Bitget Plans Major Token Burn Worth $138 Million in Q2 2025

• Bitget will burn 30 million BGB tokens worth $138 million in Q2 2025, removing 2.56% of the total supply. 

• The burn is part of a quarterly program that will reduce 5% of circulating tokens in the first half of 2025. 

• BGB serves over 120 million users across Bitget’s platform, providing staking, fee discounts, and exclusive access features.

Bitget, a prominent cryptocurrency exchange and Web3 company, announced plans to burn 30,001,053.1 units of its native BGB token during the second quarter of 2025. The burn represents 2.56% of the total supply and carries an estimated value of $138 million based on average pricing during the period.

This quarterly burn will contribute to a total reduction of 5% of BGB’s circulating supply during the first half of 2025. The initiative forms part of Bitget’s broader strategy to enhance the value and utility of its ecosystem token.

Strategic Token Burn Program

The upcoming burn operates under a pre-planned deflationary mechanism that Bitget executes quarterly. The company determines burn amounts based on revenue performance and platform usage metrics for BGB. This systematic approach aims to create sustainable value growth for the cryptocurrency.

Bitget CEO Gracy Chen described BGB as the “best-performing CEX token” and highlighted its growing utility and deflationary design as indicators of long-term potential. The burn mechanism supports the company’s vision of establishing BGB as a core asset within its expanding ecosystem.

Growing Ecosystem and Utility

BGB has demonstrated strong fundamental metrics throughout 2025, maintaining high trading volumes and market capitalization while undergoing strategic upgrades. The token serves multiple functions across Bitget’s platform, including staking opportunities, trading fee discounts, launchpad access, and exclusive campaign participation.

The cryptocurrency has evolved into a central component of Bitget’s infrastructure, supporting user incentivization and liquidity across various products. Users rely on BGB to access premium features and participate in platform governance activities.

Bitget’s ecosystem serves over 120 million users, providing a substantial foundation for BGB adoption and usage. This large user base creates sustained demand for the token across multiple platform functions.

BGB’s performance in 2025 has positioned it among the top-performing cryptocurrencies in the market. The token benefits from continuous strategic upgrades and expanding use cases within the Bitget ecosystem. Its utility spans major platform features, driving consistent demand from the exchange’s user base.

The quarterly burn program reinforces Bitget’s commitment to maintaining BGB’s value proposition through controlled supply reduction. Combined with growing utility and platform expansion, these factors support the token’s position as a fundamental asset in the cryptocurrency exchange sector.