Safety Shot shares fall to two-month low as BONK subsidiary is inaugurated
Source: CoinWorld
Time: 2025-09-12 17:44:42
Nasdaq-listed Safety Shot founded BONK Holdings LLC, which focused on its digital asset strategy focused on Bonk meme coins, and its share price has since fallen. The company expanded its BONK reserves to more than 2.5% of the token circulation, and acquired 228.9 billion tokens at an average price of $0.00002184 per coin, with a total value of about $55 million. Despite these moves, Safety Shot's shares fell to $0.37, the lowest level in two months, and ended up closing at $0.39, down 0.74% on the day.