Safety Shot Invests $55 Million in BONK, Highlighting Shift in Corporate Crypto Strategy

Nasdaq-listed company Safety Shot has made a substantial investment in the BONK cryptocurrency, establishing a new subsidiary called BONK Holdings. The ambitious move involves purchasing a staggering $55 million worth of BONK tokens, establishing Safety Shot as a significant player in the rapidly growing world of digital assets. 2.5% of BONK’s total circulating supply is now held by Safety Shot, marking this venture as a major turning point in the relationship between established companies and cryptocurrencies, particularly meme coins.