The listed company Safety Shot announced the launch of the BONK treasury strategy

ChainCatcher news, according to stocktitan, the U.S. publicly listed company Safety Shot (NASDAQ: SHOT) announced a strategic alliance with the BONK founding contributors, officially entering the decentralized finance (DeFi) sector.

According to the agreement, the company will receive BONK tokens worth $25 million, in exchange for issuing preferred shares convertible into common stock, with a total value of $35 million.

This company, which holds $15 million in cash and has paid off all its debts, chose BONK as its financial strategy target, mainly considering the competitive advantages of the token. Built on the Solana blockchain, BONK features high-speed transaction characteristics and a deflationary token economic model, currently boasting a market capitalization of over $2 billion, with on-chain holders reaching 980,000.