ASX sounds warning to bitcoin hoarders as stock de-lists

The ASX has warned that companies that hoard bitcoin like Michael Saylor’s Strategy were unlikely to be welcomed on the bourse after delivery start-up Locate Technologies said it would have been booted from the exchange if it kept buying up the digital asset.

Locate made history in May when it became the first ASX-listed company to launch a so-called bitcoin treasury – a tactic of hoarding the popular cryptocurrency made famous by Saylor in the US.

Source: https://www.afr.com/markets/equity-markets/asx-sounds-warning-to-bitcoin-hoarders-as-stock-de-lists-20251203-p5nkfu