Safety Shot, a Nasdaq-listed company, has entered the Solana memecoin space by acquiring a 10% revenue stake in Bonk.fun, one of the largest token launchpads on the network.
The deal brings $25 million worth of BONK tokens into Safety Shot’s corporate treasury, aligning the firm with Bonk.fun’s rapid growth. In July, Bonk.fun generated over $35 million in user fees, surpassing rival Pump.fun, and now controls more than 80% of Solana’s daily new token launches.
On peak days, over 20,000 tokens are deployed, with daily volumes exceeding $100 million. BONK, the fourth-largest memecoin with a $2 billion market cap and 980,000 holders, is integrated into more than 400 Solana-based applications, including DeFi, gaming, and consumer products.
As part of the agreement, Safety Shot will issue preferred shares convertible into common stock and reinvest roughly 90% of Bonk.fun revenue into further BONK purchases. The company has cleared its debt and holds over $15 million in cash reserves.
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