Safety Shot Announces $25M BONK Token Strategic Alliance

Safety Shot, Inc. (Nasdaq: SHOT) has entered a strategic alliance with the founding contributors of BONK, marking its significant pivot into decentralized finance (DeFi) by integrating the BONK token into its treasury strategy. Under the agreement, Safety Shot will receive approximately $25 million worth of BONK tokens in exchange for issuing $35 million in convertible preferred shares. BONK, operating on the high-performance Solana blockchain, offers advantages such as high-speed, low-cost transactions and deflationary tokenomics, setting it apart from other meme coins like Shiba Inu and Dogecoin. With a market capitalization exceeding $2 billion and over 980,000 on-chain holders, BONK is the fourth-largest memecoin globally, reflecting strong community adoption. Safety Shot, which has settled all outstanding debt and holds over $15 million in cash, aims to leverage this partnership to diversify its asset base and create new shareholder value by bridging traditional public markets with the digital asset ecosystem. The company’s move represents a pioneering model for public companies participating in the DeFi space.