Strive Blames Leverage Liquidations After SATA and Bitcoin Giant Strategy’s STRC Plunge – Decrypt
In brief Strive CEO Matt Cole called Thursday’s preferred equity performance the “most difficult day ever” for digital credit products. Strive’s SATA and Strategy’s STRC fell further from their par values, potentially as a result of unwinding leverage positions. The assets are designed to trade around $100, but closed the day below their marks at...
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