Strive CEO Discusses Market Turmoil Amid Digital Credit Selloff
Matt Cole attributes the recent downturn in the digital credit market to forced selling by leveraged investors, which impacted STRC and SATA significantly before a partial recovery.
The digital credit market experienced a notable selloff recently, with Strive CEO Matt Cole pointing to leverage liquidations as a key factor behind the downturn.
Both STRC and SATA, which are intended to maintain a value close to $100, saw their prices drop sharply before managing to rebound somewhat.
Cole described the day of the selloff as potentially one of the most challenging in the history of digital credit, highlighting the volatility caused by forced selling.
Updates
Update at 10:32 UTC on 2026-06-19
The Block reported STRC and SATA, designed to trade near a $100 par value, fell significantly on Thursday before partially recovering.
Sources: The Block