Strive CEO: STRC and SATA volatility is a leveraged liquidation event, not deterioration in underlying credit quality

PANews, June 19 – Strive CEO Matt Cole posted a lengthy statement on X stating that today marks the most difficult day in the history of Digital Credit. STRC briefly dropped to $82.50 before rebounding, while SATA fell from parity to a low of $90 before bouncing back. Cole described the event as a leveraged liquidation incident, not a deterioration in underlying credit quality. The credit standing of the issuers remains strong. Strive’s dividend reserves are intact, the company is operating normally, and its ability to meet obligations is unaffected. Cole emphasized the need to stay calm and focus on fundamentals.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Goldman Sachs Lowers Gold Price Target, No Longer Expects Fed Rate Cut This Year
PANews Newsflash