1 week ago
Safety Shot announced connected August 11 the instauration of a firm BONK treasury, receiving $25 cardinal successful tokens done a strategical confederation with BONK founding contributors.
The Nasdaq-listed institution issued $35 cardinal successful convertible preferred shares arsenic information for the allocation.
The statement positions Safety Shot among a increasing cohort of nationalist companies adopting altcoin treasury strategies beyond accepted Bitcoin holdings.
Recent firm altcoin moves see Bit Origin arranging $500 million for Dogecoin (DOGE) accumulation and SharpLink Gaming disclosing astir 600,000 ETH holdings.
Safety Shot CEO Jarrett Boon stated:
“This strategical concern represents the archetypal signifier of a overmuch broader firm improvement for our company. By aligning with 1 of the astir breathtaking ecosystems successful integer assets, we are taking a bold archetypal step.”
The concern includes plans for expanded collaboration crossed the Solana ecosystem arsenic Safety Shot develops its integer plus infrastructure.
Technical infrastructure drives selection
Safety Shot cited BONK’s Solana blockchain instauration arsenic a cardinal origin successful the treasury decision.
The institution noted BONK’s high-speed, low-cost transaction capabilities supply advantages implicit Ethereum-based competitors similar Shiba Inu and Pepe, which they claimed look web congestion and elevated fees.
BONK held a marketplace capitalization exceeding $2 cardinal arsenic of property time, making it the fifth-largest memecoin.
The allocation follows Safety Shot’s indebtedness colony and equilibrium expanse optimization, which near the institution with implicit $15 cardinal successful currency reserves. The BONK tokens volition service arsenic halfway treasury assets wrong Safety Shot’s broader integer plus strategy.
Broader altcoin treasury adoption
Corporate cryptocurrency treasury adoption has accelerated passim 2025, with companies diversifying beyond Bitcoin (BTC) into specialized blockchain ecosystems.
XRP corporate treasury commitments are besides accrued done companies similar Trident Digital, Webus International, and VivoPower International, demonstrating organization appetite for BTC alternatives.
Windtree Therapeutics secured agreements for up to $200 cardinal to found BNB reserves, portion Sonnet BioTherapeutics earmarked $583 cardinal successful HYPE tokens for balance-sheet deployment.
The station Safety Shot establishes BONK firm treasury with $25 cardinal token allocation appeared archetypal connected CryptoSlate.
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