Bitcoin-Bridged to Avalanche Reaches Record Daily Mint of Over 2K BTC

The record BTC.b mint comes as the WBTC supply fell by 15% to 153,164 in February, reaching the lowest since March 2021. Apparently, bankrupt crypto lender Celsius, a well-known WBTC holder, redeemed a large amount of WBTC, causing a sharp drop in the token’s supply.