The shares were launched in the safety of the beverage maker listed on the NASDAC Stock Exchange by 50 % after announcing a plan to purchase Muminoin worth $ 25 million as part of the new treasury strategy.
Company Declare A strategic alliance with founding shareholders Bonk on Monday to deeply integrate the company with Memecoin Environmental System.
The company stated that its decision to focus on mechanoin, such as the basic origin of the treasury “depends on its clear and distinctive advantages on its competitors.”
“It takes advantage of the superior technology that allows high -cost high -cost transactions,” said Solana’s distinctive code.
This gives Bonk an advantage over its competitors such as Shiba Inu (Shib) and Pepe (PEPE), which is “bound by high fees and slow speeds” from Ethereum and Dogecoin (DOGE), which is inflation.
Bonk is the fifth largest mechanic by the market value, with a trading of $ 1.9 billion and 77 trillion symbols. Prices reached their climax in November 2024, but since then it started by 57 % of that altitude, as the madness of the mechanics faded over the past six months.
Safety Shot said it is ready for this step by settling all due debts and maintaining more than $ 15 million in cash. It plans to issue favorite shares of $ 35 million, which can be converted into shares of shared shares of the company.
Through compatibility with “one of the most exciting ecosystems in digital assets”, we take a bold first step in the development of much wider companies for our company, Bon said.
Cointelegraph Safety Shot called for more details but did not receive an immediate response.
Safety shot shares declined
The move failed to persuade investors, as the shares of the company (shot) fell by more than 50 % on Monday, a decrease to $ 0.59 in post -working hours.
Safety snapshot, previously known as well -known Jupiter, is made a drink of alcohol toxins in the blood under the confirmed brand. Jarrett Bowon CEO was co -founder and CEO of GBB Drink Lab, who developed a safety snapshot.
Related to: Traditional companies enter Crypto Treasury game with BTC, XRP and Sol Buys
The shares of the company increased by 36 % during the past month, but they are still 22.5 % since the beginning of the year.
It is not the first ministry of the MEMECOIN
This is not the first public company to launch the Ministry of Treasury. In May, the GD Culture Group, which focuses on direct broadcasting and e -commerce, announced plans to raise up to $ 300 million for the cryptocurrency reserve that will include the name of US President Memecoin Trump (Trump).
The Memecoin market value has decreased by 25 % since the beginning of the year, while the total value of the Crypto market increased by 22 % in the same period, According to To Coinmarketcap.
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2025-08-12 04:12:00