David Bailey, CEO of Bitcoin Treasury Company Nakamoto, says companies connecting the underperforming ultCin in their balance sheet are making the wider treasury story.
“Treasury company Monicer is confusing itself,” belly Said In an X post on Sunday.
Belly said, “Toxic financing, unsuccessful Altcoin failed as DATS, a lot of failed companies with a plan or vision. It completely spoils the story,” Belly said.
David Bailey says that the region is being tested “
Belly insisted that “the core strategy is to build and milestone your balance sheet.”
“If you can do it well, you will develop your property over time; If you do it poorly, you will trade at a discount and will be consumed by someone who can improve it,” he said.
“Bitcoin Treasury Company of Fiat System is a bank. Today we are building bitcoin banks. If you are afraid of that word, call them bitcoin financial institutions.”
Bailey said that the entire treasury area is being tested. “Their comments come as publicly listed companies, which are starting to look beyond bitcoin (BTC) and are below to add the risk curve to their treasures for other crypto assets. On August 2, it was reported that NASDAQ-Mill City Vointes III III III has recently announced its recently announced Sui Treasury Strategy to Fund a Equity Agreement to Funds a Equity Agree Million can gather.
Bitcoin, running firms to expand their treasures beyond Galaxy Digital Said In July 31 report. Ether (Ath), Solan (Sol), XRP (XRP), BNB (BNB), and hyperlicid (hyp) are one of the cryptocurrency receiving tractions outside bitcoins.
Bitcoin is about $ 117.91 billion at the time of publication of publicly trading companies, According To Bitcointreasuries.net.
Ether is receiving traction as an alternative because it can also be stake for annual returns, making it a store of value and a source of income. About 3.14% of the total supply of ether is held in publicly listed Treasury companies, According Strategically.
Extension of interest may be the reason for the price of bitcoin.
Galaxy Digital CEO Mike Novogrates said that Treasury companies show interest in broad crypto markets, which may be the cause of unlikely value action of bitcoin in recent times.
“Bitcoin is currently on a consolidation. Partly because you are watching many of these treasury companies in other coins,” Novograte said.
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While Altcoins have faced some investigation in the Treasury, questions have also been raised about the bitcoin treasury.
Venture Capital Firm Breed said only some bitcoin treasury companies would stand on the test of time and avoid vicious “Death Spiils” that will affect BTC holding companies that trade close to Net Asset Value (NAV).
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