Bitget Wrapped BTC

Bitget Wrapped Bitcoin (BGBTC) is a wrapped token that represents Bitcoin on a one-to-one basis, issued by the Bitget exchange and designed to operate within the Ethereum ecosystem and broader decentralized finance landscape. It is intended for Bitcoin holders who want to keep their exposure to BTC while also participating in DeFi activities such as staking and yield programs that native Bitcoin cannot access directly. The asset is aimed at users already on the Bitget platform who wish to put idle Bitcoin to work without liquidating their position.

BGBTC is a wrapped token pegged one-to-one with Bitcoin, meaning each token in circulation is meant to be backed by an equivalent amount of BTC held by Bitget. Users create and redeem BGBTC through a dedicated subscription channel on Bitget's platform, and they can stake it through Bitget Earn. The token lives within the Ethereum ecosystem and carries no independent consensus mechanism of its own, as it relies on its issuer to maintain the peg and on Ethereum's infrastructure for on-chain settlement.

The data provided contains no fee stream, revenue figures, or protocol earnings for BGBTC, so fee-based measures are not applicable to this asset as stored on this site. The token's fully diluted value equals its market capitalization at a ratio of 1.0, and 100 percent of supply is already in circulation against a market capitalization of 76,337,334 USD at a price of 77,572 USD, with 984 tokens circulating. There is no dilution overhang and no supply pending issuance, meaning the economic structure is static from a supply perspective at this point in time.