Bitget Burns 30M BGB Worth $138 Million for Q2 2025
2025-07-10 20:19:00
Main Idea
Bitget burns 30 million BGB tokens worth $138 million in Q2 2025 as part of its strategy to enhance the native ecosystem token's value and utility.
Key Points
1. Bitget burns 30,001,053.1 BGB tokens (2.56% of total supply) in Q2 2025, equivalent to approximately $138 million.
2. BGB is one of the top-performing centralized exchange tokens in 2025, with high trading volume and market capitalization.
3. The burn aims to reduce total supply, support long-term price stability, and enhance ecosystem maturity.
4. Bitget's CEO, Gracy Chen, highlights BGB's growing utility and community-driven potential.
5. Bitget serves over 120 million users across 150+ countries and has expanded into AI-powered trading and Launchpool innovations.
Description
This content is provided by a sponsor. PRESS RELEASE. Victoria, Seychelles, 10th July, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, is set to burn 30,001,053.1 BGB (2.56% of total supply) tokens for the second quarter of 2025, equivalent to approximately $138 million based on the Q2 2025 average price. This brings the
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