.S." The $TRUMP memecoin is controlled by a Trump-family-owned entity, so the purchase directs revenue directly to the Trump family while President Trump sets US trade policy toward Mexico.
Further reading
- ★ Private ActionJune 2026Trump banked $2.2 billion in year one, mostly from crypto he regulates
- ★ Private ActionNovember 2024Justin Sun anchors Trump DeFi token sale with $30M buy
- ★ Government ActionMay 2026Trump's DOJ forever-bars IRS claims against Trump and family
- ★ Private ActionMay 2026Trump sons anchor Dominari's $1B American Ventures portfolio
- ★ Government ActionNovember 2025Trump and Lutnick cut a mining deal their sons stand to profit from
- ★ Private ActionApril 2025Russian-linked DWF Labs buys $25M in Trump crypto tokens