BitTorrent said it burned its first round of repurchased BTT on October 16, using revenue from its decentralized services in Q3 2026. It said 21,621,611,570,729.6 BTT, valued at about $7.6 million, was sent to a burn address. This was the first completed round, not the full long-term program.
Under the program, BitTorrent says it will use 100% of its decentralized business revenue—not all revenue—for quarterly BTT buybacks and burns. It also released a new whitepaper outlining plans to link its content-distribution network, decentralized AI compute service and cross-chain settlement network.
