BitTorrent burns 21.62 trillion BTT tokens worth $7.6M, unveils AI whitepaper

BitTorrent has completed its first quarterly BTT buyback and burn, removing approximately 21.62 trillion tokens worth $7.6 million from circulation as it introduces a new whitepaper focused on Web3 and artificial intelligence infrastructure. BitTorrent completed its first quarterly buyback and burn on October 16, removing approximately 21.62 trillion BTT from circulation. The company valued the burned tokens at $7.6 million and said purchases were funded by third-quarter decentralized service revenue. Its new whitepaper links peer-to-peer file sharing, decentralized AI computing and BitTorrent Chain under one infrastructure plan. BitTorrent reported 587,928,383 client installations in its October 12–18 weekly update. BTT staking on BTTC offered an annual percentage yield of up to 6.84%, according to the company's latest report.

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