
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.