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Bonk Holdings executed its first large purchase transaction worth 32 million dollars.
Bonk Holdings Inc. (BNKK) has spent 32 million USD to purchase 2.26 trillion BONK tokens, equivalent to about 3% of the total supply, marking the company's largest deal. The tokens are stored in the Solana Squad Multisig multisignature wallet, ensuring safety and transparency. The transaction was executed through FalconX and Fireblocks.
Bonk Holdings, a Nasdaq-listed company, announced that it will double its holdings, aiming to own 5% of the circulating supply of BONK by the end of the year. CEO Jarrett Boon stated that this strategy will create long-term value for shareholders.
The company currently holds 10% of the revenue from the BONK.fun platform – where over 20,000 tokens have been launched and daily trading volume exceeds 100 million USD. Currently, BONK is trading around 0.00001466 USD, indicating stable signals after the drop in October.