ASX (ASX:ASX) Valuation Insights Following New Restrictions on Corporate Crypto Reserves
ASX (ASX:ASX) is drawing attention after reports revealed it has introduced stringent new rules aimed at restricting listed companies from turning into digital asset treasury vehicles that hold cryptocurrencies as main reserves. This move brings ASX in line with other major exchanges across the Asia-Pacific region.
See our latest analysis for ASX.
The recent clampdown on crypto reserves arrives just as ASX shares continue to slide. The latest share price is $56.73, and the year-to-date share price return is -13.08%. Momentum has clearly faded. Over the past twelve months, the total shareholder return is -13.02%, hinting at increasing caution among investors despite steady underlying earnings growth.
If you’re rethinking your…
