Safety Shot to Establish $25M BONK Treasury, Will Price Follow?

Safety Shot, a Nasdaq-listed company bridging traditional public firms with the digital asset ecosystem, has announced a strategic alliance with BONK’s founders to create a BONK treasury. The firm noted that it would start with a BONK portfolio worth $25 million. Interestingly, this makes Safety Shot possibly the first public company to adopt BONK as a crypto treasury.

The company noted in a press release that the partnership involves Safety Shot receiving an initial allocation of BONK tokens. These tokens were exchanged for issuing Preferred Shares worth $35 million, which are convertible into common stock.

Safety Shot to Accumulate BONK

The Nasdaq-listed company is strategically building a robust treasury of digital assets by acquiring revenue-generating assets within the decentralized finance (DeFi) space. Emphasizing this point, Safety Shot CEO Jarrett Boon said:

“This strategic partnership represents the first stage of a much broader corporate evolution for our company.”

Notably, the company has successfully cleared all outstanding debt. It currently maintains a strong financial position with over $15 million in cash. By focusing on these goals, the company aims to leverage its economic stability and strategic partnership with the BONK ecosystem to drive growth and value creation.

Despite the recent alliance, Safety Shot’s stock SHOT has sunk below $0.64, representing over a 43% loss at the time of writing.

BONK is a Solana-based memecoin, which was initially launched via a crypto airdrop to buyers of Solana’s first phone, Saga. Since then, the meme token has emerged as one of the leading cryptocurrencies on the global market.

The latest partnership could enhance BONK’s credibility and visibility in the long term. Despite the potential for increased attention, BONK’s price failed to impress as it tanked by 3.67% over the past 24 hours. At the time of writing, it sold for $0.0000262.

Crypto-Focused Treasuries On The Rise

Safety Shot’s move to establish its BONK treasury signifies a growing trend of traditional public companies integrating digital assets into their financial strategies. Leading the bandwagon is Strategy. The business intelligence firm and largest corporate holder of BTC has recently increased its Bitcoin holdings. The company bought 155 BTC for $18 million and now holds 628,946 BTC worth $46.09 billion.

In another move, Nasdaq-listed entity CEA Industries (BNC) bought 200,000 BNB worth $160 million. Targeting $1.25 billion in BNB assets, BNC aims to boost institutional participation in the BNB ecosystem.

The post Safety Shot to Establish $25M BONK Treasury, Will Price Follow? appeared first on Cointab.

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Safety Shot to Establish $25M BONK Treasury, Will Price Follow? was first posted on August 11, 2025 at 5:07 pm.
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