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Bonk Inc. Secures 51% Stake in BONK.fun Amid Revenue Surge
Bonk Inc. Ordinary Shares BNKK | 3.94 | +3.96% |
Bonk, Inc. has increased its stake in the BONK.fun platform by securing a 51% majority revenue interest, moving from a passive minority position to a controlling share. This strategic move was executed just weeks before BONK.fun experienced a significant revenue surge, generating $1.36 million in a two-week period and pushing the platform's annualized revenue run rate to approximately $35.6 million. The interest was acquired at a valuation based on earlier, quieter Q3 metrics, with an implied asset value of around $30 million. Company leadership highlighted that this timing allowed Bonk, Inc. to capture the majority of the recent economic upside and secure a favorable price-to-sales multiple.


