NASDAQ TIGHTENS SCRUTINY OF CRYPTO TREASURY RAISES

Summary from the TLDR Crypto newsletter

Nasdaq is increasing oversight of U.S.-listed firms raising capital to buy crypto, now requiring shareholder votes and greater disclosures, with potential suspension or delisting for noncompliance. The move follows an increase in digital asset treasury (DAT) raises, with 154 firms announcing $98.4B in planned crypto purchases this year. The crackdown adds new hurdles for companies mirroring Strategy and BitMine's balance sheet playbooks, potentially slowing deal timelines.