CryptoStrategy confirms Bitcoin purchases are unaffected by new Nasdaq...

Strategy confirms Bitcoin purchases are unaffected by new Nasdaq rules

-


Key Takeaways

  • Strategy’s Bitcoin purchases remain unaffected by new Nasdaq regulations.
  • Nasdaq now requires shareholder approval before companies can issue new shares for crypto purchases.

Share this article

Strategy confirmed today that Nasdaq’s new regulations on digital asset treasury formations will not impact its operations, including ATMs and capital markets activities. This indicates that its Bitcoin accumulation plans remain unaffected.

The stock exchange reportedly introduced requirements mandating companies to obtain shareholder approval before issuing new shares for crypto purchases.

The rules aim to enhance transparency around corporate crypto investment strategies, particularly as more companies add digital assets to their balance sheets.

Companies that fail to comply with these new requirements could face delisting or trading suspensions.

Crypto stocks plummeted following reports of Nasdaq’s heightened scrutiny over stock listings.

Share this article





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

SEC announces cross-border task force to combat fraud

The Securities and Exchange Commission has...

Hamster Kombat volume spikes 3,720% despite losing 86% of players

The volume of Hamster Kombat’s token rose from $39M to almost $1.5B in the space of two days...

Bullish Approved to Deliver Regulated Crypto Services Across European Union

Bullish just locked in full EU-wide crypto trading access under MiCAR, unlocking a massive institutional market hungry for...

Advertisement

How to stay safe on-chain: Three crypto users lose $876K within hours

The largest theft was caused by a user signing a malicious ‘permit’ transaction, allowing the scammer to steal...

Must read

Hamster Kombat volume spikes 3,720% despite losing 86% of players

The volume of Hamster Kombat’s token rose from...

You might also likeRELATED
Recommended to you