The post Nasdaq Rule Change Triggers Crypto Stock Plunge,  BTC, ETH Slide appeared on BitcoinEthereumNews.com.

Nasdaq announced recently, it will now require shareholder approval before companies issue new shares to buy crypto. The news sent crypto stocks sharply lower. MicroStrategy (MSTR) pioneered this strategy, raising roughly $71 billion by issuing stock to accumulate bitcoin. Shares of MicroStrategy itself fell over 3% intraday, and BitMine Immersion, SharpLink Gaming and ETHZilla all plunged on the day. Bitcoin and Ether also retreated, each down roughly 2–3%, pulling the total crypto market capitalization about 2.2% lower by day’s end. Nasdaq said the change aims to preserve market integrity as companies raise large sums through complex crypto-funding deals. For perspective, roughly 184 U.S. companies plan to raise about $132 billion for crypto purchases this year. Nasdaq’s move directly targets that wave of stock-for-crypto financing. What Nasdaq Rule Change Means For Crypto Stock Effective immediately, Nasdaq’s updated policy requires some crypto-focused companies to get shareholder approval before issuing new equity for cryptocurrency purchases. Nasdaq says issuers must now secure an investor vote for any large stock-for-crypto capital raise. Nasdaq warned that companies failing to comply could face trading suspension or even delisting. The exchange said the rule is a guardrail for market integrity. For context, crypto advisory Architect Partners estimates roughly 124 U.S.-listed companies plan to raise about $133 billion this year to buy digital assets. Analysts note that crypto treasuries “often prioritize share offerings as a way to raise capital for additional coin purchases,” a model “pioneered by Strategy (MSTR).” Nasdaq’s oversight will cover many of those deals. Crypto Stock and Crypto Market Plunge MSTR Stock Chart: Google Finance Crypto-linked equities took an immediate hit after the Nasdaq announcement. Shares of MicroStrategy fell as much as 2.7% intraday. BitMine Immersion slid nearly 9%, SharpLink Gaming tumbled about 11%, and ETHZilla plunged roughly 15% on the news. By midday, ETHZilla remained…

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Filed under: News - @ September 5, 2025 9:30 pm