Strive CEO says STRC, SATA selloff was leverage flush
Strive CEO says STRC, SATA selloff was leverage flush
Cole said STRC and SATA fell on forced selling, not weaker credit quality.STRC dropped to $82.50 while SATA fell to low $90s before recovering intraday on Friday.Strive says reserves remain intact as digital credit investors review leverage and liquidity risks.