The disastrous day for Bitcoin firms' preferred equity offerings may have been due to unwinding of leveraged positions in STRC and SATA.
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decrypt54d agobearish
Strive Blames Leverage Liquidations After SATA and Bitcoin Giant Strategy's STRC PlungeStocktwits71d agobearish
ASST Stock Drops After Vivek Ramaswamy’s Strive Buys 2,500 Bitcoin For $185M, Instantly Facing Paper LossesThe company also increased its cash reserve by $44 million to maintain an 18-month dividend reserve.
CryptoProwl71d agobearish
Strive Buys 2,500 Bitcoin As Price FallsInvestment management firm Strive (NASDAQ: $ASST) has acquired 2,500 additional Bitcoin (CRYPTO: $BTC) as the price...
BeInCrypto105d agobearish
Strive CEO: Bitcoin’s 50% Crash Shows Why Digital Credit Is the FutureStrive CEO Matt Cole says STRC and SATA held up better than Bitcoin during its 50% drawdown, calling both credit-worthy.