Strike CIO warns Bitcoin finance companies may face a wave of mergers and acquisitions According to The Block, Ben Werkman, Chief Investment Officer of Strike, stated that if the price of Bitcoin remains low for a long time, it will increase the pressure on Bitcoin finance companies that rely on convertible bond financing. Some companies may be forced to sell BTC to maintain operations or repay debts, and trigger mergers and acquisitions, asset sales, and restructuring. Werkman stated that Strike has chosen to solely rely on equity financing to avoid convertible bond pressure, and has acquired peer company Semler Scientific as an industry integration case. He pointed out that some companies are actively reducing debt, adjusting their balance sheets, and expecting more mergers and structural adjustments in the future to cope with continued market weakness and conservative treatment of Bitcoin asset values by rating agencies.