Digital credit market hit by huge selloff as Strive CEO blames leverage liquidations (opens original article in a new tab)

The digital credit market faced a significant selloff driven by leverage liquidations, with prices rebounding after falling to intraday lows. Strive CEO Matt Cole attributed the decline to margin calls and forced selling rather than weakening credit quality, comparing the event to historical leveraged fund collapses. Both STRC and SATA showed strong buying interest during the downturn.

• Digital credit market experienced sharp selloff due to leverage liquidations, not credit quality issues
• STRC and SATA prices fell to intraday lows but rebounded with strong buying interest
• Strive CEO compared the event to historical leveraged Treasury fund blowups, emphasizing strong underlying credit fundamentals