# BST Price Action ![](/files/XnOqOia19C7oKHXXOiDA) 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. *For instance, if the treasury holds $500 bnUSD and there are 500 BST tokens in circulation, the price of BST would be $1 ($500 รท 500)* 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).
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