Safety Shot Dives into DeFi with $25M BONK Treasury
- Keyword Financial
- Aug 11
- 3 min read
Introduction
Safety Shot (Nasdaq: SHOT) announced it is establishing a corporate treasury position in BONK through a strategic alliance with BONK founding contributors, receiving roughly $25 million worth of tokens. In exchange, the company is issuing $35 million of convertible preferred shares. Management framed the move as the first step in a broader digital-asset strategy following recent balance-sheet cleanup, noting Safety Shot now has over $15 million in cash and no outstanding debt. The company also signaled plans to deepen collaboration across the Solana ecosystem as it builds out its digital asset infrastructure. (CryptoSlate | GlobeNewswire)
Safety Shot cited BONK’s technical underpinnings on Solana—high throughput and low fees—as a key reason for choosing it over Ethereum-based meme coins, which can face congestion and higher costs. The company also highlighted BONK’s deflationary mechanics via community-driven burns, positioning it as a potentially more efficient transactional and treasury asset. As of late July, BONK’s market cap was reported above $2 billion with close to one million on-chain holders, underscoring its scale within the memecoin category. (CryptoSlate | QuiverQuant summary of the release)
More broadly, the move fits a growing 2025 trend of public companies diversifying crypto treasuries beyond Bitcoin into ecosystem-specific tokens. Safety Shot’s CEO Jarrett Boon called the partnership a bold first step in the company’s evolution, with more details promised for shareholders. The company says the BONK allocation will serve as a core treasury asset aimed at strengthening its financial position and opening new paths for value creation, while acknowledging typical forward-looking risks around execution and token volatility. (CryptoSlate | GlobeNewswire)
