Northwire Canada EditionTuesday, October 20, 2026
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M&A / Property

TenX Protocols to Add BONK via Broader Ecosystem Partnership with BONK Contributors

TNX · Price

Executive Summary

  • TenX Protocols Inc. acquired approximately 219.74 billion BONK tokens for its digital‑asset treasury at an aggregate cost of roughly C$0.00001138 per token.
  • The acquisition was funded with cash from a financing round closed on August 18, 2025 and executed via open‑market and OTC purchases as of January 5, 2026.
  • The purchase supports TenX’s broader strategy to generate recurring revenue through staking, validator operations, and participation in high‑throughput blockchain ecosystems.

Key Details

  • Acquisition Size: ~219,737,766,594.9 BONK tokens.
  • Purchase Price: Approx. C$0.00001138 per token (aggregate cost ≈ C$2.5 million).
  • Funding Source: Cash on hand from the financing completed on August 18, 2025.
  • Acquisition Method: Combination of open‑market purchases and over‑the‑counter transactions.
  • Strategic Rationale: Enhances TenX’s digital‑asset treasury, supports staking/validator activities, and aligns with its goal to hold assets that generate recurring revenue and have strong ecosystem participation.
  • Relationship Context: Part of an ongoing collaboration with BONK Contributors aimed at expanding the BONK ecosystem, educational initiatives, and cross‑chain projects.
  • Token Economics Note: BONK employs a deflationary model; over 12 trillion tokens (~10% of supply) have been removed from circulation since inception, potentially creating accretive value for holders.

Notable Quotes

  • “Our objective is to support digital assets that are backed by real economic activity, generate recurring revenue, and represent meaningful participation in emerging blockchain ecosystems,” – Mat Cybula, CEO, TenX Protocols.
  • “We’re excited to welcome TenX as a supporter of the BONK ecosystem…”, – Mitchell Rudy, BONK Core Contributor.
Read the original news release →

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