Strive Says It Could Survive Bitcoin Falling to 1 Cent With No Debt Forcing Sales

Strive Inc. CEO Matt Cole said the company could survive even if Bitcoin fell to 1 cent because it has no debt that could force it to sell its Bitcoin. According to Odaily, Cole made the remarks Thursday on the Pomp Podcast, saying Strive finances itself only through preferred stock and has no price level that would trigger a forced Bitcoin liquidation; borrowing to take a long position, by contrast, can lead to liquidation after a steep price decline. Strive’s SATA preferred stock pays a floating dividend currently at about 13%, which will rise to 13.25% in December, while its SATS preferred stock pays a fixed 15% dividend.