CoinVoice has learned that, according to stocktitan, the U.S. listed company Safety Shot (NASDAQ: SHOT) has announced a strategic alliance with BONK founding contributors to officially enter the decentralized finance (DeFi) space.
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, has chosen BONK as its financial strategy target, primarily 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 with a market capitalization of over $2 billion and on-chain holders reaching 980,000. [Original link]
