TL;DR
- Safety Shot creates BONK Holdings LLC to manage its memecoin treasury and implement an active strategy within the Solana ecosystem.
- The company has accumulated 228,908,284,661 BONK tokens, representing over 2.5% of the circulating supply, valued at approximately $55 million.
- BONK rose 6.8% in 24 hours, reaching $0.00002506.
Nasdaq-listed Safety Shot, under the ticker SHOT, announced the creation of BONK Holdings LLC, a subsidiary dedicated to managing its memecoin treasury and executing an active strategy within Solana’s DeFi ecosystem.
The company has acquired 228,908,284,661 tokens, representing more than 2.5% of the circulating supply, with an approximate value of $55 million at current market prices. The most recent $5 million purchase was carried out in collaboration with the digital trading platform FalconX.
Safety Shot’s goal is not merely to hold the tokens but to deploy them to generate non-dilutive returns through staking, liquidity provision, and yield farming. This active management aims to strengthen the company’s balance sheet and create a self-sustaining model that allows reinvesting profits into new tools and products within the crypto ecosystem. The company also receives 10% revenue from the letsBONK.fun platform, which will fund future token acquisitions once custody processes are finalized.
Safety Shot Aims to Unlock BONK’s Hidden Potential
The strategy reflects the company’s interest in leveraging the memecoin’s potential. CEO Jarrett Boon stated that memecoin offers untapped value that can be integrated with the company’s brands, such as Sure Shot and Yerbaé. Mitchell Rudy, BONK co-founder and strategic advisor, emphasized that the goal is to generate additional revenue streams and unlock shareholder value through active treasury management.
Following the announcement, SHOT shares fell to $0.37 but closed slightly higher at $0.39. In contrast, BONK has surged in recent days. It currently trades at $0.00002506, up 6.8% in the last 24 hours. Over the past week, the token has gained 27%. Technical analysis indicates it could break additional resistance levels, with solid support at $0.00002377 and potential upside toward $0.00003620, representing nearly 150% gains from recent levels.
Safety Shot’s active participation adds liquidity and credibility to the BONK project and strengthens its position in the crypto industry. The company aims to establish a model where its digital assets generate recurring income, reinforce the balance sheet, and create new growth opportunities
