STX · two mints, no burn, and new supply about to speed up.
STX is the gas token of Stacks, a Bitcoin layer for smart contracts — ~1.85B circulating, with no supply cap and two protocol mints adding new coins every tenure.
Sell pressure. The miner reward mints ~6.5M STX over 90 days — half its old rate since the April halving — plus ~12.4M from a growth-treasury mint that steps up on Jul 30 2026.
Buy pressure. None active — there is no buyback and no fee burn on STX in this window.
Net. About +1.0% to market over 90 days — supply heading up, and set to run a little faster as the growth mint rises.
- Growth mint steps up~1,140/tenureJul 30 2026 · added to market
New STX is minted as a miner reward on every Bitcoin tenure. The first halving cut that reward in half around April 2026, so the chain now issues about 6.5M STX over the next 90 days at the 500-per-tenure rate.
The original 2017 sale and genesis allocations to the team and early investors finished their multi-year unlock schedules years ago, so no dated cliff reaches the market in this window.
A five-year growth program mints new STX every tenure into a governed treasury — about 12.4M over the next 90 days. The per-tenure mint steps up to a higher rate around Jul 30 2026, so this is the larger and rising share of new supply.
No bankruptcy estate or court-ordered distribution applies to STX.
No open-market STX buyback is running. A buyback-and-burn is named only as a future option if the treasury tops a set size — not triggered — monitored.
STX is the network gas token, but transaction fees are paid to miners, not burned, so nothing on the fee side removes supply — monitored.
No discretionary open-market buying by the treasury or foundation in the window — monitored.
No new multi-year lock or escrow announced in the window — monitored.
My research. My portfolio. Free.
Deep research weekly. My real holdings monthly.