Strive CEO Attributes Price Plunge in Digital Credit Instruments to Leverage Liquidations
The preferred equity and digital credit products SATA (from Strive) and STRC (from Strategy) experienced significant price declines below par value due to leverage liquidation events, according to company executives. Matt Cole of Strive emphasized that the underlying credit quality remained intact.
Topics: digital credit leveraged liquidation preferred shares SATA STRC Strive