Bonk Holdings Inc. has taken a decisive step into the digital asset sector with a $32 million acquisition of BONK tokens, solidifying its position as one of the largest holders of the Solana-based meme coin.
The Nasdaq-listed firm, trading under ticker BNKK, now controls nearly 3% of BONK’s circulating supply – a bold move that positions the company at the intersection of corporate finance and decentralized assets.
The purchase was executed through brokerage FalconX and secured with Fireblocks custody, ensuring institutional-grade protection. According to recent data, the transfer involved roughly 2.26 trillion BONK tokens, now stored in a Solana Squad Multisig wallet – a structure offering enhanced transparency and multi-party authorization.
From Beverage Brand to Blockchain Treasury
Formerly known as Safety Shot, Bonk Holdings recently rebranded to reflect its growing presence in the digital economy. The company’s Nasdaq ticker changed to BNKK on October 10, 2025, signaling its official transition from a health beverage company to a blockchain-integrated enterprise.
The firm also revealed intentions to double its BONK holdings, creating what it calls the first BONK Digital Asset Treasury (DAT) – a corporate treasury model centered on meme coin reserves. This positions Bonk Holdings as a pioneer among public companies seeking exposure to Solana’s most viral community token.
In August, Bonk Holdings acquired a 10% revenue-sharing stake in BONK.fun, a rapidly expanding decentralized platform that has become one of the top 10 most profitable dApps globally. BONK.fun has demonstrated staggering activity levels, at times seeing 20,000 token launches per day and over $100 million in daily trading volume.
Institutional Interest in Solana’s Meme Ecosystem
The BONK movement continues to gain momentum as other institutional names enter the fold. In September, Sharps Technology revealed plans to stake part of its 2 million SOL holdings into BonkSOL, a liquid staking token supported by Cantor Fitzgerald & Co. The collaboration highlights a deepening relationship between traditional finance and the Solana network.
Adding to this momentum, Tuttle Capital has filed with the U.S. SEC to launch a Bonk Income Blast ETF, which could become one of the first meme coin ETFs on the market if approved.
Analysts Turn Bullish on BONK Price
Amid these developments, market sentiment for BONK is turning increasingly optimistic. A crypto analyst on X highlighted that BONK had recently completed a technical pattern known as “order block taps,” typically signaling the end of a correction phase. “We went down – now it’s UP only,” the analyst said, hinting at a potential breakout.
every orderblock got tapped.
agree or not orderblocks are one of the most reliable confluences you can use in trading. sooner or later, most of them get hit. it’s just a matter of time and which one gets tapped first.we went down — now it’s UP only. pic.twitter.com/bDfTHjci6W
— $0uL (@spetsnaz_3) October 24, 2025
Currently, BONK trades near $0.0000148 on Binance, consolidating after recent volatility. The RSI stands around 41, suggesting a neutral zone, while the MACD indicator points to a gradual momentum recovery.
A New Model for Meme Coin Institutionalization
BONK’s evolution from a viral meme coin to a publicly held treasury asset underscores a shifting narrative in the digital asset landscape. Analysts note that Bonk Holdings’ aggressive accumulation, combined with ETF filings and staking integrations, may redefine how meme tokens are perceived by institutional investors.
“It’s rare to see a meme coin gain this level of corporate backing,” said one market strategist. “Bonk Holdings could be setting the blueprint for how these digital communities evolve into legitimate financial ecosystems.”
