Safety Shot Inc. has announced the acquisition of 228.9 billion BONK tokens through its subsidiary BONK Holdings LLC, representing approximately 2.5% of the total supply.
Acquisition of BONK Tokens
NASDAQ-listed Safety Shot Inc. has acquired 228.9 billion BONK tokens as part of their digital asset strategy, executed through BONK Holdings LLC.
DeFi Strategy and Partnerships
The acquisition was facilitated through a partnership with FalconX and the BONK core team. Safety Shot's CEO, Jarrett Boon, emphasized the importance of creating a leading public vehicle for the BONK ecosystem. 'The formation of BONK Holdings and our strategic partnership with FalconX are pivotal steps in our mission,' he stated.
Market Impact and Potential Consequences
This acquisition may influence the Solana DeFi market as BONK Holdings manages the newly acquired tokens. The investments are aimed at generating income through liquidity and yield farming. Strong financial metrics in the context of the BONK market, with valuations ranging from $55 to $63 million, could further enhance participation in digital assets.
Overall, Safety Shot's investment in BONK tokens signifies a significant shift for a NASDAQ company into the meme token space, potentially leading to increased interest and activity in DeFi on Solana.
