BitMine Immersion Receives NYSE Approval, Avoids Shareholder Approval Requirement for Crypto Treasury Transactions

BitMine Immersion, listed on the NYSE American, has stated that it is fully compliant with NYSE standards and guidelines. The company is able to issue shares via its existing shelf registration without shareholder approval and can continue its ATM program without shareholder approval. NASDAQ's guidance requires shareholder approval for companies establishing crypto treasuries and accepting crypto in exchange for new shares, but this does not apply to BitMine.

In the wake of Nasdaq's reported increased scrutiny of crypto treasury companies, BitMine Immersion Technologies (BMNR) has highlighted its full compliance with NYSE American standards and guidelines. The company, listed on the NYSE American, has stated that it is able to issue shares via its existing shelf registration without requiring shareholder approval, and it can continue its ATM program without such approval [2].

Nasdaq's new requirements, according to a recent report, include mandating shareholder approval for companies looking to raise money to buy crypto. This new guidance is aimed at curbing the rapid rise of companies seeking to quickly raise capital through crypto treasury strategies. The exchange has reportedly seen enough of this trend and is now upping its scrutiny, potentially leading to de-listing or suspension of trading for non-compliant firms [1].

BitMine Immersion, however, is not affected by these new Nasdaq requirements. The company had already secured NYSE approval for its PIPE (private investment in public equity) transaction, which closed on July 8, 2025. This approval allows BitMine to continue its crypto treasury strategy without the need for shareholder approval [2].

The company's compliance with NYSE standards and its ability to issue shares and continue its ATM program without shareholder approval is a significant advantage in the current market environment. As cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have seen price declines of 2%-4%, the news of Nasdaq's increased scrutiny has put further pressure on crypto treasury strategy stocks [1].

BitMine Immersion's compliance with regulatory standards and its ability to operate without shareholder approval for these transactions could provide a competitive edge in the volatile crypto market. The company's focus on long-term investment in Bitcoin and Ethereum, along with its institutional backing from ARK Invest and the Canada Pension Plan, underscores its strategic approach to crypto treasury management [3].

References:
[1] https://www.coindesk.com/markets/2025/09/04/crypto-treasury-names-hammered-further-as-nasdaq-reportedly-ups-scrutiny
[2] https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-statement-on-nyse-american-listing-and-access-to-capital-markets-302547414.html
[3] https://www.ainvest.com/news/bmnr-ethereum-holdings-barometer-institutional-confidence-crypto-era-2509/