Digital credit market hit by huge selloff as Strive CEO blames leverage liquidations
2026-06-19 09:25:02
The digital credit market suffered one of its sharpest selloffs on Thursday, with Strive Asset Management CEO Matt Cole calling it a leverage-driven liquidation rather than a deterioration in credit quality. STRC, Strategy’s preferred equity, fell to $82.50 before recovering to $89, while Strive’s SATA dropped below $93 from its $100 par value and rebounded to $97, according to CoinDesk, as margin calls and forced selling hit leveraged investors. Cole said dividend reserves remain intact and cited strong buying interest off the lows.
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