ChainCatcher report, according to The Block, Ben Werkman, Chief Investment Officer at Bitcoin treasury company Strive, stated at the BTC Prague event that if Bitcoin prices remain depressed, treasury companies reliant on convertible debt financing will face increased pressure, potentially forcing them to sell Bitcoin to maintain operations or repay debt, making industry consolidation inevitable. Currently, Bitcoin is down approximately 50% from its all-time high of around $126,000 in October last year. Werkman noted that Strive previously chose to raise capital solely through equity financing, avoiding convertible debt, enabling it to continue operating during the bear market, and cited the acquisition of Semler Scientific as an example of industry consolidation. He also mentioned that companies such as Nakamoto are actively deleveraging to regain operational flexibility.
Strive CIO Warns Bitcoin Treasury Firms Face Pressure Amid Price Decline
ChaincatcherShare
Summary
Bitcoin’s price today has dropped approximately 50% from its late 2025 peak of $126,000, putting pressure on Bitcoin treasury firms using convertible debt. At BTC Prague, Strive’s CIO Ben Werkman said such firms may be forced to sell BTC, leading to further consolidation. Strive’s equity-only model has enabled it to remain active during the downturn; he cited Semler Scientific’s acquisition as a recent example. Companies like Nakamoto are also reducing leverage to enhance flexibility. While Werkman did not provide a Bitcoin price prediction, his remarks underscore ongoing market stress.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.