# BST Price Action

![](https://1671434509-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FfzJnTcpppcTSAlrPYf77%2Fuploads%2Fs5c8jK9B7W7SDrsRboBV%2Fbst-minting.png?alt=media\&token=41295bc3-fe8a-41e0-9fea-be457902b9f9)

The price of BST is calculated using a simple formula: 

* **Divide the total bnUSD locked in the BST minter contract by the total BST supply** 

This formula is utilized every time BST tokens are minted or burned, ensuring a transparent and fair pricing mechanism.

*<mark style="background-color:purple;">For instance, if the treasury holds $500 bnUSD and there are 500 BST tokens in circulation, the price of BST would be $1 ($500 ÷ 500)</mark>*

The price adjusts accordingly as more BST tokens are minted or redeemed, benefiting all existing holders. Check out the total supply and amount of holders right [here](https://tracker.icon.community/token/cxf14dea1cff7ceb29a46e6d04533a08f84441e41d).<br>