Bonk's treasury company, Safety Shot, plans to hold 5% of BONK's circulating supply by the end of the year and will soon be renamed Bonk, Inc.

According to Decrypt, digital asset management company Safety Shot, Inc. will officially change its name to Bonk, Inc. on October 10 and switch to the stock code BNKK. The name change marks the company's important transition to the digital asset field, and it plans to sell unnecessary assets to optimize its business. Currently, Bonk, Inc. holds approximately 2.7% of the circulating supply of Solana ecosystem meme coin BONK, worth approximately US$43 million, and plans to increase its holdings to 5% by the end of the year. In addition, Bonk, Inc. has invested in multiple Bonk ecological projects, including a 10% revenue share of the meme coin issuance platform LetsBonk. Earlier news, Safety Shot established BONK Holdings to implement its digital asset strategy and currently holds 2.5% of the total circulating supply of BONK.