Nasdaq-listed Safety Shot (SHOT) has taken a 10% revenue stake in Bonk.fun, among the largest memecoin launchpads on Solana. As part of a deal, Safety Shot will receive $25 million worth of BONK (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, eclipsing rival Pump.fun to become the month’s highest-earning memecoin launchpad, according to DeFiLlama.
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 topping $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 SolScan — is integrated into over 400 Solana applications, spanning DeFi, gaming, and consumer products.
Bonk.fun consistently ranks among the top 10 decentralized applications globally in terms of revenue.
CEO Jarrett Boon said the integration is “not simply buying a cryptocurrency” but acquiring a stake in “a highly profitable engine” within digital assets.
The move marks a shift from the typical corporate strategy of simply holding crypto on balance sheets toward taking equity-like exposure in a revenue-generating asset. For Safety Shot, it adds a recurring income stream tied to the BONK ecosystem’s activity and price performance.