Northwire Canada EditionThursday, July 23, 2026
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M&A / Property

Tenx buys BONK tokens, forms partnership with Bonk

TNX · Price

Executive Summary

  • Tenx Protocols Inc., a blockchain infrastructure company recently listed on the TSX Venture Exchange, has entered into a strategic partnership with Bonk Inc. (referred to as "Bonk Contributors" in the release).
  • As part of this partnership, Tenx executed a significant treasury acquisition of approximately 219.7 billion BONK digital assets.
  • The acquisition serves as institutional validation of Bonk Inc.'s treasury strategy, with Bonk Inc. CEO describing the move as a "watershed moment" indicating the asset is moving from the fringe to regulated balance sheets.

Key Details

  • Acquisition Volume: Tenx Protocols acquired approximately 219,737,766,594.9 BONK digital assets.
  • Acquisition Date: The position was established as of January 5, 2026.
  • Purchase Price: The assets were acquired via open-market and over-the-counter purchases at an average cost of approximately 0.001138 U.S. cents per unit.
  • Partnership Scope: Tenx will collaborate with Bonk Contributors on educational initiatives, global awareness of digital assets, and the promotion of Tenx's staking and infrastructure services.
  • Tenx Background: Tenx debuted on the TSX Venture Exchange on December 10, 2025, following a $29.9-million subscription receipt financing. The company focuses on staking solutions and blockchain infrastructure.
  • Key Personnel: Tenx is led by CEO Mat Cybula, COO Filip Cybula, and CTO Geoff Byers.

Notable Quotes

  • Mat Cybula, Co-founder of Tenx Protocols: "We are excited to launch Tenx as a public company alongside a partner like Bonk Contributors... Bonk has grown into a deeply embedded ecosystem with real on-chain activity and a strong community, and that evolution aligns closely with our thesis of actively participating in networks we believe in."
  • Jarrett Boon, CEO of Bonk Inc.: "The arrival of Tenx as a major holder and partner is a watershed moment. When another public company fresh off a $29.9-million financing -- allocates significant capital to acquire approximately 220 billion BONK, it confirms what we have said all along: this asset is moving from the fringe to the balance sheets of regulated entities."
Read the original news release →

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