Bitget announced a new quarterly token burn mechanism, starting with a $120 million burn of its native BGB token in Q1 2025. The plan aims to boost BGB’s value by reducing supply, funded by 20% of Bitget’s quarterly profits from its exchange and wallet operations. This follows a previous burn of 800 million BGB tokens in December 2024. CEO Gracy Chen emphasized aligning token burns with on-chain utility to ensure sustainable tokenomics. As of April 10, 2025, BGB trades at approximately $4.28, with strong market support behind the initiative.