Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Alex Perry

Safety Shot Stock Boosted By A Memecoin Strategy? Here's What You Need To Know

Binary,Options,Chart

Shares of Safety Shot, Inc. (NASDAQ:SHOT) are rising Wednesday after the company provided an update on its memecoin treasury strategy.

What To Know: Safety Shot announced that its subsidiary BONK Holdings has purchased 2.7% of the circulating supply of BONK, a dog-themed memecoin on the Solana blockchain. The company also set an ambitious goal to acquire 5% of BONK’s circulating supply by the end of the year.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.