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.

Odaily Planet Daily reports that digital asset management company Safety Shot, Inc. will officially change its name to Bonk, Inc. and switch to the stock symbol BNKK on October 10th. The name change marks the company's significant transition into the digital asset sector, and coincides with plans to divest unnecessary assets to optimize its business.

Bonk, Inc. currently holds approximately 2.7% of the circulating supply of Solana's ecosystem meme token, BONK, valued at approximately $43 million, and plans to increase its holdings to 5% by the end of the year. Additionally, Bonk, Inc. has invested in several Bonk ecosystem projects, including a 10% share of the revenue from LetsBonk, a meme token issuance platform. (Decrypt)