The post Bitcoin’s Biggest Threat May Be Coming From Inside Corporate Treasuries appeared on BitcoinEthereumNews.com. Bitcoin 14 September 2025 | 17:00 David Bailey, CEO of Bitcoin treasury firm Nakamoto, has voiced frustration with how companies are reshaping the corporate crypto narrative. He argues that by adding weaker altcoins to balance sheets, firms are blurring what was once a straightforward strategy: holding Bitcoin as a reserve asset. Bailey criticized what he called “toxic financing” and the repackaging of failed projects as new instruments. He warned that too many firms are chasing trends without vision, undermining the legitimacy of the entire treasury sector. The way forward, he said, is simple: grow and monetize balance sheets effectively. Those who succeed will expand assets, while those who mismanage will be swallowed up by stronger players. Comparing Bitcoin treasury firms to traditional banks, Bailey said the industry is essentially building “Bitcoin banks” or, at minimum, Bitcoin-focused financial institutions. In his view, the sector is entering a critical testing phase where only a few will endure. His comments come as a growing number of publicly listed companies diversify beyond Bitcoin. Some firms, like Mill City Ventures III, have even unveiled strategies centered on altcoins such as Sui, fueling debate over risk and long-term viability. Data shows companies now hold nearly $118 billion worth of Bitcoin, while interest in Ethereum and other tokens has been rising. Ethereum, in particular, has gained traction thanks to staking yields, with over 3% of its supply already in corporate treasuries. Not all investors welcome this shift. Galaxy Digital’s Mike Novogratz suggested Bitcoin’s recent sideways trading may be tied to treasury demand spilling into other assets. Meanwhile, some venture capital voices warn that only a handful of Bitcoin treasury firms will survive, predicting that poorly managed ones could spiral toward collapse. The growing appetite for non-Bitcoin treasuries highlights both the maturing of corporate crypto strategies and the… The post Bitcoin’s Biggest Threat May Be Coming From Inside Corporate Treasuries appeared on BitcoinEthereumNews.com. Bitcoin 14 September 2025 | 17:00 David Bailey, CEO of Bitcoin treasury firm Nakamoto, has voiced frustration with how companies are reshaping the corporate crypto narrative. He argues that by adding weaker altcoins to balance sheets, firms are blurring what was once a straightforward strategy: holding Bitcoin as a reserve asset. Bailey criticized what he called “toxic financing” and the repackaging of failed projects as new instruments. He warned that too many firms are chasing trends without vision, undermining the legitimacy of the entire treasury sector. The way forward, he said, is simple: grow and monetize balance sheets effectively. Those who succeed will expand assets, while those who mismanage will be swallowed up by stronger players. Comparing Bitcoin treasury firms to traditional banks, Bailey said the industry is essentially building “Bitcoin banks” or, at minimum, Bitcoin-focused financial institutions. In his view, the sector is entering a critical testing phase where only a few will endure. His comments come as a growing number of publicly listed companies diversify beyond Bitcoin. Some firms, like Mill City Ventures III, have even unveiled strategies centered on altcoins such as Sui, fueling debate over risk and long-term viability. Data shows companies now hold nearly $118 billion worth of Bitcoin, while interest in Ethereum and other tokens has been rising. Ethereum, in particular, has gained traction thanks to staking yields, with over 3% of its supply already in corporate treasuries. Not all investors welcome this shift. Galaxy Digital’s Mike Novogratz suggested Bitcoin’s recent sideways trading may be tied to treasury demand spilling into other assets. Meanwhile, some venture capital voices warn that only a handful of Bitcoin treasury firms will survive, predicting that poorly managed ones could spiral toward collapse. The growing appetite for non-Bitcoin treasuries highlights both the maturing of corporate crypto strategies and the…