Strive CEO Matt Cole said on June 19 that the recent steep sell-off in Strategy’s STRC and his company’s SATA was caused by forced liquidation from leveraged investors and not by any deterioration in the financial strength of the issuers.
His comments came after one of the most volatile trading sessions the sector has ever seen, with STRC falling to $82.50 and SATA dropping into the low $90s before both recovered as buyers stepped back into the market.
Cole Says Fundamentals Are Still Intact Despite Sell-Off
In a lengthy post on X, the Strive chief called Thursday the most difficult day in the history of what he termed Digital Credit. According to him, investors looking for higher yields increasingly borrowed against assets such as STRC and SATA, but when prices started falling, margin calls triggered even more selling, creating a cascade that pushed prices lower regardless of fundamentals.
“What happened today was a leverage liquidation event, not a deterioration in underlying
We współpracy z: https://cryptopotato.com/strive-ceo-sharp-strc-sata-drops-were-leverage-liquidations-not-credit-failures/
