Bitget to Burn 2.56% of BGB Supply in Q2 2025

Bitget, a prominent cryptocurrency exchange and Web3 company, has announced its plans to burn 30,001,053.1 BGB tokens, valued at approximately $138 million, during its Q2 2025 burn event. This deflationary move will permanently remove 2.56% of the total supply of the BGB token, marking a significant step in Bitget's strategy to grow its native token. The burn event is part of Bitget's broader plan to reduce the circulating supply of BGB, which has already seen a total burn of over 5% of the total supply for the first half of the year. This strategic reduction in supply is aimed at increasing the scarcity and value of the BGB token, potentially benefiting holders and investors in the long run.

The token burn exercise is a key component of Bitget's strategy to enhance the value and utility of BGB within its ecosystem. By reducing the supply, Bitget aims to create a deflationary environment that can drive up the value of the remaining tokens. This approach is part of a pre-planned program that Bitget executes every quarter, removing a portion of circulating tokens based on revenue performance and the cryptocurrency’s usage on the platform. The burn event is designed to align with Bitget's overall growth strategy, which includes expanding the utility of BGB across various features of the platform, such as staking, fee discounts, launchpad access, and exclusive campaign eligibility.

Bitget's CEO, Gracy Chen, has highlighted the growing utility and deflationary design of BGB as key indicators of the digital asset’s long-term potential. The cryptocurrency has maintained a relatively high market capitalization and has experienced several strategic upgrades, positioning it as one of the top-performing cryptocurrencies in 2025. BGB's fundamental metrics, including its high trading volume and market capitalization, support its emergence as a core asset within Bitget's ecosystem. The cryptocurrency remains a highly demanded digital asset for utility across several Bitget platform features, fueling its growth and popularity.

Bitget's ecosystem, which includes over 120 million users, forms the backbone of BGB adoption. The cryptocurrency serves as the pillar of support for Bitget users by running its infrastructure and enhancing incentivization and liquidity across various products. The burn event is expected to further strengthen BGB's position within the ecosystem, driving its adoption and utility. Bitget's commitment to enhancing the value proposition of its native token and strengthening its position in the competitive cryptocurrency market is evident through this strategic move. The burn event underscores Bitget's dedication to creating a sustainable and valuable ecosystem for its users and investors.