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

CoinFeed June 19 news, Strive CEO Matt Cole posted a lengthy statement on X saying that today is the most difficult day in Digital Credit history, with STRC dropping to $82.50 before rebounding, and SATA falling from par to a low of $90 before bouncing back. Cole stated that this is a leveraged liquidation event, not a deterioration in underlying credit quality. Issuer credit conditions remain strong. Strive's dividend reserves are intact, the company is operating normally, and its ability to meet obligations is unaffected. Cole emphasized staying calm and focusing on fundamentals.