Nasdaq requires shareholder votes and may delist shares of violating companies, in order to prevent the exploitation of “crypto treasury” to inflate stock prices.
Nasdaq Tightens Scrutiny of Companies Implementing Crypto Treasury Strategies
According to The Information , the Nasdaq stock exchange is increasing its scrutiny of public companies raising Capital to buy and hold large amounts of cryptocurrencies.
This move is aimed at preventing many businesses from taking advantage of the “crypto treasury” ( Digital Asset Treasury – DAT ) to inflate stock prices, regardless of the risks to investors.
Companies That Bet on Crypto Face New Scrutiny From Nasdaq
— The Information (@theinformation) September 4, 2025
Nasdaq is stepping up its scrutiny of companies that want to transform themselves into crypto stocks.
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Why this news is important
Nasdaq requires some crypto-related deals to have shareholder votes, and forces companies to disclose more transparent information.
Companies that fail to comply may be delisted or suspended from trading.
The new regulations could prolong the Capital process for crypto purchases, missing out on opportunities in a rapidly volatile market.
Many experts say the DAT strategy can help companies increase their corporate value and benefit from rising Token prices , but it also carries risks. Skeptics warn that using shareholder Capital to accumulate Token can become an “ insider trick ,” with whales buying and creating liquidation to exit, pushing the risk onto retail investors.
Background and relevant past events
According to The Information, since the beginning of 2025, about 124 companies listed in the US have announced plans to raise more than 133 billion USD to buy crypto , of which 94 stocks are listed on the Nasdaq.
The trend stems from the “ crypto treasury ” model initiated by Michael Saylor with his company Strategy Bitcoin, which has collected more than $71 billion in Bitcoin over the past five years.
August 2025: Nasdaq delists Windtree Therapeutics (WINT) as stock falls below $1 after company launches BNB treasury.
August 22, 2025: SharpLink allows ETH to be used in the SBET stock buyback program , but the move raises investor concerns about the risk of liquidation.
Conclude
Nasdaq tightens oversight of companies deploying crypto treasuries.
The DAT model is both an opportunity to increase value and a potential risk of market manipulation.
Investors need to be alert as the trend of “listed companies embracing crypto” is spreading.
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