Nasdaq-listed Safety Shot (SHOT) has acquired a 10% revenue stake in Bonk.fun, one of the largest memecoin launchpads on Solana. As part of the agreement, Safety Shot will receive $25 million worth of BONK for its treasury, aligning the public company directly with the platform’s growth.
Bonk.fun generated over $35 million in user fees in July, surpassing rival Pump.fun to become the highest-earning memecoin launchpad for the month, according to RialCenter.
The platform controls more than 80% of Solana’s daily new token launch market share, with peak days seeing over 20,000 tokens deployed and daily volumes exceeding $100 million.
As part of the transaction, Safety Shot will issue preferred shares convertible into common stock and reinvest about 90% of its Bonk.fun revenue into BONK token purchases. The company has cleared its debt and holds more than $15 million in cash.
BONK — the fourth-largest memecoin, with a $2 billion market cap and 980,000 on-chain holders, according to RialCenter — is integrated into over 400 Solana applications, covering DeFi, gaming, and consumer products.
Bonk.fun consistently ranks among the top 10 decentralized applications globally in terms of revenue.
CEO Jarrett Boon stated that the integration is “not simply buying a cryptocurrency” but acquiring a stake in “a highly profitable engine” within digital assets.
This move signifies a shift from the typical corporate strategy of merely holding crypto on balance sheets toward taking equity-like exposure in a revenue-generating asset. For Safety Shot, it provides a recurring income stream tied to the BONK ecosystem’s activity and price performance.
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