David Bailey, CEO of KindlyMD, noted the market’s increasing sophistication in evaluating different Bitcoin treasury firms as excitement declines. Many firms faced a drop in market net asset values, emphasizing the need for a unique edge to stand out.
With total holdings of $113.8 billion among public Bitcoin treasuries, Bailey predicts that only the strongest companies will advance to the next phase, ensuring a healthier industry while warning of potential market saturation affecting smaller firms.
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