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

Bonk, Inc. Welcomes Strategic Partner TenX Protocols Following Public Debut and Acquisition of ~220 Billion BONK Digital Assets

TNX · Price

Executive Summary

  • TenX Protocols Inc. (TSX‑V:TNX) announced the purchase of ~219.7 billion BONK tokens at an average price of US$0.00001138 per token, marking a major institutional entry into the BONK ecosystem.
  • The acquisition was executed via open‑market and OTC trades and represents a significant deployment of capital shortly after TenX’s recent $29.9 M CAD financing and TSX‑V listing.
  • TenX entered a strategic partnership with BONK Contributors to promote education, awareness, and staking infrastructure services for the BONK network.

Key Details

  • Acquired Quantity: 219,737,766,594.9 BONK tokens (≈219.7 billion).
  • Average Purchase Price: US$0.00001138 per BONK token.
  • Total Approximate Cost: ~US$2.5 million (219.7 B × $0.00001138).
  • Acquisition Method: Combination of open‑market purchases and over‑the‑counter (OTC) trades.
  • Strategic Rationale: Provides third‑party validation for BONK’s treasury strategy; aligns with TenX’s thesis to hold and stake high‑growth digital assets.
  • Partnership Scope: Collaboration with BONK Contributors on educational initiatives, global awareness campaigns, and integration of TenX staking/infrastructure services within the BONK ecosystem.
  • Recent Financing Context: TenX completed a $29.9 M CAD subscription receipt financing prior to this acquisition and debuted on TSX‑V on Dec 10, 2025.
  • Executive Comments:
  • Mat Cybula (Co‑Founder, TenX) – “We are excited to launch TenX as a public company alongside a partner like BONK Contributors…”.
  • Jarrett Boon (CEO, Bonk, Inc.) – Highlighted the acquisition as a “watershed moment” confirming institutional interest in BONK.

Notable Quotes

  • Mat Cybula: “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: “When another public company—fresh off a $29.9 M CAD financing—allocates significant capital to acquire ~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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