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EVENT / TOPICHistorical

BitTorrent Completes First BTT Token Buy‑Back and Burn

1 reports1 sources10/18/2026 updated

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AI overview

BitTorrent finished its first round of BTT token buy‑back and burn on October 16, 2026, purchasing roughly $7.6 million worth of tokens and permanently destroying 21,621,611,570,729.6 BTT. The operation was fully funded by the platform’s decentralized service revenue. This move marks a significant step in BitTorrent’s strategy to strengthen its Web3 infrastructure, following a recent strategic rebrand. By reducing the circulating supply, the company aims to enhance token scarcity and potentially support long‑term value for holders. The buy‑back and burn were announced by the company’s leadership, with no external third‑party involvement reported.

Written with AI from the reporting · updated 10/18/2026

Latest developmentOct 18, 19:58
BitTorrent completes inaugural BTT token burn funded by decentralized service revenue
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  1. 1Unclassified fact stationOct 16, 00:00recorded Oct 18, 20:30single sourcerevised

    BitTorrent inaugural BTT buyback‑and‑burn completed

    Read original source ↗ CryptoSlateReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject：
    BitTorrent
    Action：
    completed inaugural buyback‑and‑burn
    Object：
    BTT tokens
    Occurred (fact side)：
    Oct 16, 00:00
    CryptoSlate ↗Report pageRevision 2 · currently revised
    Published (valid side)：
    Oct 18, 19:58
    First seen (known side)：
    Oct 18, 20:30
    Fact stationSingle source · one-sided claimRevised

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Oct 18
  1. CryptoSlateRelated fact: single sourceSource report revised
    BitTorrent completes inaugural BTT token burn funded by decentralized service revenue

    Report first recorded Oct 18, 20:30

    BitTorrent completed its first BTT token burn on October 16, destroying 21.62 trillion tokens valued at approximately $7.6 million. The burn was funded entirely by 100% of decentralized service revenue, marking the first cycle of the long-term buyback-and-burn strategy announced on July 6. This move reinforces the token's deflationary model within the TRON ecosystem.

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