Safety Shot Considers Acquiring Up to $115 Million in BONK as Part of New Treasury Strategy

Key Points

1. Safety Shot Inc. is acquiring up to $115 million in BONK, aiming to hold 4-5% of the total BONK supply by year-end.

2. The company will receive $25 million worth of BONK from its founding contributors as part of the acquisition.

3. Safety Shot's stock price dropped 51% after announcing its pivot to a BONK treasury strategy.

4. BONK has a market cap exceeding $2 billion and is a community-driven meme coin on the Solana blockchain.

5. The move is part of Safety Shot's strategic pivot to adopt BONK as a treasury asset, aiming to solidify its position as an investable asset.