Strive CEO: Rising Bitcoin Price Will Revive Struggling BTC Treasury Firms

The notable part is the mechanism Cole implies: recovery for overextended treasury vehicles may arrive through balance-sheet repair rather than fresh capital, which would let a few survivors re-rate while weaker peers stay impaired. That distinction matters most for holders of smaller, leveraged treasury names, where solvency and share-count dilution, not bitcoin's direction alone, determine outcomes. Whether capital markets reopen for these firms, or consolidation does the work instead, is the open question to watch.