Safety Shot Initiates BONK Holdings to Establish Treasury for $2.5 Billion BONK Ecosystem
Formation of BONK Holdings: Safety Shot, Inc. has established a new subsidiary, BONK Holdings LLC, to manage its digital asset strategy, significantly increasing its BONK treasury to over $63 million through a $5 million purchase.
Active Treasury Management: BONK Holdings plans to engage in active management of its digital assets within the Solana DeFi ecosystem, focusing on staking, providing liquidity, and yield farming to generate additional revenue streams.
Strategic Vision: The company aims to unlock intrinsic value for shareholders and leverage its BONK treasury for future growth, with a current valuation of digital and cash assets exceeding its market cap.
Revenue Generation: Safety Shot will utilize its 10% revenue share from the letsBONK.fun platform to fund ongoing acquisitions of BONK tokens, further enhancing its digital asset portfolio.
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