Safety Shot Invests $25M in Solana Memecoin BONK, Securing 10% Revenue Stake
Nasdaq-listed company Safety Shot (SHOT) has acquired a 10% revenue stake in Bonk.fun, one of the largest memecoin launchpads on the Solana blockchain. As part of the deal, Safety Shot received $25 million worth of BONK tokens for its treasury, directly aligning the company with the platform’s ongoing growth.
Bonk.fun generated over $35 million in user fees during July, dominating Solana’s token launch market and surpassing competitors like Pump.fun. The platform commands more than 80% of Solana’s daily new token launch market share, with peak days seeing over 20,000 tokens deployed and daily volumes exceeding $100 million.
Safety Shot plans to reinvest roughly 90% of Bonk.fun’s revenue back into purchasing BONK tokens, while also issuing preferred shares convertible to common stock. The company has cleared its debts and maintains over $15 million in cash reserves.
BONK ranks as the fourth-largest memecoin with a $2 billion market cap and nearly one million on-chain holders. Integrated into over 400 Solana applications, BONK spans DeFi, gaming, and consumer products sectors. Bonk.fun consistently ranks among the top decentralized applications globally by revenue.
CEO Jarrett Boon highlighted that this investment represents acquiring a stake in “a highly profitable engine” within the digital asset space, marking a strategic shift from simply holding crypto assets to gaining equity-like exposure tied to platform performance.
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