Overview
- BONK Holdings was created to steer Safety Shot’s digital-asset strategy with a treasury centered on the Solana memecoin BONK.
- A FalconX-executed $5 million purchase brought the position to 228,908,284,661 BONK, roughly 2.5% of circulating supply, valued near $55 million at recent prices and acquired at an average of $0.00002184.
- The company plans active on-chain management through staking, liquidity provision, and yield farming to turn holdings into recurring income.
- Safety Shot says a 10% revenue share from letsBONK.fun will fund additional BONK purchases once custody practices are finalized.
- Management asserts digital and cash assets exceed the firm’s market capitalization, as SHOT shares slipped after the announcement and BONK gained about 8% over 24 hours.