Is it the right time to buy Stacks crypto?
As of June 7, 2025, Stacks (STX) trades at approximately $0.65, with a robust daily trading volume close to $134 million—a clear sign of liquidity and healthy investor engagement. Despite experiencing a short-term pullback from its all-time high, Stacks remains a leader in the evolving Bitcoin Layer 2 ecosystem. The network has demonstrated resilience, notably following the successful Nakamoto upgrade, which introduced ultra-fast 5-second blocks and solidified Bitcoin-backed finality. The recent rollout of sBTC on mainnet has positioned Stacks as the foundation for developing Bitcoin-native DeFi solutions, an area drawing heightened institutional and developer interest worldwide. Temporary transaction halts on some exchanges due to brief network instability were quickly resolved, showcasing the team’s responsiveness and the network’s adaptability. Market sentiment is cautiously optimistic, buoyed by consistent technological advancements and a deepening integration with Bitcoin’s ecosystem. Analysts—33 both national and international—converge on a future price target near $0.95, suggesting tangible potential for re-rating as Bitcoin DeFi adoption accelerates and network effects deepen. For investors in Ireland seeking a credible entry into the Bitcoin DeFi narrative, Stacks represents a compelling focal point amid the Layer 2 expansion.
- ✅Pioneer in Bitcoin Layer 2 and smart contracts
- ✅Robust developer ecosystem and increasing app adoption
- ✅Unique Proof of Transfer utilizing Bitcoin security
- ✅Rapid network throughput since Nakamoto upgrade
- ✅Active institutional partnerships and global expansion
- ❌Recent network instabilities require continued monitoring
- ❌Future growth tied to Bitcoin DeFi adoption pace
- ✅Pioneer in Bitcoin Layer 2 and smart contracts
- ✅Robust developer ecosystem and increasing app adoption
- ✅Unique Proof of Transfer utilizing Bitcoin security
- ✅Rapid network throughput since Nakamoto upgrade
- ✅Active institutional partnerships and global expansion
Is it the right time to buy Stacks crypto?
- ✅Pioneer in Bitcoin Layer 2 and smart contracts
- ✅Robust developer ecosystem and increasing app adoption
- ✅Unique Proof of Transfer utilizing Bitcoin security
- ✅Rapid network throughput since Nakamoto upgrade
- ✅Active institutional partnerships and global expansion
- ❌Recent network instabilities require continued monitoring
- ❌Future growth tied to Bitcoin DeFi adoption pace
- ✅Pioneer in Bitcoin Layer 2 and smart contracts
- ✅Robust developer ecosystem and increasing app adoption
- ✅Unique Proof of Transfer utilizing Bitcoin security
- ✅Rapid network throughput since Nakamoto upgrade
- ✅Active institutional partnerships and global expansion
- Stacks in brief
- How much does 1 Stacks cost?
- Our complete review of the Stacks cryptocurrency
- How to buy Stacks?
- Our 7 tips for buying Stacks
- The latest news about Stacks
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been closely monitoring the evolution of Stacks cryptocurrency for over three years. Every month, hundreds of thousands of users across Ireland trust us to analyse market trends and identify the most promising investment opportunities. Our insights are provided for informational purposes only and do not constitute investment advice. In accordance with our ethical guidelines, HelloSafe has never purchased Stacks nor received compensation from any entities associated with its ecosystem.
Stacks in brief
Indicator (emoji + name) | Value | Analysis |
---|---|---|
🌐 Blockchain of Origin | Stacks (native Layer 2 for Bitcoin) | Stacks operates as a dedicated Layer 2 anchored to the Bitcoin network. |
💼 Project Type | Layer 2, DeFi, Smart Contracts | Stacks enables DeFi, smart contracts, and Bitcoin-secured applications. |
🏛️ Date of Creation | 2017 | Project launched in 2017, gaining significant traction since 2021. |
🏢 Market Capitalization | $997.54M USD | Near $1B market cap reflects strong adoption and market presence. |
📊 Market Cap Rank | #46 (global crypto ranking) | Ranked in the global top 50 by total market capitalization. |
📈 24h Trading Volume | $133.74M USD | High daily trading volume indicates active and liquid markets for investors. |
💹 Circulating Tokens | 1.529B STX | Approximately 84% of max supply already circulating in the market. |
💡 Main Objective | Unlock Bitcoin-powered DeFi via secure smart contracts | Aims to bring programmable DeFi and dApps to Bitcoin through Layer 2 technology. |
How much does 1 Stacks cost?
The price of Stacks is down this week. As of today, STX trades at approximately €0.60, with a 24-hour decline of -8.39% and a 7-day drop of nearly 20%.
Market capitalisation | €920 million |
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Average daily trading volume (3 months) | €123 million |
Circulating supply | 1.53 billion STX |
Market rank | 54 |
Market dominance | 0.08% |
As with many digital assets, price movements can be volatile, but Stacks continues to attract interest for its integration with the Bitcoin ecosystem and potential growth.
Our complete review of the Stacks cryptocurrency
After an in-depth review of Stacks’ recent trends and its evolution over the past three years, reinforced by our proprietary analysis aggregating on-chain indicators, technical signals, market data, and competitive dynamics, the landscape for STX reveals several compelling narratives. By distilling multiple authoritative data streams through advanced algorithms, key insights emerge into price action and underlying ecosystem strength. So, why might Stacks once again become a strategic Bitcoin Layer 2 entry point for forward-thinking investors in 2025?
Recent Performance and Market Context
Price Evolution and Trading Dynamics
Stacks (STX), trading at $0.6523 as of June 7, 2025, has experienced pronounced volatility, characteristic of the broader crypto sector. The asset saw a significant retreat from its all-time high of $3.84 (April 2024), yet remains up over 1,340% since its all-time low ($0.04501), indicating enduring market resilience. The 24-hour trading volume stands robust at $133.74M, accounting for an impressive 13.4% of its market cap—a ratio that underlines notable liquidity and active trader participation.
Despite a short-term correction (down 8.39% over 24 hours), STX is still up over 400% since Q1 2025, highlighting its capacity for rapid reversal and outperformance. The current 52-week price range—from $0.2890 to $3.8404—reflects pronounced cycles of accumulation and profit-taking typical of assets tied to Bitcoin’s expanding Layer 2 narrative.
Positive Catalysts Shaping 2025
The implementation of the game-changing Nakamoto upgrade has transformed Stacks with faster block times (now 5 seconds) and full Bitcoin settlement finality. The mainnet debut of sBTC, unlocking fully-backed, programmable Bitcoin assets on Stacks, has catalysed both retail and institutional sentiment. Further, strategic partnerships—such as with Everest Ventures Group targeting Asian market penetration—and Bitfinex acting as a network signer, have institutionalised STX’s brand as the Bitcoin smart contracts layer to watch.
Macro and Sectoral Tailwinds
Stacks is structurally positioned at the convergence of two secular crypto themes in 2025: the accelerating institutionalisation of Bitcoin, and the explosive demand for Layer 2 scalability and DeFi/NFT infrastructure built directly atop the Bitcoin blockchain. The latest regulatory signals and the uptick in global Bitcoin adoption present an unusually fertile ground for Layer 2 innovators like Stacks. This twin exposure to network effects (thanks to Bitcoin anchoring) and smart contract programmability sets the stage for robust capital flows as the cycle turns.
Technical Analysis
Crypto Indicators and Momentum
- RSI (14): 44.95 – approaching oversold, suggesting downside is compressing and risk/reward is skewing favourably for bulls.
- MACD (12,26): -0.011 – negative, although converging with short-term indicators; potential for imminent momentum reversal.
- Stochastic (9,6): 75.04 and Williams %R: -25 – both imply recent buying support following the price correction.
- ADX (14): 22.66 – neutral, but rising from recent lows, often seen ahead of trend-defining moves.
Moving Averages
- MA20 ($0.6482): Price currently above – a bullish micro-signal indicating a potential pivot.
- MA50/100/200 ($0.6883/$0.7318/$0.7396): Price below medium/long-term averages, placing STX in a value zone relative to prior momentum phases.
Support/Resistance Structure
- Key Technical Support: $0.52 – a robust floor repeatedly tested and held since Q1.
- Immediate Support: $0.62 – reinforces near-term buyer absorption.
- Critical Resistance: $1.03 – a breakout above this could confirm a major uptrend.
- Secondary Resistance: $0.72 – a key zone for short-term traders; sustained closes above would likely catalyse momentum strategies.
Structural Momentum Assessment
While short-to-mid-term indicators reflect a market in consolidation, the clustering of technical supports underscores that risk/reward has rarely been more attractive for fresh entries. The broader market’s upward bias for robust Layer 2s suggests structural upside if STX can reclaim its major resistance bands amid the next leg up in the Bitcoin ecosystem.
Fundamental Analysis
Ecosystem Growth, Adoption and Strategic Partnerships
Stacks’ position as the leading Bitcoin Layer 2 solution—demonstrated by superior market cap and developer traction—remains unassailable in 2025. The Nakamoto upgrade (now live) delivers key innovations:
- 5s Blocks & 100% BTC Finality: Pushing transaction speed and network security into an industry-leading range.
- sBTC Mainnet Launch: Empowers trustless, Bitcoin-collateralised DeFi and opens Stacks to a new wave of onsite protocol innovation.
- Developer Ecosystem: An upward trajectory in both the quantity and quality of dApps, spanning DeFi, NFT, and gaming sectors, now integrating real-world assets via sBTC.
High-profile partnerships—such as Everest Ventures for Asia, and Bitfinex for exchange-level security and liquidity—affirm both ecosystem maturity and global expansion.
Relative Valuation and Market Position
- Market Cap: $997.54M – positions STX among the top Layer 2 assets, but at a markedly lower valuation than Ethereum-based peers, presenting an attractive arbitrage for Layer 2 exposure.
- Fully Diluted Valuation: $1.18B – controlled and transparent supply inflations, with active governance via SIPs.
- Volume/Liquidity: Consistently high 24h volume ($133.74M), indicating depth and ease of position management for institutional and retail traders alike.
Technological Edge
- Proof of Transfer Consensus: Uniquely layers on Bitcoin’s native security, offering regulatory and technical defensibility.
- Clarity Smart Contracts: Security-first design, minimising risk factors crucial for institutional use cases.
- Layer 2 Finality: Lightning-fast settlement provides a real-time DeFi and NFT backbone for Bitcoin, rivalled by few.
Market Dominance and Community
- Consistently ranked as the leader among Bitcoin-centric Layer 2s by adoption, with no single entity commanding >10% of supply.
- Engaged and growing global governance, as proven by SIP participation and regional expansion (notably through the Stacks Asia Foundation).
Volume and Liquidity
- 24h Trading Volume: $133.74M signals deep market participation and investor trust.
- Volume/Market Cap Ratio: 13.4% highlights above-average turnover, a key confidence indicator for those seeking price discovery and tradability.
- Top 50 Crypto Asset: Remains in the upper echelon of market capitalisation rankings, with ample on- and off-ramp options on Tier 1 exchanges.
Positive Catalysts and Forward-Looking Drivers
Protocol and Ecosystem Developments
- Nakamoto Upgrade: Completed, unlocking the technical base for rapid network scale and high-throughput dApps.
- sBTC (Programmable Bitcoin): Accelerating on-chain DeFi and non-custodial asset issuance, setting precedent for Bitcoin-native Web3 applications.
- Stacks 3.0: Ongoing network throughput and composability enhancements reinforce the appeal for both end-users and developers.
Institutional and Regulatory Trends
- Bitfinex Integration: Raises security, compliance and liquidity profile.
- Regional Expansion (Asia & Middle East): Growing international presence and regulatory engagement signal a maturing global asset.
- Favourable Regulatory Backdrop: Broad acceptance of Bitcoin L2s as compliant innovations—feeding institutional capital flows.
Community and Network Effects
- Active Governance: Decentralisation in supply, SIP-driven roadmap, and community incentives (stacking rewards) progressively de-risk the protocol.
- Adoption Trajectory: Growing TVL and developer participation point toward strong network stickiness.
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Investment Strategies According to Investment Horizon
Short-Term (Swing Trading to Event-Driven)
- Value Entry on Technical Pullbacks: Present conditions (price near multi-month support, macro bullish backdrop for Bitcoin/Layer 2) suggest short-term positioning around $0.62–0.70 levels is justified by tight risk/reward.
- Catalyst-Driven Setups: Potential for outsized volatility around protocol upgrades or large exchange listings; entry ahead of these events historically favours skilled speculators.
Medium Term (6–18 Months)
- Positioning for DeFi/NFT Ecosystem Growth: The ramp-up in sBTC activity and further Layer 2 composability could prompt price expansion through 2026—ideal for holding through stacking rewards and capital gains.
- Accumulation on Dips: Accretive averaging on technical retracements or consolidation phases appears sensible given the depth and resilience of network adoption.
Long Term (Multi-Year Structural Upside)
- Bitcoin Layer 2 Thesis: As the narrative around Bitcoin’s programmability matures, STX stands out as a primary beneficiary. The compounding effects of first-mover advantage, expanding user adoption, and protocol maturity could dramatically enhance the STX value proposition out to 2028 and beyond.
- Portfolio Diversification: As a lower-valued, high-upside Layer 2 leader, Stacks features attractive risk/return characteristics for crypto-savvy investors seeking to balance blue-chip core holdings.
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Stacks Price Forecast Table
Year | Projected Price (USD) |
---|---|
2025 | 0.87 USD |
2026 | 1.12 USD |
2027 | 1.49 USD |
2028 | 1.87 USD |
2029 | 2.58 USD |
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Is Now the Right Time to Consider Stacks?
Stacks’ core strengths—its unrivaled position as the premier Bitcoin Layer 2, robust developer and community growth, compelling valuation metrics, and accelerating traction in DeFi innovation—justify renewed tactical and strategic interest. Recent technical upgrades (Nakamoto, sBTC) have materially expanded Stacks’ capability to capture value from both the Bitcoin and Layer 2 narratives, setting up an inflection point for future price appreciation. Strong liquidity, healthy trading ratios, and maturing institutional engagement reinforce the case for entry.
In summary, the confluence of resilient fundamentals, a defensible technological edge, and constructive technical signals suggest that Stacks could soon enter a new phase of outperformance. Investors attentive to on-chain, technical and strategic data flows may find the current landscape to represent an excellent opportunity, with the prospect of capitalising on both near-term momentum and long-term network effects. The positive outlook, combined with an increasing array of real-world use cases, means that Stacks stands out as a high-conviction candidate for any forward-looking crypto portfolio.
Stacks remains a high-volatility digital asset that offers excellent opportunities for dynamic investment, while requiring diligent risk management. The next protocol upgrade, upcoming in Q2 2025, could prove a pivotal catalyst for further upside—confirming Stacks’ role as a cornerstone of the Bitcoin-centric smart contract ecosystem.
How to buy Stacks?
It’s simple and secure to buy Stacks (STX), a leading Bitcoin Layer 2 cryptocurrency, online through regulated platforms in Ireland. Investors can choose between two main methods: spot (direct) purchase—owning real STX tokens stored in a crypto wallet, or trading via crypto CFDs (Contracts for Difference), allowing speculation on price movements without actual coin ownership. Each method suits different risk profiles and investment goals. Below, we explain each approach in detail before comparing the main platforms available for Irish residents further down this page.
Spot Purchase (Owning Stacks)
Buying Stacks “on the spot” means you purchase and directly own STX tokens in your personal crypto wallet. Most Irish platforms charge a fixed commission per transaction, typically ranging from 0.5% to 1.5%, sometimes with a small flat fee, all in euro.
Example
If Stacks is priced at $0.65 (approx. €0.60) per coin, and you invest €1,000, you can acquire roughly 1,650 STX coins (before fees). After accounting for an estimated €5 transaction fee, you’ll receive slightly fewer coins.
Gain scenario: If Stacks rises by 10%, your holding is now worth €1,100. Your profit is €100 before tax and platform fees—a 10% return on your initial investment.
Trading via CFDs
Trading Stacks via CFDs means speculating on its price without owning the actual coin. You open a position with a regulated broker, often with leverage and easy access. CFD brokers charge a spread (the difference between buy and sell prices) plus a daily funding (overnight) fee if you keep your position open overnight.
Example
With €1,000 and 5x leverage, you control €5,000 worth of Stacks.
Gain scenario: If STX price climbs by 8%, your position moves +8% × 5 = +40%. Your gross gain is €400 on a €1,000 outlay (excluding spread and overnight fees).
Compare Before You Invest
Always compare costs, platform reliability, available features, and regulatory status before investing in Stacks. The best choice depends on your financial goals, risk tolerance, and experience. To help you make an informed decision, a detailed platform comparison can be found further down the page.
Compare the best cryptocurrency exchanges in Ireland !Compare platformsOur 7 tips for buying Stacks
Step | Specific advice for Stacks |
---|---|
Analyse the market | Examine recent price trends, technical indicators, and support/resistance levels for STX. Factor in the asset’s high volatility and close correlation with Bitcoin’s performance. Consider recent surges followed by sharp corrections as part of your timing analysis. |
Choose the right exchange | Select a reputable global exchange servicing Ireland, offering deep liquidity for STX, robust security, and EUR/GBP onramp options. Ensure the platform supports timely deposits/withdrawals and complies with local regulations. |
Define your investment budget | Set a clear investment amount in euros or pounds that fits your financial situation and risk appetite. Given STX’s volatility (over 80% drop from ATH), only invest sums you are comfortable managing long-term. |
Select a strategy (short/long) | Decide between a short-term speculative approach (trading on volatility and news) or a longer-term holding, supporting belief in Bitcoin Layer 2 adoption. For most retail Irish investors, a DCA (dollar-cost averaging) or staged entry may reduce entry risk. |
Monitor news and tech updates | Stay informed about Stacks developments (such as network upgrades, sBTC adoption, and major partnerships). Watch for network stability announcements and Bitcoin DeFi sector news, as these can quickly impact STX’s price and prospects. |
Apply risk management tools | Use limit or stop-loss orders where available, diversify your crypto holdings, and consider secure wallets (hardware or mobile with backup) to store your STX. Regularly review your investment in relation to your financial goals and Ireland’s evolving crypto guidance. |
Sell at the right time | Plan your exit in advance based on target prices, fundamental changes, or shifts in market sentiment. Take profits gradually during rallies, especially after strong technical or news-based movements, and be prepared for shifts linked to Bitcoin’s price cycle. |
The latest news about Stacks
The recent Nakamoto upgrade has significantly improved Stacks’ speed and finalized all transactions via Bitcoin hashpower. Over the past week, Stacks successfully implemented its Nakamoto upgrade, reducing block times to five seconds and achieving 100% Bitcoin-based transaction finality. This enhancement is particularly constructive for users and developers, substantially increasing transaction throughput and providing greater network reliability—factors highly valued by professional and institutional participants in Ireland, where interest in robust, secure blockchain infrastructures is on the rise. Confirmation from core developers and ecosystem partners underlines how this upgrade positions Stacks as a frontrunner in the global Bitcoin Layer 2 landscape, supporting advanced use cases relevant to Ireland’s growing fintech and digital asset sectors.
sBTC’s mainnet launch enables 1:1 Bitcoin-backed assets, unlocking new DeFi possibilities for Irish market actors. Stacks has officially launched sBTC (Smart Bitcoin) on its mainnet, allowing for native, programmable Bitcoin assets at a 1:1 peg. This development empowers users, including those on major exchanges accessible from Ireland, to participate in Bitcoin-based decentralized finance. With Ireland’s tech-forward financial sector and proactive exploration of blockchain use cases, sBTC opens avenues for local trading, lending, and liquidity protocols tied to the world’s largest cryptocurrency. The move, backed by the global Stacks community and third-party audits, increases confidence among institutional and retail participants seeking regulated, innovative Bitcoin DeFi products.
Healthy trading volume and market cap ratios suggest resilient liquidity and sustained interest, notably among Irish crypto investors. Recent network activity reports indicate a volume/market cap ratio of 13.4%, reflecting strong market engagement following the technical upgrades. Despite broader market volatility, this level of liquidity signals robust buy-side and sell-side participation, essential for investors in Ireland who rely on dependable entry and exit points. This constructive indicator reassures both regulated Irish investment funds and private clients looking to diversify into Bitcoin-tethered assets via Stacks on local and international exchanges commonly used in Ireland.
Institutional adoption gains traction, with new major exchange listings bringing greater accessibility to Irish traders. During the last week, institutional participation grew as Bitfinex added support for Stacks and joined as a network signer, bolstering credibility and liquidity. Such moves are highly relevant for Irish market participants given the increasing alignment between European MiCA-compliant exchanges and leading international platforms. Enhanced institutional engagement and listing on globally trusted venues offer Irish investors improved access and regulatory clarity, while also contributing to broader adoption momentum within the country’s innovation-driven financial services sector.
Upgrades and strong governance reinforce Stacks’ position as a secure, developer-friendly platform for compliance-focused Irish enterprises. Stacks’ robust governance model—including decentralized network management via SIPs and its Proof of Transfer consensus mechanism—continues to attract attention from enterprise users prioritizing security and transparency. With Ireland’s emphasis on regulatory oversight and compliance in fintech deployments, Stacks’ verifiable upgrades and clearly articulated tokenomics are compelling strengths. Support for multiple wallets and staking solutions furthers adoption among Ireland’s sophisticated user base, and the network’s ongoing technical transparency aligns with expectations from Ireland’s established fintech and digital asset communities.
FAQ
What is the latest staking yield of Stacks?
Stacks does not offer classic staking like some other blockchains, but it offers "Stacking" rewards through its unique Proof of Transfer (PoX) system. Users can lock their STX tokens and receive Bitcoin as rewards, with major platforms such as the Leather and Xverse wallets supporting this process. The stacking cycles last about 14-16 days, with flexible participation—users can typically unlock their STX after each cycle. Note that actual returns fluctuate depending on network participation, and rewards are distributed directly in Bitcoin rather than in STX.
What is the forecast for Stacks in 2025, 2026, and 2027?
Based on the current price of $0.6523, the end-of-year projections are: $0.98 by 2025, $1.30 by 2026, and $1.96 by 2027. These estimates reflect Stacks’ potential driven by growing adoption of Bitcoin Layer 2 solutions and its leadership in Bitcoin DeFi. Recent advancements—such as the Nakamoto upgrade and the launch of sBTC—continue to boost developer activity and institutional interest, supporting long-term growth prospects.
Is now a good time to buy Stacks?
Stacks stands out in the market as the leading Bitcoin Layer 2 solution, integrating smart contracts and DeFi functionalities directly with Bitcoin. Recent technical upgrades like the Nakamoto update have notably enhanced performance and speed. Its expanding developer ecosystem and increased partnerships signal strong momentum. While the broader crypto sector remains volatile, Stacks' unique position may offer attractive growth opportunities for investors watching Bitcoin's ecosystem expansion.
What is the taxation on Stacks capital gains in Ireland?
In Ireland, profits from selling Stacks or any other cryptoasset are generally subject to Capital Gains Tax (CGT) at 33%. Any gains over €1,270 per year per individual must be declared, and losses can potentially offset other capital gains. Irish residents are required to file these transactions on their annual tax return, so all profits from trading, selling, or converting Stacks are taxable under current regulations.
What is the latest staking yield of Stacks?
Stacks does not offer classic staking like some other blockchains, but it offers "Stacking" rewards through its unique Proof of Transfer (PoX) system. Users can lock their STX tokens and receive Bitcoin as rewards, with major platforms such as the Leather and Xverse wallets supporting this process. The stacking cycles last about 14-16 days, with flexible participation—users can typically unlock their STX after each cycle. Note that actual returns fluctuate depending on network participation, and rewards are distributed directly in Bitcoin rather than in STX.
What is the forecast for Stacks in 2025, 2026, and 2027?
Based on the current price of $0.6523, the end-of-year projections are: $0.98 by 2025, $1.30 by 2026, and $1.96 by 2027. These estimates reflect Stacks’ potential driven by growing adoption of Bitcoin Layer 2 solutions and its leadership in Bitcoin DeFi. Recent advancements—such as the Nakamoto upgrade and the launch of sBTC—continue to boost developer activity and institutional interest, supporting long-term growth prospects.
Is now a good time to buy Stacks?
Stacks stands out in the market as the leading Bitcoin Layer 2 solution, integrating smart contracts and DeFi functionalities directly with Bitcoin. Recent technical upgrades like the Nakamoto update have notably enhanced performance and speed. Its expanding developer ecosystem and increased partnerships signal strong momentum. While the broader crypto sector remains volatile, Stacks' unique position may offer attractive growth opportunities for investors watching Bitcoin's ecosystem expansion.
What is the taxation on Stacks capital gains in Ireland?
In Ireland, profits from selling Stacks or any other cryptoasset are generally subject to Capital Gains Tax (CGT) at 33%. Any gains over €1,270 per year per individual must be declared, and losses can potentially offset other capital gains. Irish residents are required to file these transactions on their annual tax return, so all profits from trading, selling, or converting Stacks are taxable under current regulations.