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Search results for April 27

Finance

KOSDAQ launches new 30-year roadmap with segment plan, tougher delisting rules

The Korea Exchange is pushing a restructuring of the KOSDAQ market as it marks its 30th anniversary, focusing on introducing segments and tightening delisting rules to improve market trust and address undervaluation. It plans new delisting standards for low-priced shares and higher market-cap and revenue thresholds, while streamlining reviews and toughening penalties for disclosure violations. The exchange is also considering a “KOSDAQ Select” segment for top firms and closer oversight of risky companies.

Crypto

Bitmine on preliminary list for Russell 1000 inclusion, raising hopes for ETF and passive inflows

U.S.-listed Bitmine Immersion Technologies has been placed on a preliminary list for inclusion in the Russell 1000 index. If inclusion is confirmed, market participants are discussing the possibility of large inflows via passive funds and exchange-traded funds. Chairman Tom Lee said Bitmine’s market capitalisation exceeds the $5.7 billion minimum threshold. Bitmine also disclosed it holds 5,278,462 ether and has staked 4,712,917 ether, while pushing back its 5 percent supply target timeline.

Crypto

Strategy nears STRC issuance cap, will bitcoin buying slow

Strategy’s key funding source for bitcoin purchases, its STRC preferred stock, is nearing an issuance cap of about $28.3 billion, raising the possibility that bitcoin buying could slow or stop within a year, an analysis said. Delphi Digital said the cap could become a major constraint. It said dividend obligations would remain even if issuance hits the limit. The analysis highlighted mNAV and stock issuance conditions as key variables for future fundraising and bitcoin accumulation.