Safety Shot Inc., a Nasdaq-listed beverage company, said it has received $25 million worth of BONK tokens from the meme coin’s founding contributors and will begin accumulating the Solana-based cryptocurrency as a treasury asset. The company aims to hold as much as $115 million in BONK—roughly 4% to 5% of the token’s circulating supply—by the end of 2025 under a strategy arranged by its advisor Dominari Securities. Pseudonymous core contributor “Nom” will join Safety Shot in a strategic capacity to help manage on-chain operations. The pivot follows a playbook popularised by MicroStrategy’s Bitcoin bet and comes as Safety Shot’s own market value hovers near $83 million, while BONK’s market capitalisation is above $2 billion.
NASDAQ-LISTED SAFETY SHOT INC. $SHOT RECEIVES $25M IN $BONK FROM FOUNDING CONTRIBUTORS, LAUNCHES $BONK TREASURY STRATEGY
.@drinksafetyshot, a healthy beverage company, is set to receive $25 million worth of BONK from the founding contributors of the Solana meme coin. By the end of the year, the company aims to acquire up to $115 million worth of the Solana meme coin. https://t.co/LMo3cNNfGo
⚡️ NEW: Safety Shot has formed a strategic alliance with BONK’s founding contributors, receiving $25M in $BONK tokens as part of a new treasury strategy. https://t.co/xzhJuHXX0H