Bitget to Burn $138 Million Worth of Its BGB Token in Q2 Burn Event
- Bitget will burn over 30 million BGB tokens, worth about $138 million, for Q2 2025
- This deflationary event will permanently remove 2.56% of the token’s total supply from circulation
- The quarterly burn is a key part of Bitget’s strategy to increase scarcity and value for its native token
Bitget, a leading cryptocurrency exchange and Web3 company, plans to continue growing its ecosystem token, BGB, by burning 30,001,053.1 units of the cryptocurrency in Q2 2025. That would imply removing 2.56% of the crypto token’s total supply from circulation, which is worth approximately $138 million based on the average price over the considered period.
The token burn exercise will bring the total ratio of BGB removed from circulation in the first half of 2025 to 5% of the total supply. Bitget reports that the process aligns with its strategy for growing BGB, the crypto platform’s native token.
BGB’s Growing Utility and Market Strength
It is worth noting that BGB’s fundamental metrics support its emergence as one of the top-performing cryptocurrencies in 2025. For instance, it has maintained a rel…
The post Bitget to Burn $138 Million Worth of Its BGB Token in Q2 Burn Event appeared first on Coin Edition.
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Bitget to Burn $138 Million Worth of Its BGB Token in Q2 Burn Event
- Bitget will burn over 30 million BGB tokens, worth about $138 million, for Q2 2025
- This deflationary event will permanently remove 2.56% of the token’s total supply from circulation
- The quarterly burn is a key part of Bitget’s strategy to increase scarcity and value for its native token
Bitget, a leading cryptocurrency exchange and Web3 company, plans to continue growing its ecosystem token, BGB, by burning 30,001,053.1 units of the cryptocurrency in Q2 2025. That would imply removing 2.56% of the crypto token’s total supply from circulation, which is worth approximately $138 million based on the average price over the considered period.
The token burn exercise will bring the total ratio of BGB removed from circulation in the first half of 2025 to 5% of the total supply. Bitget reports that the process aligns with its strategy for growing BGB, the crypto platform’s native token.
BGB’s Growing Utility and Market Strength
It is worth noting that BGB’s fundamental metrics support its emergence as one of the top-performing cryptocurrencies in 2025. For instance, it has maintained a rel…
The post Bitget to Burn $138 Million Worth of Its BGB Token in Q2 Burn Event appeared first on Coin Edition.
Read More
Getting ETH Exposure in 2025: Ether Near Record Highs, Tom Lee Can See $15K by Year End