03:13 PM EDT, 08/11/2025 (MT Newswires) -- Safety Shot ( SHOT ) shares were down nearly 52% after the company chose cryptocurrency BONK (BONK-USD) as its main treasury asset.

The company has entered a partnership with the founding contributors of BONK to integrate into the BONK ecosystem, Safety Shot ( SHOT ) said.

The company added it has cleared all outstanding debt and now holds more than $15 million in cash.

Under the deal, the company will receive about $25 million in BONK tokens in exchange for $35 million in convertible preferred shares, according to Safety Shot ( SHOT ).

Price: 0.53, Change: -0.61, Percent Change: -53.51