Safety Shot Invests $25 Million in BONK Tokens, Expanding DeFi Strategy

Safety Shot Inc., a publicly traded company, has partnered with the creators of Solana memecoin BONK to invest $25 million worth of BONK tokens into its treasury. This strategic move, which involves exchanging $35 million in preferred shares for the equivalent amount in BONK tokens, reflects Safety Shot’s growing focus on decentralized finance (DeFi) and integration of blockchain technology with traditional financial structures. The agreement underscores the increasing acceptance of memecoins within established financial frameworks.