Core Insights - TenX Protocols Inc. has made a significant entry into the BONK ecosystem by acquiring approximately 219.7 billion BONK digital assets, reinforcing the institutional treasury thesis for this asset class [2][3] Group 1: Company Developments - TenX has established a strategic partnership with BONK Contributors and executed a substantial treasury acquisition, marking a major institutional milestone for the asset class [1][3] - The acquisition of BONK assets was achieved through a combination of open-market and over-the-counter purchases at an average cost of approximately US$0.00001138 per unit [2] - TenX's entry into the ecosystem is seen as a validation for Bonk, Inc. shareholders, indicating that other public companies are investing in the same asset class that supports Bonk, Inc.'s treasury strategy [3] Group 2: Leadership Statements - Mat Cybula, Co-Founder of TenX, expressed excitement about launching TenX as a public company alongside BONK Contributors, highlighting the strong community and real on-chain activity within the BONK ecosystem [4] - Jarrett Boon, CEO of Bonk, Inc., described TenX's acquisition of BONK as a watershed moment, emphasizing that it confirms the asset's transition from the fringe to the balance sheets of regulated entities [4] Group 3: Company Backgrounds - TenX Protocols Inc. debuted on the TSX Venture Exchange on December 10, 2025, after successfully closing CAD 29.9 million in subscription receipt financings [4] - Bonk, Inc. aims to bridge traditional public markets with the digital asset ecosystem, focusing on acquiring revenue-generating assets in decentralized finance and operating a beverage division [5]

Core Viewpoint - Bonk, Inc. is implementing a 1-for-35 reverse stock split as a final step in its transformation from a beverage company to a digital asset holding company, aimed at aligning its share structure with its new revenue-generating business model [1][3]. Strategic Rationale - The reverse stock split is part of a comprehensive restructuring that includes eliminating legacy debt, acquiring a majority revenue interest in Bonk.fun valued at approximately $30 million, and building a significant treasury of BONK digital assets [3]. - The consolidation aims to align the number of outstanding shares with the company's new market capitalization and asset base, attract institutional capital, and ensure compliance with Nasdaq listing requirements [6][4]. Transaction Details - The reverse stock split will take effect on December 11, 2025, reducing the number of outstanding shares from approximately 184,976,280 to about 5,285,037 [2][7]. - The reverse stock split was approved by stockholders at a special meeting held on June 12, 2025 [4]. Leadership Commentary - The CEO of Bonk, Inc. stated that the company has rebuilt itself into a debt-free, revenue-generating entity and that the capital optimization through the reverse stock split is the final piece of the transformation puzzle [4]. Shareholder Information - Stockholders will not need to take any action to receive post-split shares, as adjustments will be made automatically for those holding shares in book-entry form or brokerage accounts [9][10]. - No fractional shares will be issued; instead, stockholders entitled to fractional shares will receive cash for those fractions [10]. Company Overview - Bonk, Inc. is evolving to bridge traditional public markets with the digital asset ecosystem, focusing on acquiring revenue-generating assets within the DeFi space while also operating a beverage division [11].

Core Insights - Bonk, Inc. has acquired a majority revenue interest in Bonk.fun, valued at approximately $30 million, to accelerate the accumulation of 5% of the total circulating supply of BONK [1][1][1] - The company aims to become the largest institutional holder of BONK digital assets, leveraging the revenue stream to purchase and hold BONK assets at scale [1][1][1] - Bonk.fun generated around $30 million in revenue in July 2025, indicating strong liquidity potential during bull markets [1][1][1] Revenue Strategy - The acquisition of a 51% revenue stream is intended to provide direct capital flow for BONK asset purchases [1][1] - Two additional products are set to launch by the end of December, designed to integrate with the BONK ecosystem and create new revenue channels [1][1][1] - This expanded revenue model is expected to expedite the treasury accumulation strategy [1][1] Leadership Perspective - Mitchell Rudy, a core contributor and Board Director, emphasized the company's strategy to solidify a dominant position in BONK supply through the majority revenue interest [1][1] - The strategy is described as building a "fortress balance sheet" to lock in long-term value and enhance market confidence [1][1] Company Overview - Bonk, Inc. operates to bridge traditional public markets and the digital asset ecosystem, focusing on acquiring revenue-generating assets in the DeFi space [1][1] - The company also has a beverage division that includes the patented Sure Shot and Yerbaé brands [1][1]