Svmuu News: Ben Werkman, Chief Investment Officer at Strive, stated that if the price of Bitcoin remains depressed for an extended period, it will increase pressure on financial firms Bitcoin that rely heavily on convertible bond financing. Some companies may be forced to sell BTC to maintain operations or repay debt, triggering mergers and acquisitions, asset sales, and restructuring.Ben Werkman noted that Strive has chosen to rely solely on equity financing to avoid the pressures associated with convertible bonds and has acquired industry peer Semler Scientific as an example of industry consolidation.He noted that some companies are proactively reducing debt and adjusting their balance sheets, and expects more M&A and restructuring in the future to address ongoing market weakness and rating agencies’ conservative treatment of asset values at Bitcoin. (Theblock)