diff --git a/CHANGELOG.md b/CHANGELOG.md
index be725d338dd..99b42d54e54 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -17,6 +17,9 @@
 - **(es/compat)** Fix syntax context of `async-to-generator` (#6741) ([206c0db](https://github.com/swc-project/swc/commit/206c0dbebe5eecaa8a5c1846189b26cb5517d84c))
 
 
+- **(es/minifier)** Fix usage counter to fix infinite loop (#6744) ([88d40e8](https://github.com/swc-project/swc/commit/88d40e8ab899976c123b5b5f74f0ad02ec9d7868))
+
+
 - **(es/plugin)** Fix plugin starter template (#6723) ([082dc21](https://github.com/swc-project/swc/commit/082dc2101b8f3c05b103cf59484355ef87016a57))
 
 
diff --git a/Cargo.lock b/Cargo.lock
index eb799ce5b78..90cc7f52254 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -177,7 +177,7 @@ dependencies = [
 
 [[package]]
 name = "binding_macros"
-version = "0.27.0"
+version = "0.27.1"
 dependencies = [
  "anyhow",
  "console_error_panic_hook",
@@ -845,7 +845,7 @@ dependencies = [
 
 [[package]]
 name = "dbg-swc"
-version = "0.60.20"
+version = "0.60.21"
 dependencies = [
  "anyhow",
  "clap 3.1.0",
@@ -3077,7 +3077,7 @@ dependencies = [
 
 [[package]]
 name = "swc"
-version = "0.239.0"
+version = "0.238.5"
 dependencies = [
  "ahash",
  "ansi_term",
@@ -3149,7 +3149,7 @@ dependencies = [
 
 [[package]]
 name = "swc_bundler"
-version = "0.193.30"
+version = "0.193.31"
 dependencies = [
  "ahash",
  "anyhow",
@@ -3264,7 +3264,7 @@ dependencies = [
 
 [[package]]
 name = "swc_core"
-version = "0.52.0"
+version = "0.52.1"
 dependencies = [
  "anyhow",
  "binding_macros",
@@ -3628,7 +3628,7 @@ dependencies = [
 
 [[package]]
 name = "swc_ecma_minifier"
-version = "0.160.30"
+version = "0.160.31"
 dependencies = [
  "ahash",
  "ansi_term",
@@ -4069,7 +4069,7 @@ dependencies = [
 
 [[package]]
 name = "swc_ecmascript"
-version = "0.207.0"
+version = "0.207.1"
 dependencies = [
  "swc_ecma_ast",
  "swc_ecma_codegen",
@@ -4117,7 +4117,7 @@ dependencies = [
 
 [[package]]
 name = "swc_estree_compat"
-version = "0.161.0"
+version = "0.161.1"
 dependencies = [
  "ahash",
  "anyhow",
@@ -4165,7 +4165,7 @@ dependencies = [
 
 [[package]]
 name = "swc_html"
-version = "0.102.2"
+version = "0.102.3"
 dependencies = [
  "swc_html_ast",
  "swc_html_codegen",
@@ -4217,7 +4217,7 @@ dependencies = [
 
 [[package]]
 name = "swc_html_minifier"
-version = "0.99.2"
+version = "0.99.3"
 dependencies = [
  "criterion",
  "once_cell",
@@ -4303,7 +4303,7 @@ dependencies = [
 
 [[package]]
 name = "swc_node_bundler"
-version = "0.25.0"
+version = "0.25.1"
 dependencies = [
  "anyhow",
  "dashmap",
diff --git a/crates/binding_macros/Cargo.toml b/crates/binding_macros/Cargo.toml
index 86412bd0cde..83842b1f474 100644
--- a/crates/binding_macros/Cargo.toml
+++ b/crates/binding_macros/Cargo.toml
@@ -5,7 +5,7 @@ edition     = "2021"
 license     = "Apache-2.0"
 name        = "binding_macros"
 repository  = "https://github.com/swc-project/swc.git"
-version     = "0.27.0"
+version     = "0.27.1"
 
 [lib]
 bench = false
@@ -33,7 +33,7 @@ binding_wasm = [
 
 [dependencies]
 # Common deps for the SWC imports
-swc                 = { optional = true, version = "0.239.0", path = "../swc" }
+swc                 = { optional = true, version = "0.238.5", path = "../swc" }
 swc_common          = { optional = true, version = "0.29.25", path = "../swc_common" }
 swc_ecma_ast        = { optional = true, version = "0.95.9", path = "../swc_ecma_ast" }
 swc_ecma_transforms = { optional = true, version = "0.199.21", path = "../swc_ecma_transforms" }
diff --git a/crates/dbg-swc/Cargo.toml b/crates/dbg-swc/Cargo.toml
index e2f9da07e63..3012288d173 100644
--- a/crates/dbg-swc/Cargo.toml
+++ b/crates/dbg-swc/Cargo.toml
@@ -5,7 +5,7 @@ edition     = "2021"
 license     = "Apache-2.0"
 name        = "dbg-swc"
 repository  = "https://github.com/kdy1/dbg-swc.git"
-version     = "0.60.20"
+version     = "0.60.21"
 
 [[bin]]
 bench = false
@@ -27,7 +27,7 @@ swc_common = { version = "0.29.25", features = [
 ], path = "../swc_common" }
 swc_ecma_ast = { version = "0.95.9", path = "../swc_ecma_ast" }
 swc_ecma_codegen = { version = "0.128.15", path = "../swc_ecma_codegen" }
-swc_ecma_minifier = { version = "0.160.30", path = "../swc_ecma_minifier", features = [
+swc_ecma_minifier = { version = "0.160.31", path = "../swc_ecma_minifier", features = [
   "concurrent",
 ] }
 swc_ecma_parser = { version = "0.123.13", path = "../swc_ecma_parser" }
diff --git a/crates/swc/Cargo.toml b/crates/swc/Cargo.toml
index 7a3c9541bed..c163a8d2f0c 100644
--- a/crates/swc/Cargo.toml
+++ b/crates/swc/Cargo.toml
@@ -9,7 +9,7 @@ include       = ["Cargo.toml", "src/**/*.rs"]
 license       = "Apache-2.0"
 name          = "swc"
 repository    = "https://github.com/swc-project/swc.git"
-version       = "0.239.0"
+version       = "0.238.5"
 
 [lib]
 bench = false
@@ -79,7 +79,7 @@ swc_ecma_loader = { version = "0.41.26", path = "../swc_ecma_loader", features =
   "node",
   "tsc",
 ] }
-swc_ecma_minifier = { version = "0.160.30", path = "../swc_ecma_minifier" }
+swc_ecma_minifier = { version = "0.160.31", path = "../swc_ecma_minifier" }
 swc_ecma_parser = { version = "0.123.13", path = "../swc_ecma_parser" }
 swc_ecma_preset_env = { version = "0.176.0", path = "../swc_ecma_preset_env" }
 swc_ecma_transforms = { version = "0.199.21", path = "../swc_ecma_transforms", features = [
diff --git a/crates/swc_bundler/Cargo.toml b/crates/swc_bundler/Cargo.toml
index 043e0160b65..c91f19cd152 100644
--- a/crates/swc_bundler/Cargo.toml
+++ b/crates/swc_bundler/Cargo.toml
@@ -9,7 +9,7 @@ include       = ["Cargo.toml", "build.rs", "src/**/*.rs", "src/**/*.js"]
 license       = "Apache-2.0"
 name          = "swc_bundler"
 repository    = "https://github.com/swc-project/swc.git"
-version       = "0.193.30"
+version       = "0.193.31"
 
   [package.metadata.docs.rs]
   all-features = true
@@ -61,7 +61,7 @@ swc_ecma_loader = { version = "0.41.26", path = "../swc_ecma_loader", features =
   "node",
   "cache",
 ] }
-swc_ecma_minifier = { version = "0.160.30", path = "../swc_ecma_minifier", features = [
+swc_ecma_minifier = { version = "0.160.31", path = "../swc_ecma_minifier", features = [
   "concurrent",
 ] }
 swc_ecma_transforms_proposal = { version = "0.145.20", path = "../swc_ecma_transforms_proposal" }
diff --git a/crates/swc_core/Cargo.toml b/crates/swc_core/Cargo.toml
index 6c195876df4..ef8b469d96b 100644
--- a/crates/swc_core/Cargo.toml
+++ b/crates/swc_core/Cargo.toml
@@ -6,7 +6,7 @@ edition       = "2021"
 license       = "Apache-2.0"
 name          = "swc_core"
 repository    = "https://github.com/swc-project/swc.git"
-version       = "0.52.0"
+version       = "0.52.1"
   [package.metadata.docs.rs]
   features = [
     "common_perf",
@@ -340,10 +340,10 @@ wasmer      = { optional = true, version = "2.3.0", default-features = false }
 wasmer-wasi = { optional = true, version = "2.3.0", default-features = false }
 
 # swc_* dependencies
-binding_macros                   = { optional = true, version = "0.27.0", path = "../binding_macros" }
-swc                              = { optional = true, version = "0.239.0", path = "../swc" }
+binding_macros                   = { optional = true, version = "0.27.1", path = "../binding_macros" }
+swc                              = { optional = true, version = "0.238.5", path = "../swc" }
 swc_atoms                        = { optional = true, version = "0.4.32", path = "../swc_atoms" }
-swc_bundler                      = { optional = true, version = "0.193.30", path = "../swc_bundler" }
+swc_bundler                      = { optional = true, version = "0.193.31", path = "../swc_bundler" }
 swc_cached                       = { optional = true, version = "0.3.15", path = "../swc_cached" }
 swc_common                       = { optional = true, version = "0.29.25", path = "../swc_common" }
 swc_css_ast                      = { optional = true, version = "0.133.0", path = "../swc_css_ast" }
@@ -357,7 +357,7 @@ swc_css_visit                    = { optional = true, version = "0.132.0", path
 swc_ecma_ast                     = { optional = true, version = "0.95.9", path = "../swc_ecma_ast" }
 swc_ecma_codegen                 = { optional = true, version = "0.128.15", path = "../swc_ecma_codegen" }
 swc_ecma_loader                  = { optional = true, version = "0.41.26", path = "../swc_ecma_loader" }
-swc_ecma_minifier                = { optional = true, version = "0.160.30", path = "../swc_ecma_minifier" }
+swc_ecma_minifier                = { optional = true, version = "0.160.31", path = "../swc_ecma_minifier" }
 swc_ecma_parser                  = { optional = true, version = "0.123.13", path = "../swc_ecma_parser" }
 swc_ecma_preset_env              = { optional = true, version = "0.176.0", path = "../swc_ecma_preset_env" }
 swc_ecma_quote_macros            = { optional = true, version = "0.34.13", path = "../swc_ecma_quote_macros" }
@@ -373,7 +373,7 @@ swc_ecma_usage_analyzer          = { optional = true, version = "0.1.10", path =
 swc_ecma_utils                   = { optional = true, version = "0.106.15", path = "../swc_ecma_utils" }
 swc_ecma_visit                   = { optional = true, version = "0.81.9", path = "../swc_ecma_visit" }
 swc_node_base                    = { optional = true, version = "0.5.8", path = "../swc_node_base" }
-swc_node_bundler                 = { optional = true, version = "0.25.0", path = "../swc_node_bundler" }
+swc_node_bundler                 = { optional = true, version = "0.25.1", path = "../swc_node_bundler" }
 swc_nodejs_common                = { optional = true, version = "0.0.4", path = "../swc_nodejs_common" }
 swc_plugin                       = { optional = true, version = "0.90.0", path = "../swc_plugin" }
 swc_plugin_macro                 = { optional = true, version = "0.9.10", path = "../swc_plugin_macro" }
diff --git a/crates/swc_ecma_minifier/Cargo.toml b/crates/swc_ecma_minifier/Cargo.toml
index 64bec0b2480..33ccca945c2 100644
--- a/crates/swc_ecma_minifier/Cargo.toml
+++ b/crates/swc_ecma_minifier/Cargo.toml
@@ -7,7 +7,7 @@ include       = ["Cargo.toml", "src/**/*.rs", "src/lists/*.json"]
 license       = "Apache-2.0"
 name          = "swc_ecma_minifier"
 repository    = "https://github.com/swc-project/swc.git"
-version       = "0.160.30"
+version       = "0.160.31"
 
   [package.metadata.docs.rs]
   all-features = true
diff --git a/crates/swc_ecmascript/Cargo.toml b/crates/swc_ecmascript/Cargo.toml
index f2fb8841334..87f52545d76 100644
--- a/crates/swc_ecmascript/Cargo.toml
+++ b/crates/swc_ecmascript/Cargo.toml
@@ -6,7 +6,7 @@ edition       = "2021"
 license       = "Apache-2.0"
 name          = "swc_ecmascript"
 repository    = "https://github.com/swc-project/swc.git"
-version       = "0.207.0"
+version       = "0.207.1"
 
   [package.metadata.docs.rs]
   all-features = true
@@ -42,7 +42,7 @@ typescript   = ["typescript-parser", "swc_ecma_transforms/typescript"]
 swc_ecma_ast        = { version = "0.95.9", path = "../swc_ecma_ast" }
 swc_ecma_codegen    = { version = "0.128.15", path = "../swc_ecma_codegen", optional = true }
 swc_ecma_dep_graph  = { version = "0.95.13", path = "../swc_ecma_dep_graph", optional = true }
-swc_ecma_minifier   = { version = "0.160.30", path = "../swc_ecma_minifier", optional = true }
+swc_ecma_minifier   = { version = "0.160.31", path = "../swc_ecma_minifier", optional = true }
 swc_ecma_parser     = { version = "0.123.13", path = "../swc_ecma_parser", optional = true, default-features = false }
 swc_ecma_preset_env = { version = "0.176.0", path = "../swc_ecma_preset_env", optional = true }
 swc_ecma_quote      = { version = "0.39.13", path = "../swc_ecma_quote", optional = true }
diff --git a/crates/swc_estree_compat/Cargo.toml b/crates/swc_estree_compat/Cargo.toml
index 38f958c5dde..d273ebe32b8 100644
--- a/crates/swc_estree_compat/Cargo.toml
+++ b/crates/swc_estree_compat/Cargo.toml
@@ -7,7 +7,7 @@ include       = ["Cargo.toml", "src/**/*.rs"]
 license       = "Apache-2.0"
 name          = "swc_estree_compat"
 repository    = "https://github.com/swc-project/swc.git"
-version       = "0.161.0"
+version       = "0.161.1"
 
   [package.metadata.docs.rs]
   all-features = true
@@ -38,7 +38,7 @@ swc_node_comments = { version = "0.16.25", path = "../swc_node_comments/" }
 [dev-dependencies]
 criterion           = "0.3"
 pretty_assertions   = "1.1"
-swc                 = { version = "0.239.0", path = "../swc" }
+swc                 = { version = "0.238.5", path = "../swc" }
 swc_ecma_ast        = { version = "0.95.9", path = "../swc_ecma_ast" }
 swc_ecma_parser     = { version = "0.123.13", path = "../swc_ecma_parser" }
 swc_ecma_transforms = { version = "0.199.21", path = "../swc_ecma_transforms/" }
diff --git a/crates/swc_html/Cargo.toml b/crates/swc_html/Cargo.toml
index 8f6a9a66efb..a8e6309bed0 100644
--- a/crates/swc_html/Cargo.toml
+++ b/crates/swc_html/Cargo.toml
@@ -6,7 +6,7 @@ edition = "2021"
 license = "Apache-2.0"
 name = "swc_html"
 repository = "https://github.com/swc-project/swc.git"
-version = "0.102.2"
+version = "0.102.3"
 
 [package.metadata.docs.rs]
 all-features = true
@@ -21,6 +21,6 @@ minifier = ["swc_html_minifier"]
 [dependencies]
 swc_html_ast = {version = "0.28.17", path = "../swc_html_ast"}
 swc_html_codegen = {version = "0.37.29", path = "../swc_html_codegen"}
-swc_html_minifier = {version = "0.99.2", path = "../swc_html_minifier", optional = true}
+swc_html_minifier = {version = "0.99.3", path = "../swc_html_minifier", optional = true}
 swc_html_parser = {version = "0.34.28", path = "../swc_html_parser"}
 swc_html_visit = {version = "0.28.17", path = "../swc_html_visit"}
diff --git a/crates/swc_html_minifier/Cargo.toml b/crates/swc_html_minifier/Cargo.toml
index c265b789e12..94a84c68e00 100644
--- a/crates/swc_html_minifier/Cargo.toml
+++ b/crates/swc_html_minifier/Cargo.toml
@@ -10,7 +10,7 @@ include = ["Cargo.toml", "src/**/*.rs", "data/**/*.json"]
 license = "Apache-2.0"
 name = "swc_html_minifier"
 repository = "https://github.com/swc-project/swc.git"
-version = "0.99.2"
+version = "0.99.3"
 
 [lib]
 bench = false
@@ -28,7 +28,7 @@ swc_css_minifier         = { version = "0.108.0", path = "../swc_css_minifier" }
 swc_css_parser           = { version = "0.142.0", path = "../swc_css_parser" }
 swc_ecma_ast             = { version = "0.95.9", path = "../swc_ecma_ast" }
 swc_ecma_codegen         = { version = "0.128.15", path = "../swc_ecma_codegen" }
-swc_ecma_minifier        = { version = "0.160.30", path = "../swc_ecma_minifier" }
+swc_ecma_minifier        = { version = "0.160.31", path = "../swc_ecma_minifier" }
 swc_ecma_parser          = { version = "0.123.13", path = "../swc_ecma_parser" }
 swc_ecma_transforms_base = { version = "0.112.19", path = "../swc_ecma_transforms_base" }
 swc_ecma_visit           = { version = "0.81.9", path = "../swc_ecma_visit" }
diff --git a/crates/swc_node_bundler/Cargo.toml b/crates/swc_node_bundler/Cargo.toml
index bbba56f716a..74359e26ba0 100644
--- a/crates/swc_node_bundler/Cargo.toml
+++ b/crates/swc_node_bundler/Cargo.toml
@@ -7,7 +7,7 @@ edition       = "2021"
 license       = "Apache-2.0"
 name          = "swc_node_bundler"
 repository    = "https://github.com/swc-project/swc.git"
-version       = "0.25.0"
+version       = "0.25.1"
 
 [lib]
 bench = false
@@ -26,9 +26,9 @@ regex = "1"
 serde = { version = "1", features = ["derive"] }
 serde_json = "1"
 string_enum = { version = "0.3.2", path = "../string_enum" }
-swc = { version = "0.239.0", path = "../swc" }
+swc = { version = "0.238.5", path = "../swc" }
 swc_atoms = { version = "0.4.32", path = "../swc_atoms" }
-swc_bundler = { version = "0.193.30", path = "../swc_bundler", features = [
+swc_bundler = { version = "0.193.31", path = "../swc_bundler", features = [
   "concurrent",
 ] }
 swc_common = { version = "0.29.25", path = "../swc_common", features = [