Strive's STRC Plunges to $82.53, SATA Falls to $92.90 on Thursday Amid Leveraged Liquidation

According to Strive CEO Matt Cole, Thursday's sharp decline in Strategy's STRC and Strive's SATA perpetual preferred stocks was driven by leveraged position liquidation rather than credit quality deterioration. STRC fell to a record low of $82.53, while SATA dropped to $92.90 before both recovered intraday. Cole stated on X: "What happened today was a leverage liquidation event, not a deterioration in underlying credit quality."

Trading volume surged significantly: STRC recorded $10.6 million (average $3.6 million), while SATA saw $1.57 million (average $386,698). Cole noted substantial buying interest at lower prices drove the recovery and confirmed dividend reserves remain intact, with no deterioration in fundamentals.