BONK and Safety Shot reach a $25 million partnership, planning to purchase approximately $115 million worth of tokens by the end of the year

BONK announced the signing of a $25 million strategic cooperation agreement with Nasdaq-listed company Safety Shot. Under this agreement, Safety Shot plans to purchase approximately $115 million worth of tokens by the end of the year, accounting for about 5% of BONK's total supply.

Written by: BONK

According to official sources, BONK announced the signing of a $25 million strategic cooperation agreement with Nasdaq-listed company Safety Shot. Under this agreement, Safety Shot plans to purchase approximately $115 million worth of tokens by the end of the year, accounting for about 5% of BONK's total supply.

According to the agreement, control of Safety Shot's board will be transferred to BONK's leadership. BONK's core contributor, Nom, will serve as a strategic advisor, guiding the company's BONK accumulation strategy and providing expertise in blockchain operations. Safety Shot plans to use $15 million of its cash reserves to increase its BONK holdings to $40 million, and will conduct an additional issuance of up to $100 million by the end of the year to further increase its holdings. The company also plans to change its Nasdaq ticker symbol from SHOT to BNKK, and eventually to BONK, pending regulatory approval.

In addition, Safety Shot is preparing to establish partnerships with major blockchain and fintech companies.

Industry observers believe that this cooperation is a symbolic case of Meme coins being recognized as legitimate financial assets within a regulated framework. By reducing BONK's circulating supply, the transaction is expected to enhance price stability, while enabling both institutional and retail investors to indirectly invest in BONK through traditional brokerage accounts. 

Nom commented: "This structure creates an opportunity to access BONK through traditional accounts, making it a regulated and recognized investment asset within established financial frameworks."

BONK was launched in November 2022 by the Solana community in response to the collapse of FTX, and was initially distributed for free to developers and community members during Christmas. Since then, the token has been considered to play a key role in Solana's revival. Given its market capitalization of over $2 billion, this cooperation is expected to be remembered as a milestone in bridging the gap between traditional finance and the crypto economy.

Meanwhile, BONK.fun announced it has been selected as the official USD1 launch platform for Trump World Freedom Finance. This strategic partnership makes BONK.fun the main platform for introducing major Web2 companies to the blockchain, further solidifying its role as a gateway to a decentralized future. The cooperation is expected to bring new liquidity and greater visibility to the BONK ecosystem, thereby enhancing its growth and relevance in the broader Web3 space. More details about this cooperation and upcoming plans will be announced soon.