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David Bailey, CEO of Bitcoin treasury firm Nakamoto, has voiced concerns over the growing trend of companies labeling themselves as digital asset treasuries while holding underperforming altcoins. He argues this practice is confusing investors and diluting the credibility of treasury management narratives. Bailey’s remarks come amid heightened corporate interest in crypto balance sheet strategies.
- David Bailey highlights confusion around the 'digital asset treasury' label due to companies holding non-Bitcoin assets.
- He criticizes the rebranding of failed altcoins and projects as DATs, calling it 'toxic financing'.
- Bailey warns that unclear treasury strategies risk undermining corporate crypto adoption narratives.
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