Safety Shot Announces Strategic Alliance with Bonk Founding Contributors, Initiating BONK Treasury Strategy
Rhea-AI Summary
Safety Shot (Nasdaq: SHOT) has announced a strategic alliance with BONK founding contributors, marking its entry into the DeFi space. The company will receive $25 million in BONK tokens in exchange for $35 million in Preferred Shares convertible to common stock.
The company, which maintains $15 million in cash and has settled all outstanding debt, selected BONK for its treasury strategy due to its advantages over competitors. BONK, built on Solana blockchain, offers high-speed transactions and deflationary tokenomics, with a market cap exceeding $2 billion and 980,000 on-chain holders.
The partnership, advised by Dominari Securities, aims to diversify Safety Shot's asset base and create new shareholder value.Positive
- Strategic acquisition of $25 million in BONK tokens, the fourth-largest memecoin globally
- Strong balance sheet with $15 million in cash and all debt settled
- Partnership with a leading DeFi platform built on high-performance Solana blockchain
- Access to BONK's large user base of 980,000+ on-chain holders
Negative
- Significant dilution risk through $35 million in convertible Preferred Shares
- Exposure to volatile crypto assets through BONK token holdings
- Departure from core beverage business focus into speculative DeFi sector
News Market Reaction 63 Alerts
On the day this news was published, SHOT declined 51.04%, reflecting a significant negative market reaction. Argus tracked a trough of -66.9% from its starting point during tracking. Our momentum scanner triggered 63 alerts that day, indicating high trading interest and price volatility. This price movement removed approximately $171M from the company's valuation, bringing the market cap to $164M at that time. Trading volume was very high at 4.1x the daily average, suggesting heavy selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Company to Receive
SCOTTSDALE, AZ, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Safety Shot, Inc. (Nasdaq: SHOT), today announced a groundbreaking strategic alliance with the BONK founding contributors to deeply integrate the Company with the BONK ecosystem.
In preparation for this new strategy, the Company has settled all outstanding debt and currently maintains a strong balance sheet with over
A Strategic Decision to Align with a Market Leader
The decision to focus on BONK as the core treasury asset is based on its clear and distinct advantages over its competitors. Built on the high-performance Solana blockchain, BONK benefits from superior technology that enables high-speed, low-cost transactions. This makes it highly efficient for trading and payments, giving it a significant technical edge over competitors like Shiba Inu and Pepe, which are often constrained by the high fees and slower speeds of the Ethereum network. Furthermore, unlike inflationary meme coins such as Dogecoin, BONK features deflationary tokenomics powered by the community. A "burn" mechanism is integrated into its ecosystem by various teams and applications, which permanently removes a portion of the token supply from circulation. This design aims to increase scarcity and support long-term value, powered by the community.
As of July 31, BONK holds a market capitalization of over
“This strategic partnership represents the first stage of a much broader corporate evolution for our company,” said Jarrett Boon, CEO of Safety Shot. “By aligning with one of the most exciting ecosystems in digital assets, we are taking a bold first step. We look forward to sharing more details about the full scope of this strategy with our shareholders in the coming days as we continue to lead our beverage brands to new heights.”
This partnership is expected to enhance Safety Shot’s financial position, diversify its asset base, and unlock new avenues for shareholder value creation.
Dominari Securities, LLC. is serving as the exclusive financial advisor to Safety Shot in connection with the transaction.
About Safety Shot, Inc.
Safety Shot, Inc. (Nasdaq: SHOT) is a company evolving to bridge the gap between traditional public markets and the digital asset ecosystem. The Company is executing a new strategy focused on acquiring revenue-generating assets within the DeFi space to build a robust treasury of digital assets. The Company’s beverage division holds the patented Safety Shot beverage, designed to rapidly reduce blood alcohol content as well as Yerbaé’s plant-based, energy beverage.
Investor Relations: Phone: 561-244-7100 Email: investors@drinksafetyshot.com
Forward-Looking Statements: This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding the expected completion of the acquisition. These forward-looking statements are based on the current expectations of the management of Safety Shot and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Safety Shot, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Such statements are subject to risks and uncertainties, and actual results could differ materially. Factors that could cause or contribute to such differences include, but are not limited to, the performance of BONK tokens and the ability to execute on the Company’s treasury strategy, and other risks detailed in Safety Shot’s filings with the Securities and Exchange Commission.
FAQ
What is the value of Safety Shot's strategic alliance with BONK?
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Why did Safety Shot choose BONK for its treasury strategy?
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