Odaily Planet Daily reported that Jamie McAvity, co-founder of Bitcoin mining company Cormint, as well as New Form Capital's investment partner Connor Klein and due diligence expert Stacey Duffy, have been appointed to the board of directors of BONK treasury company Safety Shot.

Safety Shot previously announced a strategic alliance with the founding contributors of Bonk to launch the BONK Treasury strategy. The company will reportedly receive $25 million worth of BONK tokens in exchange for the issuance of preferred shares convertible into common stock, valued at $35 million. (Globenewswire)