Strive CEO on Bitcoin's Sharp Decline: Pullbacks Are Actually a Good Opportunity to Increase Risk Exposure

Odaily reports: Matt Cole, CEO of Bitcoin treasury company Strive, posted that Bitcoin has now fallen to around $68,000, near its 200-week moving average—a level that historically has often been a good opportunity to increase Bitcoin exposure.

Matt Cole said Strive is able to continue issuing preferred stock during market downturns, thereby increasing its Bitcoin accretion rate. On December 31 of last year, when Bitcoin was around $87,500, Strive's accretion rate was 30%; as of September 30 this year, when Bitcoin was around $83,600, that rate had risen to 55%; after launching SATS and experiencing this round of decline, it has now exceeded 70%.

Matt Cole also stated that so far this year, Strive's ASST stock price has risen about 51%, while Bitcoin has fallen about 19% over the same period, and the market has not yet fully reflected Strive's capital structure and long-term return potential.