Strive CEO Matt Cole says STRC and SATA sell-off was a leverage liquidation, not a credit problem

Ali Martinez has cautioned that Strategy’s STRC structure may amplify financial stress in a prolonged Bitcoin bear market, citing similarities to the feedback loop seen in Terra-Luna’s collapse in 2022. In a June 19 X post, Martinez argued that STRC…

Cryptoquant CEO Ki Young Ju has warned that BTC’s biggest threat is not a crash but “boredom,” arguing a years-long sideways grind would expose the danger in Michael Saylor’s STRC preferred-stock machine. The Boredom Thesis Ki Young Ju, chief executive of analytics firm Cryptoquant, has reframed the bear case in a way that cuts against […]

The disastrous day for Bitcoin firms' preferred equity offerings may have been due to unwinding of leveraged positions in STRC and SATA.

Strategy’s STRC preferred stock traded well below par, putting renewed attention on leverage and risk in Bitcoin-linked credit products.

The rapid recovery highlights the digital credit market's resilience but underscores the volatility and risks associated with leveraged investments. The post Strive CEO calls digital credit’s day of liquidation most difficult in history with STRC falling to $82.50 appeared first on Crypto Briefing.

According to Cole, strong collateral can sometimes encourage excessive risk-taking instead of preventing it.

In crypto news today (June 19), Bitcoin has fallen another -2% overnight, dropping below $64,000, with ETF flows bleeding once more, while Michael Saylor’s STRC stock continues to crash, fueling fears that Strategy will be forced to dump Bitcoin to stabilize the STRC price. Liquidations have picked up, with over $452M over the past 24-hours.. The post Crypto News Today (June 19): BTC Crashes Below $64K, Kalshi IPO Rumors Begin and G7 Leaders Target North Korean Crypto Hackers appeared first on 99Bitcoins.

Strive CEO Matt Cole said STRC and SATA’s sharp drops reflected forced leverage selling, not weaker credit quality, as both rebounded.