Strive CEO: Digital Credit Hit Its Toughest Day on Friday Amid Leverage Liquidation

Digital credit markets experienced sharp volatility on Friday, as Strategy’s STRC fell to $82.50 and Strive’s SATA dropped from par into the low 90s before both staged a recovery from their intraday lows.

Addressing the move, Strive CEO Matt Cole described the session as “the most difficult day in Digital Credit’s history.” He said the decline was driven by a leverage-related liquidation cascade rather than any weakening in underlying credit fundamentals. Cole added that issuer credit profiles remain strong, dividend reserves are intact, and both securities saw notable buying interest near their day’s lows.

Source: Matt Cole