- Safety Shot Inc. partners with BONK founders for $25M in BONK tokens.
- Includes issuance of $35M preferred shares convertible into common stock.
- Ticker “BNKK” reserved on Nasdaq for new crypto subsidiary.
Safety Shot, Inc. has launched a $25 million crypto treasury in BONK tokens, partnering with BONK’s founders to hold a 10% equity interest in LetsBONK.fun.
The strategic move signals Safety Shot’s shift towards integrating digital assets, potentially affecting market dynamics and investor confidence in public company’s engagement with cryptocurrencies.
Safety Shot, Inc. has partnered with BONK founders to receive $25 million in BONK tokens, issuing $35 million in preferred shares.
This partnership signifies a key move in integrating Safety Shot within the digital assets space, impacting BONK adoption and market strategies.
Safety Shot Secures $25M in BONK Tokens
Safety Shot, Inc. announced a partnership receiving approximately $25 million in BONK tokens by issuing $35 million in convertible preferred shares. This move signals a strategic shift in integrating with digital assets.
The alliance involves founding contributors of BONK, with Safety Shot also reserving Nasdaq ticker “BNKK.” This solidifies their intentions in the crypto treasury strategy .
Safety Shot Gains Stake in Digital Ecosystem
The deal gives Safety Shot a 10% stake in LetsBONK.fun, aligning them with a popular digital ecosystem. The announcement had no immediate on-chain data disclosed.
This could potentially influence the valuation of BONK tokens and Safety Shot’s stock, reflecting growth in market acceptance of crypto strategies by public companies.
Public Firms’ Crypto Adoption: A Historical Insight
Historically, public companies adopting crypto assets, like MicroStrategy , saw significant market engagement. Safety Shot’s method may echo similar results, expanding corporate crypto treasuries.
Predicted outcomes might include market volatility for BONK and increased adoption. Past trends suggest corporate crypto strategies influence market dynamics and investor behavior.
– Jarrett Boon, CEO, Safety Shot, Inc., “By aligning with one of the most exciting ecosystems in digital assets, we are taking a bold first step in a much broader corporate evolution for our company.”
