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US publicly traded company Safety Shot announced that it will launch the BONK Treasury Strategy
BlockBeats News, August 11th, according to stocktitan, the US stock listed company Safety Shot (Nasdaq: SHOT) announced a strategic alliance with a BONK founding contributor, officially entering the Decentralized Finance (DeFi) field. Under the agreement, the company will receive $25 million worth of BONK tokens and will issue preferred shares convertible into common stock, with a total value of $35 million, in exchange.
This enterprise, holding $15 million in cash and having paid off all its debts, chose BONK as its financial strategy target, mainly considering the token's competitive advantages. Built on the Solana blockchain, BONK features high-speed transaction capabilities and a deflationary tokenomics model, currently with a market capitalization exceeding $2 billion and 980,000 on-chain holders.
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