TechFlame News, citing The Block, Ben Werkman, Chief Investment Officer of Bitcoin treasury company Strive, stated at the BTC Prague event that if Bitcoin prices remain persistently low, treasury companies relying on convertible bond financing will face increased pressure, forcing them to sell Bitcoin to maintain operations or repay debt, making industry consolidation inevitable. Bitcoin has currently dropped about 50% from its all-time high of approximately $126,000 in October last year. Werkman pointed out that Strive previously chose to raise funds solely through equity, without issuing convertible bonds, allowing it to continue operating through the bear market. He cited the acquisition of Semler Scientific as an example of industry consolidation. He also mentioned that companies like Nakamoto are actively deleveraging to regain operational flexibility.