NASDAQ’s Strategy for Regulating Crypto Treasury Firms Clarified
Crypto treasury stocks experienced a decline on Thursday following a report from The Information indicating that Nasdaq is increasing scrutiny on firms that are raising capital to accumulate digital currency.
It seems the primary hope surrounding the “treasury company” trend was the anticipation of witnessing “strategic crypto reserves” established by key nation states by this time. Can you envision Vietnam holding XRP or Ghana with BTC? This scenario, however, has yet to come to fruition and may not occur in the near future.
At the same time, Nasdaq is placing additional obstacles in front of crypto treasury firms, informing certain listed organizations that they may need shareholder approval before issuing new shares to acquire digital assets.
Crypto treasury companies like $BMNR and $MTPLF are facing significant challenges lately. pic.twitter.com/1OnZTVWd6s
— Cole Grinde (@GrindeOptions) September 4, 2025
As per filings and sources familiar with the situation, the aim is to safeguard existing shareholders from potential dilution, especially when digital currency constitutes the primary objective of the funds raised.
This action may hinder an influx of transactions. Architect Partners has reported that 124 U.S.-listed entities revealed intentions to gather $133 billion for crypto acquisitions this year, which is now under threat.
Is It Time to Liquidate Small Crypto Treasury Firms? Trading market Response: Bitcoin and Treasury Stocks Decline
This update triggered declines across the industry:
- Strategy (Bitcoin Treasury leader) plummeted by as much as 3% before finishing down 0.8%.
- Bitcoin decreased by 1.6% throughout the day.
- Sharplink Gaming (ETH holder) dropped 8%.
- Upexi and Decentralized finance Development (SOL holders) fell by 4.5% and 7.6%, respectively.
Heritage Distilling, which is set to launch a “Bitcoin Bourbon,” is waiting for a shareholder vote linked to its $IP coin treasury, and saw a dip of 0.3%.
CoinGlass data indicates that stocks tied to treasury accounts have become closely correlated with fluctuations in Bitcoin USD price, amplifying price swings as companies enter the fray. Aside from Michael Saylor’s Strategy, wagering your firm on crypto asset is proving to be a bumpy journey.
DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025
Can Strategy Navigate S&P 500 Challenges? Michael Saylor’s Fresh Venture
Strategy remains in the limelight as the largest BTC treasury firm globally, holding 636,505 Bitcoin. Analysts now regard the chances of the company being included in the S&P 500 as 91%, bolstered by its crypto market cap exceeding $92 billion, daily trading volumes of millions of shares, and a positive GAAP net income of $5.3 billion over the last four quarters.
Nonetheless, challenges linger. Bloomberg highlights that the S&P Index Committee can reject inclusion even if all criteria are fulfilled, citing “concerns over the sustainability” of a crypto treasury framework and an average volatility of 96% in 30-day price fluctuations.
This uncertainty could obstruct Strategy’s route to the S&P 500, notwithstanding financial figures that surpass the requirements.
DISCOVER: Top 20 Crypto to Buy in 2025
Is It Wise to Acquire More Strategy Before Potential S&P 500 Inclusion?
If Strategy secures inclusion in the S&P 500, it would elevate more than just its stock value. Index funds following the benchmark would inject billions into crypto-related equities, echoing the historical pattern of an 8–10% surge for new entrants.
This development would also strengthen the link between Wall Street and Bitcoin. Treasury companies in the index would provide essential crypto exposure within the portfolios of mainstream investors, bridging the divide between digital assets and traditional finance. But will it occur?
Currently, Saylor and his team possess the most favorable odds, making the idea of increasing investments in Q4 quite appealing.
EXPLORE: Trump Crypto Moves Made $5Bn in 2025: How To Get Rich in Crypto Trump-Style?
Join The 99Bitcoins News Discord Here For The Latest Crypto market Updates
Key Takeaways
- Nasdaq is intensifying scrutiny of crypto treasury stocks, leading to a downturn in BTC and corporate holders. Strategy is aiming for S&P 500 inclusion.
- Index funds following the benchmark are poised to funnel billions into crypto-related equities, potentially replicating the historical trend of an 8–10% surge for newcomers.
The post NASDAQ’s Strategy to Regulate Crypto Treasury Companies Clarified appeared first on 99Bitcoins.
