STRC and SATA Plunge Triggered by Margin Calls, Says Cole

TLDR Strive CEO Matt Cole said leveraged liquidations, not credit issues, caused the sharp declines in STRC and SATA. STRC dropped to $82.50, while SATA fell into the low $90s before both securities rebounded. Cole compared the sell-off to past leveraged Treasury trade unwinds driven by margin calls. Strive’s dividend reserves remained untouched during the [...]

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