– Safety Shot’s stock dropped 50% after investing $25M in Solana-based memecoin Bonk.
– The firm cited Bonk’s tech advantages over rivals and claimed debt-free status with $15M cash.
– Market skepticism followed, mirroring GD Culture Group’s earlier crypto treasury plan.
– Analysts warn such moves risk investor trust if rationale lacks clarity.
– The incident highlights governance challenges in volatile digital asset investments.