Bonk signs $25 million partnership with Nasdaq-listed company to accelerate expansion into traditional finance

BONK, the Solana-based memecoin, has entered into a major strategic partnership with a Nasdaq-listed company to help crypto assets become financial assets in traditional financial markets.
The transaction volume is approximately $25 million, and the company plans to secure up to $115 million worth of bonk by the end of the year, accounting for 5% of the total supply.
Safety Shot, a US Nasdaq-listed company, entered into a strategic partnership with Bonk's core contributors on August 11 (local time).
The company announced that it would receive $25 million worth of Bonk tokens. The board of directors will also be handed over to Bonk's core contributors, with Nom joining as a strategic advisor.
He will be responsible for advising on Bonk's acquisition strategy and blockchain operations. Safety Shot will leverage its cash reserves of $15 million to expand its Bonk holdings to $40 million.
The company plans to purchase additional bonks through a shelf offering of up to $100 million by the end of the year, aiming to secure 5% of the total supply.
The company plans to gradually change its ticker from SHOT to BNKK and then to BONK, and is currently awaiting approval from Nasdaq.
This partnership is a symbolic example of the potential for meme coins to be recognized as financial assets in the traditional financial system.
"This structure allows investors to access Bonk through traditional accounts," Nom said.
"This is an important step towards creating opportunities and establishing Bonk as a recognized investment asset within the regulatory framework," he said. Bonk was established in November 2022 to help rescue the Solana ecosystem, which was in crisis following the collapse of FTX.
It was created as a community initiative to help Solana recover. It was distributed for free to Solana developers and community members during the Christmas season, and gained attention. It has since played a key role in Solana's recovery.
Currently, Bonk's market capitalization exceeds $2 billion, and this partnership is recorded as a symbolic example of breaking down the boundaries between the traditional financial industry and the cryptocurrency market.
It is expected to be.