Strive CEO says STRC and SATA rebound after liquidation-driven drop
Matt Cole said Digital Credit endured its toughest day as a leverage liquidation event pushed STRC to $82.50 and SATA from par toward $90 before both rebounded, while reserves and obligations remained intact.
Fact Check
The claim is directly confirmed by the primary source — Matt Cole's own X post (@ColeMacro, status 2067703328314904815) — which states STRC traded down to $82.50, SATA fell to the low 90s from par, both rebounded sharply, the cause was a leverage liquidation cascade rather than credit deterioration, and dividend reserves/creditworthiness remained intact. Three independent crypto-media outlets (BlockBeats, Odaily, PANews) all report the same details and cite the same original post, providing strong corroboration of every element of the claim.
Summary
Strive CEO Matt Cole said Digital Credit experienced its most difficult day as a leverage liquidation event, not a deterioration in underlying credit quality, drove sharp price declines in STRC and SATA. STRC fell as low as $82.50 intraday before rebounding sharply, while SATA dropped from around par to near $90, or the low 90s, before recovering. Cole said Strive’s dividend reserve remains intact, the company can continue meeting its obligations and executing its strategy, and buying near the lows showed real demand.
Terms & Concepts
- leverage liquidation event: A sharp selloff caused by forced unwinding of borrowed positions.
- credit quality: A borrower’s capacity to meet debt obligations.
- par: The face value at which a security trades.