The Nasdaq stock exchange has intensified oversight of public companies that are forming cryptocurrency reserves on their corporate balance sheets. The new measures require mandatory shareholder voting on certain transactions involving digital assets, as well as expanded disclosure of all transactions related to the purchase and use of cryptocurrency.
This is reported by Finway
New Transparency and Voting Rules
From now on, issuers must provide detailed information about their intentions regarding token purchases, disclose strategies for using digital assets in the company’s financial policy, and take market volatility into account. In case of violations of these requirements, Nasdaq may suspend trading of securities or delist the company.
“The exchange has strengthened oversight of issuers accumulating cryptocurrency on their balance sheets.”
Market Growth and Participant Reactions
According to Architect Partners, since the beginning of 2025, 154 American companies have announced plans to raise over $98.4 billion to bolster their cryptocurrency reserves. This is nearly three times the $33.6 billion raised by ten issuers before the start of 2025. Most of these companies are traded on Nasdaq.
The tightening of regulatory requirements has been a response to the active integration of digital assets into corporate treasury. Investors are concerned that additional procedures may slow down deal-making and increase regulatory risks for companies that are actively incorporating cryptocurrency into their balance sheets.
Nasdaq places particular emphasis on transparency — the exchange requires not only the declaration of plans for token purchases but also a detailed description of their usage. Companies must explain how digital assets will impact their financial policy and account for market volatility.
The increased scrutiny coincides with a trend where several public companies are following the Strategy (MicroStrategy) model, which actively invests in Bitcoin. Some firms, according to market information, are considering comprehensive strategies involving Ethereum and other digital assets to manage risks more effectively.
As of early September 2025, the leaders in the Digital Asset Treasury segment remain Strategy, which specializes in Bitcoin investments, and BitMine Immersion, led by Tom Lee, which is betting on Ethereum.