💥 USDC Goes Poof: 54.47M Tokens Torched on Ethereum While Bit Digital Bets Big on ETH

Stablecoins get trimmed. Treasuries bulk up. Welcome to crypto’s capital cardio workout.

📌 Quick Stats

• 🪙 USDC Burned: 54.47M on Ethereum (July 25, 2025)
• 🧨 Total Burn (24h): 104.48M USDC
• 🧾 Bit Digital Capital Raise: 10.1M proposal
• 🧠 Purpose: Boost Ethereum holdings
• 🧊 USDC Market Cap: 64B+ (price stable at 1.00)
• 🚀 ETH Price: 3,742 (↑ 106% in 90 days)

🔥 Stablecoins Under Fire (Intentionally)

On July 25, USDC’s Treasury burned a crisp 54.47 million tokens on Ethereum. No glitch. No scandal. Just part of Circle’s routine supply cleanse to keep the 1 peg tight.

This isn’t a one-off moment — it’s part of a broader playbook: Circle quietly nuked 104.48M USDC in a 24-hour window, keeping inflation in check and confidence strong.

💬 No press release. No drama. Just another day in the world’s most algorithmically chill stablecoin.

🏦 Meanwhile, Bit Digital Is Bulking Up on ETH

While USDC was trimming the fat, Bit Digital (BTBT) was prepping for a treasury flex. The publicly traded crypto miner filed to raise capital from 3.5M to 10.1M — and funnel that cash into ETH.

“We’re going where the action is,” says CEO Sam Tabar. “ETH is driving the next wave — not just BTC anymore.”

Their treasury already holds 120,000+ ETH, and with the network rallying over 100% in 90 days, the timing isn’t random. It’s strategic.

📈 ETH's Price Moves = Greenlight for Institutions

Ethereum’s been ripping: 📈 +4.18% in 24 hours 📈 +106.98% in 90 days 📈 Market Cap: 451.7B 📈 Volume: 37B+

That’s not noise. That’s institutional affirmation.

With DeFi booming again, and ETH now anchoring ETFs, treasuries, and DAOs alike — Bit Digital’s bet is part of a macro shift: 🚫 From BTC maximalism ✅ Toward ETH-driven diversification

🤔 Why It All Matters

This isn’t just a random burn-and-buy moment. It’s a quiet tug-of-war between stability and strategy:

• USDC is flexing stability muscle, managing supply without fuss
• Bit Digital is going long on Ethereum, reshaping what a corporate treasury looks like in Web3

One shrinks to stay sound. The other scales to stay ahead. And in between — ETH is sitting pretty, like the new kingmaker of institutional crypto.

⚡️ TL;DR

• USDC Treasury burned 54.47M tokens to maintain the 1 peg — part of a 104M+ total burn day
• Bit Digital filed for a 10.1M capital boost to stack more ETH in its treasury
• ETH is surging: up 106% in 90 days, trading near 3,742
• The move signals a wider pivot from BTC to ETH by institutional players
• Expect more stablecoin-burn + ETH-stacking combos as crypto treasuries evolve