Bonk (Nasdaq: BNKK) is a small company in the middle of a pivot from functional beverages toward the BONK cryptocurrency ecosystem on the Solana blockchain. The company still operates two beverage businesses: Sure Shot, an over-the-counter drink designed to support alcohol metabolism using 28 FDA-classified active ingredients, sold through its website, Amazon, and retailers like BevMo!; and Yerbaé, a plant-based energy drink acquired in June 2025, sold through retail and e-commerce channels. However, these beverage businesses are no longer the stated strategic priority. The company's emerging focus centers on holdings of BONK tokens and a revenue-sharing arrangement entitling Bonk to 51% of gross revenue from LetsBonk.fun, a digital trading platform, in perpetuity. Bonk received this arrangement in exchange for issuing Series C Convertible Preferred Stock. The company holds BONK tokens as indefinite-lived intangible assets marked to market each period, meaning token price swings flow directly through earnings. Bonk has financed itself heavily through PIPE transactions, convertible notes, and preferred stock, much of which has been settled in BONK tokens rather than cash. The company has only 10 full-time employees and has undergone three name changes in recent years, reflecting repeated strategic redirections.