SafetyShot
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Big companies usually only keep $BTC or $ETH in their savings. But Safety Shot is trying something new, and risky.
They just added $25 million worth of $BONK (a Solana memecoin) to their company savings.
Why this is a big deal:
~ Most companies play it safe with Bitcoin or Ethereum.
~BONK’s price can swing wildly, it’s much riskier.
~Safety Shot traded $35M in company stock to get these BONK tokens.
Is this the start of a trend? Or just a one-time experiment? What do you think?
#BONK🔥🔥 #SafetyShot #GregLens
They just added $25 million worth of $BONK (a Solana memecoin) to their company savings.
Why this is a big deal:
~ Most companies play it safe with Bitcoin or Ethereum.
~BONK’s price can swing wildly, it’s much riskier.
~Safety Shot traded $35M in company stock to get these BONK tokens.
Is this the start of a trend? Or just a one-time experiment? What do you think?
#BONK🔥🔥 #SafetyShot #GregLens
ZOE999:
Bullish
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Safety Shot Beverage Company shifts to accumulate BONK, targeting $115 million
Safety Shot Inc., a health beverage company, is making a bold move, announcing that it will acquire $25 million worth of token $BONK from the core contributors of this meme coin. The company aims to accumulate up to $115 million worth of BONK by the end of this year, representing about 4-5% of the total supply.
Meme coin accumulation strategy and personnel team
This move makes #SafetyShot , a publicly listed company on NASDAQ, one of the newest public companies to join the cryptocurrency accumulation trend. Nom, one of the core contributors of BONK, will join Safety Shot in a strategic role to support the accumulation of BONK and advise on on-chain activities.
According to Nom, this will help BONK reach traditional investors and funds, reinforcing BONK's position as a potentially investable asset in the future. He also stated that the company will initially focus on purchasing BONK, and only later explore yield-generating methods.
Market reaction and concerns
The trend of companies with business issues turning to cryptocurrency accumulation is not new, similar to SharpLink Gaming with Ethereum. Although these announcements often create an initial buzz, Safety Shot's stock price has dropped by 51% after the announcement, indicating market skepticism about this strategy. Experts also warn that these companies need to have other revenue sources to avoid becoming "forced sellers" in the future. #anhbacong
Safety Shot Inc., a health beverage company, is making a bold move, announcing that it will acquire $25 million worth of token $BONK from the core contributors of this meme coin. The company aims to accumulate up to $115 million worth of BONK by the end of this year, representing about 4-5% of the total supply.
Meme coin accumulation strategy and personnel team
This move makes #SafetyShot , a publicly listed company on NASDAQ, one of the newest public companies to join the cryptocurrency accumulation trend. Nom, one of the core contributors of BONK, will join Safety Shot in a strategic role to support the accumulation of BONK and advise on on-chain activities.
According to Nom, this will help BONK reach traditional investors and funds, reinforcing BONK's position as a potentially investable asset in the future. He also stated that the company will initially focus on purchasing BONK, and only later explore yield-generating methods.
Market reaction and concerns
The trend of companies with business issues turning to cryptocurrency accumulation is not new, similar to SharpLink Gaming with Ethereum. Although these announcements often create an initial buzz, Safety Shot's stock price has dropped by 51% after the announcement, indicating market skepticism about this strategy. Experts also warn that these companies need to have other revenue sources to avoid becoming "forced sellers" in the future. #anhbacong
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