To be fair, mozilla uses bugzilla to track everything, not just "bug" bugs.
Each new feature in development has a bug, or multiple bugs.
When code is refactored there is a bug for that, when somebody wants commit access there is a bug for that, when an employee needs a new laptop there is a bug for that, when a community organizer wants some money or gear for an event there is a bug for that, and so on...
Other organizations use their bug/issue trackers in a similar manner.
I know of at least one study that contradicts this claim:
"We found that with shorter release cycles, users do not experience significantly more post-release bugs and bugs are fixed faster, yet users experience these bugs earlier during software execution (the program crashes earlier)."
Mozilla has passed the 1 million bug mark.