Safe Shot (Shot) registered with NASDAQ has acquired 10% of revenue stakes in Bonk.Fun, one of Solana’s largest Memecoin Launchpads. As part of the transaction, SafetyShot will receive $25 million worth of bonks (bonks) from the Treasury, and will directly coordinate the public company with the growth of the platform.
According to Defillama, Bonk.Fun generated more than $35 million in user fees in July, overturning its rival pump.
The platform controls more than 80% of Solana’s daily new token launch market share, with over 20,000 tokens rolling out on peak days, with daily volumes exceeding $100 million.
As part of the transaction, SafetyShot will convert the preferred stock into common stock and reinvest approximately 90% of its bonk.fun revenues in the purchase of Bonk tokens. The company clears its debts and holds more than $15 million in cash.
According to Solscan, Bonk, the fourth-largest Memecoin with a market capitalization of $2 billion and an on-chain holder of 980,000, is integrated into over 400 Solana applications spanning Defi, gaming and consumer products.
Bonk.Fun is consistently ranked among the top 10 distributed applications worldwide in terms of revenue.
CEO Jarrett Boon said the integration is “not just buying cryptocurrency,” but also acquiring stakes in “a highly profitable engine” within digital assets.
This move illustrates the shift from a typical corporate strategy of simply retaining crypto on the balance sheet to a fairness-like exposure in revenue-generating assets. For Safe Shots, you’ll get a repeating revenue stream related to Bonk Ecosystem activity and price performance.
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