Strive CEO: Digital Credit Price Volatility Driven by Leverage Liquidation Events, Not Underlying Credit Quality Deterioration

Strive CEO posted on platform X, stating that today is the most challenging day in the history of digital credit. STRC traded as low as $82.50 before rebounding significantly, while SATA fell from near par value to the low $90 range before also bouncing back. What occurred today was a leverage liquidation event, not a deterioration in underlying credit quality. Strive's dividend reserves remain intact; the company is not under stress and retains the capacity to fulfill its obligations and continue executing its strategy. The credit condition of the issuer remains robust, with the underlying credit situation essentially unchanged from before today's volatility. Both STRC and SATA experienced notable buying near their intraday lows, pushing prices higher. Liquidation events are distinct from credit events, and today's price action has not altered our confidence in the long-term opportunity for digital credit.