Safety Shot acquires 10% revenue rights of Bonk.fun, receives $25 million in BONK tokens
According to Jinse Finance, Nasdaq-listed company Safety Shot (SHOT) has acquired a 10% revenue share in the Solana meme coin issuance platform Bonk.fun and received BONK tokens worth $25 million to bolster its corporate treasury. The transaction was completed through the issuance of preferred shares convertible into common stock. SHOT plans to reinvest approximately 90% of the future earnings from this revenue share back into BONK tokens.
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