BiyaPay Analyst: Nasdaq Tightens Cryptocurrency Stock Regulation, New Stock Purchase with Coins Requires Shareholder Approval, Institutional Bull Market Fear Likely to End
BlockBeats News, September 5th, Nasdaq is strengthening its regulation of public companies' cryptocurrency purchases through new stock issuance, requiring some companies to obtain shareholder approval before making a purchase. This move may slow down the current cryptocurrency craze and provide investors with more risk transparency.
As of now, 124 US-listed companies have planned to raise over $133 billion to purchase cryptocurrency, with the vast majority listed on Nasdaq. In recent years, some companies have adopted a strategy similar to MicroStrategy's, rapidly accumulating Bitcoin and other tokens to boost their stock prices. However, with Nasdaq introducing shareholder voting and approval requirements, such funding operations may face the risk of delays or even adjustments to the transaction structure.
For example, Nasdaq-listed company Heritage Distilling plans to purchase Story blockchain native tokens, and its financing structure needs to be amended due to Nasdaq's new rule, requiring investors to exercise their warrants only after shareholder approval. Industry lawyers point out that such regulatory actions remind companies to strictly comply with exchange rules in digital asset deployment to avoid future transactions being forcibly reversed.
Amid market volatility, the BiyaPay multi-asset trading platform will provide users with a secure, efficient trading and allocation experience, helping you seize market opportunities and achieve asset appreciation.
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