$Strategy(MSTR.US) - STRATEGY SHARES FALL AS NASDAQ TIGHTENS CRYPTO RULES
Strategy stocks dropped 3.5% after Nasdaq began requiring shareholder approval for new shares used to buy cryptocurrency, slowing the trend of firms turning into crypto-focused companies. Crypto-adjacent stocks also fell—Bitmine Immersion down 8.7%, SharpLink Gaming down 9%—and bitcoin slipped 2.5%. Nasdaq may delist or suspend firms that don’t comply. With federal regulators stepping back, Nasdaq is now the main enforcer of crypto-related stock rules, making regulatory delays costly for companies racing to acquire tokens.The copyright of this article belongs to the original author/organization.
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