STRC fell to $82.50 before rebounding sharply, while SATA dropped from par into the low 90s during what ColeMacro described as the most difficult day in Digital Credit’s history.
Strive CEO ColeMacro said Digital Credit went through its most difficult day, describing the move as a leverage liquidation event. During the selloff, STRC dropped as low as $82.50 before recovering sharply, while SATA fell from par (its face-value trading level) to the low 90s before rebounding. The remarks point to forced selling tied to leverage, a dynamic that can amplify losses when positions are unwound rapidly.