BitTorrent burns 21.62 trillion BTT tokens in inaugural quarterly buyback
BitTorrent has permanently burned 21.62 trillion BTT tokens valued at $7.6 million using third-quarter revenue from decentralized services, marking the network's first quarterly buyback.
BitTorrent has completed its first quarterly buyback burn, permanently removing 21.62 trillion BTT tokens valued at $7.6 million from circulation, according to reports from crypto.news and The Daily Block. The project allocated 100% of its third-quarter revenue generated from decentralized services to fund the token destruction.[1][2]
The transaction marks the inaugural round of repurchased BTT under BitTorrent's long-term buyback-and-burn initiative, as detailed in sponsored coverage published by CryptoSlate. A cornerstone of the TRON ecosystem, BitTorrent is aligning the burn program with a broader strategic rebrand aimed at pivoting its architecture toward Web3 and artificial intelligence infrastructure.[3][4]
Key facts
- BitTorrent permanently removed 21.62 trillion BTT tokens from circulation in its first quarterly buyback burn.
- The destroyed BTT tokens were valued at $7.6 million.
- The buyback was funded using 100% of BitTorrent's third-quarter revenue from decentralized services.
- The burn is the first round under BitTorrent's long-term BTT buyback-and-burn mechanism.
- BitTorrent is pairing the token burn program with a strategic rebrand aimed at Web3 and AI infrastructure.
- CryptoSlate distributed the rebrand and burn announcement as promoted content.
Sources · 4 sources
- CN
crypto.news@cryptodotnewsPost on X ·
JUST IN: BitTorrent burns $7.6M worth of $BTT in first quarterly buyback The project permanently removed 21.62 trillion $BTT from circulation using 100% of Q3 revenue from decentralized services. https://t.co/etkXW8f1tJ
Open source - TD
The Daily Block@thedailyblockPost on X ·
🚨 BREAKING: BitTorrent Burns $7.6M Worth of $BTT BitTorrent has permanently removed 21.62 trillion $BTT tokens from circulation in its first quarterly buyback, using 100% of Q3 revenue from decentralized services.
Open source - CR
CryptoSlateArticle ·
BitTorrent Ushers in Next-Gen Web3 Infrastructure with Strategic Rebrand and Inaugural BTT Burn Overview: The first round of BTT repurchased with decentralized service revenue has been completely burned, as BitTorrent leverages its reimagined architecture to pivot toward Web3 and AI infrastructure. BitTorrent, a cornerstone of decentralized infrastructure in the TRON ecosystem, entered a new phase of growth driven by dual engines: the rollout of its long-term BTT buyback-and-burn… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Open source - CR
CryptoSlate@CryptoSlatePost on X ·
.@BitTorrent Ushers in Next-Gen Web3 Infrastructure with Strategic Rebrand and Inaugural BTT Burn #promoted https://t.co/2aDM4iebPl
Open source