Rear-deploying mechanical broadheads may be provided having stationary blades that open only through movement of a drive pin/key secured within a slot or chamber in the body of the broadhead. The drive pin/key may act as bleeder blades, thereby forming a mechanical broadhead with bleeder blades. The stationary blades may be pinned to the tip of the broadhead through blade pins, thereby keeping the blades stationary during flight toward a target and lessening the likelihood that the broadhead may be errant in its movement toward a target.