PANews reported on October 10th that digital asset management company Safety Shot, Inc. will officially change its name to Bonk, Inc. and switch to the stock symbol BNKK on October 10th. The name change marks a significant transition for the company into the digital asset sector, and it also plans to sell off unnecessary assets to optimize its business.

Bonk, Inc. currently holds approximately 2.7% of the circulating supply of Solana's ecosystem meme token, BONK, valued at approximately $43 million, and plans to increase its holdings to 5% by the end of the year. Additionally, Bonk, Inc. has invested in several Bonk ecosystem projects, including a 10% share of the revenue from LetsBonk, a meme token issuance platform.

According to previous news, Safety Shot established BONK Holdings to implement its digital asset strategy and currently holds 2.5% of the total circulation of BONK .