Crypto Treasury Stocks Slide as Nasdaq Increases Oversight
Crypto treasury stocks fell further Thursday as Nasdaq reportedly steps up scrutiny of firms raising capital to buy digital assets, according to The Information. Some companies may now need shareholder approval before issuing shares for crypto purchases, with noncompliance risking trading suspension or delisting.
The news compounds pressure on already weakened crypto treasury names amid 2–4% drops in major cryptocurrencies, including bitcoin (BTC $110,727), ether (ETH), and solana (SOL $203).
Key movers Thursday:
- KindlyMD (NAKA): Down 16%, ~80% below its Aug. 15 merger price, over 90% below its late-May peak.
- American Bitcoin (ABTC): Fell 20% one day after Nasdaq debut.
- Metaplanet (MTPLF): Down 8.6%, ~70% off late-May high.
- Bitmine Immersion (BMNR): Off 8.6%, ~70% below early-July record.
- Sharplink Gaming (SBET): Dropped 10.5%, nearly 90% off late-May top.
Strategy (MSTR) remains the most resilient, down 1.8% Thursday and about 30% from its mid-July 2025 high.
Rising regulatory scrutiny and fading investor enthusiasm continue to weigh on crypto treasury stocks.
