Bugscoin to resume buybacks after returning to profit in Q2

The Bugscoin (BGSC) Foundation announced it will resume its buyback program starting in the second quarter of this year. The foundation had previously stated it would use 100% of its operating profit for buybacks beginning in the third quarter of 2025, but it recorded an operating loss of $1.86 million in the fourth quarter of that year. The foundation explained that a large-scale buyback conducted in September of last year was the primary cause of the operating loss. It added that starting in the second quarter of this year, after returning to profitability, it will move the bought-back BGSC from centralized exchanges (CEX) to the foundation's wallet each quarter and will release verifiable on-chain data. The foundation also noted that it is pursuing a token merger with the decentralized exchange (DEX) ADEN, which was acquired by Gate Ventures. Bugscoin generates its operating profit from a portion of user trading fees on major exchanges and recorded an operating profit of $7.7 million between the second and fourth quarters of last year.