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'Most difficult day in the history of digital credit': Strive CEO says leverage liquidation drove STRC and SATA selloff
STRC and SATA, designed to trade near a $100 par value, fell to significant lows on Thursday before partially recovering.
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decrypt.co
Everyday Savers Bet Big on Bitcoin Giant Strategy's STRC—Now It's Falling - Decrypt
Everyday investors that own Strategy’s STRC have been drawn to double-digit yields, but the preferred stock’s volatility has shaken some.
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coindesk.com
Digital credit market hit by record selloff as Strive CEO blames leverage liquidations
Matt Cole says forced selling from leveraged investors pushed STRC and SATA sharply lower before both rebounded.
