Strive’s Werkman says Bitcoin downturn may force treasury firms to restructure
Strive’s Werkman says Bitcoin downturn may force treasury firms to restructure
Strive CIO Ben Werkman said prolonged Bitcoin weakness could push some treasury companies toward consolidation, particularly those carrying debt funded accumulation strategies.Werkman pointed to balance sheet restructuring efforts at firms such as Nakamoto and cited Strive’s acquisition of Semler Scientific as a sign of what could follow.He also defended Strategy’s recent sale of 32 BTC, saying it helped demonstrate Bitcoin’s liquidity even as the company continued expanding its holdings to 846,842 BTC.