Safety Shot pivots to a BONK treasury strategy by accepting $25 million from founding contributors, aiming to acquire 4–5% of the token supply amid a 51% stock decline.
Safety Shot Inc., traded on NASDAQ as SHOT, is set to receive $25 million worth of BONK from Solana meme coin founders, with plans to acquire up to $115 million in BONK by year-end. The move integrates key participants like pseudonymous contributor Nom into the company’s strategic operations and marks a pivot toward crypto treasuries. Despite the strategic initiative, the stock has fallen by 51% following the announcement, continuing a long-term decline.