New BONK Treasury Targets Up to $115 Million in Solana Meme Coin by Year-end

Key Points

1. Safety Shot Inc. will receive $25 million worth of BONK from Solana meme coin founders, with plans to integrate BONK into its business model.

2. The company's stock (SHOT) has declined 92% from its all-time high, currently holding a market cap of $82.7 million, compared to BONK's $2 billion market cap.

3. BONK founding contributors, including pseudonymous core contributor Nom, will advise Safety Shot on on-chain operations and regulatory frameworks.

4. Safety Shot aims to acquire 4-5% of BONK's supply by year-end, potentially worth up to $115 million, before exploring yield-generating strategies.

5. The move mirrors past trends where companies pivoted to crypto holdings, such as SharpLink Gaming's Ethereum acquisition, which initially boosted its stock price.