The Nasdaq-listed company issued $35 million in convertible preferred shares as consideration for the allocation.
The arrangement positions Safety Shot among a growing cohort of public companies adopting altcoin treasury strategies beyond traditional Bitcoin holdings.
Safety Shot CEO Jarrett Boon stated:
“This strategic partnership represents the first stage of a much broader corporate evolution for our company. By aligning with one of the most exciting ecosystems in digital assets, we are taking a bold first step.”
Safety Shot cited BONK’s Solana blockchain foundation as a key factor in the treasury decision.
BONK held a market capitalization exceeding $2 billion as of press time, making it the fifth-largest memecoin.
The allocation follows Safety Shot’s debt settlement and balance sheet optimization, which left the company with over $15 million in cash reserves. The BONK tokens will serve as core treasury assets within Safety Shot’s broader digital asset strategy.
