The post Investors Maturing Toward Bitcoin Treasuries: David Bailey appeared on BitcoinEthereumNews.com.

Investors are becoming more discerning of Bitcoin treasury companies as the “euphoria” over Bitcoin-stacking firms is starting to wane, according to a Bitcoin treasury executive. There are currently 205 publicly listed Bitcoin (BTC) treasury companies worldwide. But their sheen has started to dull, with several firms that have adopted the strategy seeing their market net asset values (mNAVs) plunge in recent months. “The market’s getting more sophisticated, it’s learning how to assess what makes treasury companies different,” KindlyMD CEO David Bailey, who is leading the company’s Bitcoin accumulation strategy, said in an interview with CNBC on Thursday. Bitcoin treasuries must have a need and “edge” to launch  Bailey said that there’s little reason to launch unless a company pursues a truly unique approach. “It’s kind of like, what’s the edge? Why are you needed?” Bailey said. “Anytime there is euphoria in the market, you see good companies come to bear and you also see not great companies come to bear,” he said. Bitcoin is down 9.90% over the past seven days. Source: CoinMarketCap Bailey said the days are over of new Bitcoin treasury companies following the exact playbook of public companies already in the market.  “There are so many companies that the market can bear doing the exact same thing,” he said.  He outlined several ways these firms can stand out, from pursuing untapped international markets to specializing in specific asset categories, such as Michael Saylor’s strategy of breaking into the credit market, or even acquiring and consolidating operating businesses that generate steady income. Bailey’s Bitcoin firm, Nakamoto Holdings, completed its merger with healthcare company KindlyMD on Aug. 14, forming a publicly traded Bitcoin treasury vehicle with plans to accumulate 1 million BTC. KindlyMD’s stock price has declined by almost 57% over the past six months. Source: Google Finance KindlyMD…

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Filed under: News - @ October 17, 2025 7:29 pm