The post Underperforming Altcoins Are Confusing Treasury Narrative appeared on BitcoinEthereumNews.com.

Companies adding underperforming altcoins to their balance sheets are muddying the broader treasury narrative, says Bitcoin treasury company Nakamoto CEO, David Bailey. “The treasury company moniker itself is confusing,” Bailey said in an X post on Sunday.  “Toxic financing, failed altcoins rebranded as DATs, too many failed companies with no plan or vision. It’s totally muddled the narrative,” Bailey said. David Bailey says the sector is “being tested” Bailey emphasized that “the core strategy is to build and monetize your balance sheet.” “If you can do it well, you will grow your assets over time; if you do it poorly, you will trade at a discount and be consumed by someone who can do it better,” he said. “The bitcoin treasury company of the fiat system is a bank. Today we are building Bitcoin Banks. If you’re afraid of that term, call them Bitcoin financial institutions.” Bailey said that the entire treasury sector is “being tested.” His comments come as publicly-listed companies are starting to look beyond Bitcoin (BTC) and down the risk curve for other crypto assets to add to their treasuries. On Aug. 2, it was reported that Nasdaq-listed Mill City Ventures III may raise another $500 million under an equity agreement to fund its recently announced Sui treasury strategy. Source: Jeff Park Narrative-driven theses are driving firms to expand their treasuries beyond Bitcoin, Galaxy Digital said in a July 31 report. Ether (ETH), Solana (SOL), XRP (XRP), BNB (BNB), and HyperLiquid (HYPE) are among the cryptocurrencies gaining traction outside of Bitcoin. Bitcoin held in publicly-traded companies is approximately $117.91 billion at the time of publication, according to BitcoinTreasuries.NET. Ether is gaining traction as an alternative because it can also be staked for annual returns, making it a store of value and a source of income. Approximately 3.14%…

---

Filed under: News - @ September 14, 2025 11:19 pm