TechFlow News, June 15: According to The Block, Ben Werkman, Chief Investment Officer of Strive, stated that if Bitcoin remains weak, Bitcoin treasury companies relying on convertible debt financing may face increasing pressure, potentially leading to industry consolidation, restructuring, or even asset sales.
He noted that some companies may need to sell Bitcoin to meet operational funding needs or restructure their debt. Werkman also pointed out that Strive has not previously used convertible bonds for financing, opting instead for equity financing to advance its strategy; meanwhile, acquisitions like Strive’s acquisition of Semler Scientific may become more common in the future.
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