According to ChainCatcher news and rockflow data, the new BONK treasury company Safety Shot (SHOT) saw its stock price fall by 49.1% during the trading day, currently reported at 0.58 USD, with a market capitalization of approximately 85.01 million USD. When the “BONK treasury” news was released, it briefly rose to 1.25 USD in pre-market.
According to news from ChainCatcher, as previously reported, the US-listed company Safety Shot (Nasdaq code: SHOT) announced a strategic alliance with BONK’s founding contributors to officially enter the decentralized finance (DeFi) sector. Under the agreement, the company will receive BONK tokens worth $25 million, in exchange for which it will issue preferred shares convertible into common stock with a total value of $35 million.
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