Solana News Today: Safety Shot Buys $25M in $BONK for 10% Stake in LetsBONK.fun

Safety Shot, Inc., a beverage company venturing into the digital asset space, has announced a strategic partnership with core contributors of $BONK, a leading memecoin on the Solana blockchain. The collaboration is set to center $BONK as a core component of the company’s newly established financial strategy. Under the terms of the agreement, Safety Shot will receive approximately $25 million worth of $BONK tokens in exchange for issuing $35 million in convertible preferred shares. This move follows the company’s clearance of all outstanding debts, leaving it with over $15 million in cash reserves [1].

To further solidify its digital asset direction, Safety Shot has reserved the NASDAQ ticker code “BNKK.” Dominari Securities, LLC is serving as the company’s exclusive financial advisor for the transaction. The company appears to be modeling its strategy after Michael Saylor’s success with MicroStrategy, though the market initially reacted negatively. TradingView data shows that the company’s stock price dropped nearly 55%, falling below $0.53 from above $1 following the announcement [1].

As part of its broader integration with the $BONK ecosystem, Safety Shot has secured a 10% revenue-sharing stake in the platform LetsBONK.fun. The platform, launched in April 2025, enables users to create and launch memecoins without coding expertise and is deeply integrated with the $BONK ecosystem. A portion of its revenue is used to repurchase and burn $BONK tokens, creating sustained buying pressure and reducing supply. LetsBONK.fun reported over $35 million in user payments in July 2025 alone, placing it among the most profitable decentralized applications globally [1].

Despite its early success, LetsBONK.fun faces stiff competition from pump.fun, another Solana-based memecoin platform that recently outperformed it in key metrics such as 24-hour trading volume and token graduations. The shift in momentum raises questions about how LetsBONK.fun will respond and what impact this will have on Safety Shot’s strategic positioning [1].

Safety Shot has emphasized the technical and economic advantages of $BONK over other memecoins. Running on the Solana blockchain, $BONK benefits from high transaction speeds and low fees—advantages that contrast with the higher costs and slower speeds often seen on the Ethereum network. Additionally, $BONK employs a deflationary token model, where a portion of the supply is permanently removed through a “burning” mechanism. This approach is intended to create scarcity and potentially support long-term value [1].

According to CoinGecko, $BONK currently has a market capitalization approaching $2 billion, ranking fifth among memecoins by market cap [1]. As part of the collaboration, key members of the $BONK core team, including Mitchell Rudy (also known as Nom), will join Safety Shot’s board, occupying 50% of the seats. Rudy will also serve as a strategic advisor, guiding the company’s accumulation of $BONK and offering insights on on-chain operations [1].

This deal distinguishes Safety Shot from other companies that have entered the crypto space by offering investors a direct share of revenue generated by LetsBONK.fun, rather than income tied to traditional staking mechanisms. “This is more than just holding tokens; we are deeply integrating our publicly traded company with a proven digital asset ecosystem,” said CEO Jarrett Boon [1].

By combining a debt-free balance sheet, substantial cash reserves, a large allocation of $BONK, and participation in LetsBONK.fun’s revenue, Safety Shot aims to create a sustainable growth model linking public market investors with high-volume decentralized ecosystems. As more companies explore diverse crypto strategies, Safety Shot’s focus on $BONK highlights the expanding range of options available in corporate digital asset portfolios [1].

Source: [1] Safety Shot Launches Crypto Treasury With $25M Deal, Partners With $BONK Founders for 10% Share in LetsBONK.fun (https://solanafloor.com/zh/news/safety-shot-launches-crypto-treasury-with-25-m-deal-partners-with-bonk-founders-for-10-share-in-lets-bonk-fun)