Safety Shot Stock Rises on Memecoin Strategy Update.

Safety Shot's shares rose 10.9% after the company announced its memecoin treasury strategy, including acquiring 2.7% of BONK's circulating supply and aiming for 5% by year-end. The company is using revenue from its 10% interest in memecoin launchpad letsBONK.fun to fund its BONK accumulation strategy. Safety Shot's cash on hand has dramatically dropped over the past four years, from $11 million in 2021 to $467,000 in its last earnings call.

Safety Shot, Inc. (Nasdaq: SHOT) saw its shares rise by 10.9% following the announcement of its strategic treasury accumulation plan, involving the acquisition of 2.7% of BONK's circulating supply and a target of 5% by the end of 2025. The company is leveraging revenue from its 10% interest in the memecoin launchpad letsBONK.fun to fund this initiative. Safety Shot's cash on hand has significantly decreased over the past four years, from $11 million in 2021 to $467,000 at its last earnings call Safety Shot Acquires 2.7% of BONK’s Circulating Supply, Sets Year-End Target of 5%^[1].

The announcement details that Safety Shot's subsidiary, BONK Holdings LLC, has increased its holdings to over 2.7% of BONK's total circulating supply. The company aims to reach 5% by the end of 2025, a goal bolstered by the receipt of its first revenue share payment of $500,000 from letsBONK.fun. Safety Shot anticipates receiving an additional payment of approximately $650,000 within the next 27 days Safety Shot Acquires 2.7% of BONK’s Circulating Supply, Sets Year-End Target of 5%^[1].

The company is strategically deploying this non-dilutive revenue stream to acquire more BONK tokens during the current market downturn, taking advantage of what it perceives as a significant discount. Safety Shot's debt-free balance sheet provides the flexibility to act decisively and capitalize on seasonal market trends, particularly during the fourth quarter Safety Shot Acquires 2.7% of BONK’s Circulating Supply, Sets Year-End Target of 5%^[1].

Mitchell Rudy, a BONK core contributor, stated, "This is the flywheel in action, and it’s proving our model from day one. We are using a non-dilutive, recurring revenue stream to aggressively accumulate what we believe is a deeply undervalued asset during a market downturn. The BONK ecosystem has historically seen its strongest performance in the fourth quarter, and we are strategically positioning our treasury to capitalize on that. Our goal of reaching 5% of the circulating supply is not just an arbitrary number; it’s a clear milestone on our path to building the premier public vehicle for the BONK ecosystem and delivering significant, long-term value to our shareholders" Safety Shot Acquires 2.7% of BONK’s Circulating Supply, Sets Year-End Target of 5%^[1].

Jarrett Boon, CEO of Safety Shot, added, "Our strategy is executing exactly as planned. Receiving our first revenue share and immediately putting it to work demonstrates the power and efficiency of this accretive model. With a debt-free balance sheet and a clear plan, we have the flexibility to be opportunistic and build our treasury in a way that directly strengthens our balance sheet and benefits our investors" Safety Shot Acquires 2.7% of BONK’s Circulating Supply, Sets Year-End Target of 5%^[1].

The company's focus on building a robust treasury of digital assets aligns with its mission to bridge the gap between traditional public markets and the digital asset ecosystem. Safety Shot's beverage division holds patents for the Sure Shot beverage and Yerbaé’s plant-based, energy beverage, further diversifying its revenue streams Safety Shot Acquires 2.7% of BONK’s Circulating Supply, Sets Year-End Target of 5%^[1].