Safety Shot Creates Subsidiary to Manage Solana-Based BONK

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Safety Shot Creates Subsidiary to Manage BONK

Safety Shot (NASDAQ: SHOT), a U.S.-listed company, announced on 11 Sep the creation of a new subsidiary, BONK Holdings, dedicated to managing digital assets tied to the Solana-based meme coin BONK.

Traditional Finance Steps Into Meme Coins

In a landmark move bridging Wall Street and crypto culture, Safety Shot disclosed a $5 million BONK purchase in partnership with FalconX, a major digital asset trading platform.

The company has already accumulated over 228.9 billion BONK tokens at an average price of $0.00002184, giving it ownership of more than 2.5% of BONK’s total circulating supply.

This marks one of the first instances where a Nasdaq-listed firm is making a large-scale, structured investment into a meme coin.

Expanding Into Solana DeFi

BONK Holdings’ strategy goes beyond simple token acquisition. The subsidiary plans to leverage Solana’s DeFi ecosystem through staking, liquidity provision, and yield farming to generate additional returns.

It has also signed a revenue-sharing agreement with the meme coin launchpad letsBONK.fun, securing 10% of its revenue. Those earnings will be used to fund further BONK purchases, creating a self-sustaining growth loop.

Meme Coins Enter a New Phase

While Safety Shot is considered a small-cap company with a market capitalization under $100 million, its entry into the BONK ecosystem underscores the growing maturity of meme coins.

Once dismissed as purely speculative assets, meme coins like BONK are now building utility-driven ecosystems and attracting attention from institutional players. Analysts suggest this could be a turning point, with BONK positioning itself as a next-generation meme coin that blends culture, DeFi innovation, and institutional backing. Check out our analyst’s price prediction of BONK between 2025 and 2040.

 

By Patrick Johnson

Patrick Johnson is a seasoned crypto journalist and analyst with a sharp eye for emerging trends in blockchain, DeFi, NFTs, and Web3 innovation. With a background in tech writing and years of experience tracking digital assets, Patrick breaks down complex topics into clear, actionable insights for investors, builders, and curious readers alike. His work spans market analysis, crypto regulation, decentralized finance ecosystems, and interviews with founders shaping the next phase of the internet. Patrick's writing has appeared in leading crypto publications and has earned a reputation for depth, clarity, and a no-hype approach to crypto journalism. When he’s not decoding the latest protocol upgrade or reporting on DAO governance shifts, you’ll find him experimenting with smart contracts or hiking off-grid, because even crypto authors need to unplug sometimes.