Safety Shot, Inc. appoints BONK founder Mitchell Rudy to Board of Directors, marking its strategic shift towards digital assets.
Quiver AI Summary
Safety Shot, Inc. has announced the appointment of Mitchell Rudy, a core founder of the BONK ecosystem, to its Board of Directors, succeeding Dave Long. This change supports Safety Shot's new strategic focus on integrating with the digital asset ecosystem, particularly through the BONK platform. CEO Jarrett Boon expressed excitement over Rudy's extensive experience and expertise within the Solana ecosystem, highlighting his potential contributions to the company's growth in digital assets. Rudy aims to help create revenue streams to support Safety Shot's financial health, while also acknowledging Long’s important role on the board. Safety Shot is actively pursuing opportunities in the DeFi space to bolster its digital asset portfolio, alongside its beverage division.
Potential Positives
- Appointment of BONK core founder Mitchell Rudy to the Board of Directors enhances the company's strategic focus on the digital asset ecosystem.
- Mr. Rudy's expertise in the Solana ecosystem and institutional growth could drive innovation and new revenue streams for Safety Shot.
- The announcement signals a commitment to transitioning towards integrating DeFi assets and supports the company's evolution into a publicly-traded vehicle for digital assets.
- The integration with letsBONK.fun indicates a proactive approach to expanding the company's portfolio and enhancing its financial position.
Potential Negatives
- Appointment of a new board member following the resignation of a previous member, which may raise concerns about stability and continuity in leadership.
- Dependence on the performance of BONK tokens and the uncertain success of the company's strategy related to digital assets, highlighting potential financial risks.
- Forward-looking statements indicate that the company faces various risks and uncertainties that could significantly impact its future performance.
FAQ
What is the significance of Mitchell Rudy's appointment to Safety Shot's Board of Directors?
Mitchell Rudy's appointment aligns Safety Shot's governance with its new strategic focus on digital assets, enhancing its expertise in the industry.
What experience does Mitchell Rudy bring to Safety Shot?
Rudy has extensive experience in the Solana ecosystem and has been a core contributor to the BONK project since 2022.
Why did Dave Long resign from the Board of Directors?
Dave Long stepped down but was thanked for his dedicated service and significant contributions to Safety Shot's growth and strategy.
How is Safety Shot integrating with the digital asset ecosystem?
Safety Shot is focused on acquiring revenue-generating assets within the DeFi space and building a robust treasury of digital assets.
What products does Safety Shot, Inc. offer?
Safety Shot offers the patented Safety Shot beverage, which reduces blood alcohol content, and Yerbaé’s plant-based energy beverage.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SHOT Hedge Fund Activity
We have seen 28 institutional investors add shares of $SHOT stock to their portfolio, and 30 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- XTX TOPCO LTD removed 115,153 shares (-71.1%) from their portfolio in Q2 2025, for an estimated $37,988
- C2P CAPITAL ADVISORY GROUP, LLC D.B.A. PROSPERITY CAPITAL ADVISORS removed 102,712 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $37,397
- BLACKROCK, INC. removed 102,597 shares (-16.3%) from their portfolio in Q2 2025, for an estimated $33,846
- JANE STREET GROUP, LLC removed 102,267 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $37,235
- MYDA ADVISORS LLC added 100,000 shares (+inf%) to their portfolio in Q2 2025, for an estimated $32,990
- UBS GROUP AG removed 65,585 shares (-95.6%) from their portfolio in Q2 2025, for an estimated $21,636
- KINGSTONE CAPITAL PARTNERS TEXAS, LLC added 62,400 shares (+inf%) to their portfolio in Q2 2025, for an estimated $20,585
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Transition Marks Next Phase in Company’s Strategic Integration with the Digital Asset Ecosystem
SCOTTSDALE, AZ, Sept. 05, 2025 (GLOBE NEWSWIRE) -- Safety Shot, Inc. (Nasdaq: SHOT), a company evolving to bridge the gap between traditional public markets and the digital asset ecosystem, today announced the appointment of BONK core founder Mitchell Rudy (a.k.a. “Nom”) to its Board of Directors. Mr. Rudy’s appointment follows the resignation of Dave Long, who is stepping down from the board.
The appointment of Mr. Rudy, a key figure in the BONK ecosystem, aligns the Company’s governance directly with its new strategic focus on building a premier, publicly-traded vehicle for digital assets.
“We are thrilled to welcome Nom to our Board of Directors. His deep, native expertise in the Solana ecosystem and his focus on the institutional growth of BONK are invaluable as we execute on our new strategy,” said Jarrett Boon, CEO of Safety Shot. “I also want to extend our deepest gratitude to Dave Long for his dedicated service and significant contributions. His guidance has been instrumental in bringing Safety Shot to this exciting inflection point, and we wish him the very best in his future endeavors.”
Mr. Rudy has been an active developer and contributor in the Solana ecosystem since 2021. With a background as a traditional software developer focused on Natural Language Processing and Robot Process Automation, he became a core contributor to the BONK project in 2022. His current focus is on the evolving regulatory and institutional aspects of the BONK ecosystem.
“I am excited to join the Safety Shot board at this pivotal moment,” said Mr. Rudy. “We are building a first-of-its-kind bridge between the public markets and the vibrant BONK ecosystem, and I look forward to creating new revenue streams designed to support the Company's balance sheet as it continues its growth in this new direction. I also want to thank Dave Long for his foundational work on the board; I am honored to help build upon the legacy he helped create.”
About Safety Shot, Inc. Safety Shot, Inc. (Nasdaq: SHOT), is a company evolving to bridge the gap between traditional public markets and the digital asset ecosystem. Following its strategic integration with letsBONK.fun, the Company is executing a new strategy focused on acquiring revenue-generating assets within the DeFi space to build a robust treasury of digital assets. The company’s beverage division holds the patented Safety Shot beverage, designed to rapidly reduce blood alcohol content as well as Yerbaé’s plant-based, energy beverage.
Investor Relations: Phone: 561-244-7100 Email: [email protected]
Forward-Looking Statements: This press release contains forward-looking statements. Such statements are subject to risks and uncertainties, many of which are outside of the Company’s control, and actual results could differ materially. Factors that could cause or contribute to such differences include, but are not limited to, the performance of BONK tokens, the successful integration and operational success with letsBONK.fun, the ability to execute on the Company’s treasury strategy, and other risks detailed in Safety Shot’s filings with the Securities and Exchange Commission.
