BitTorrent completes first revenue-backed burn of BTT tokens

Community Trust Score Verified 83 % Real Verified 47 votes Updated 45 seconds ago On October 16, BitTorrent executed a massive transfer of 21,621,611,570,729.6 BTT tokens into a black-hole burn address, a move that permanently stripped a supply valued at roughly $7,600,907 from the active circulating market. This specific action signals the successful completion of the protocol’s very first buyback-and-burn cycle. The repurchase of these tokens was funded in its entirety by decentralized service revenue that was generated throughout the third quarter of 2026.

Source: The Currency Analytics