Nasdaq reinforces oversight on publicly traded crypto-focused treasuries
- Nasdaq is tightening its grip on companies that are raising funds to stack cryptocurrency as reserve assets.
- The exchange now requires certain companies to obtain shareholder approval before issuing new equity for crypto purchases.
- Crypto treasury firms saw their stocks decline following the announcement.
Nasdaq will require US-listed crypto treasury firms to get shareholder approval before issuing new shares to lift their stock price.
Nasdaq places stricter oversight on public crypto treasuries
Nasdaq is strengthening its grip on companies that try to boost stock performance through fundraising aimed at crypto acquisitions, according to a report from The Information on Thursday.
The exchange now requires some firms to…
