Even if Bitcoin falls to 1 cent, it can still survive, Strive says the company has no debt that would force it to sell Bitcoin

Odaily News: Strive Inc. (ASST) CEO Matt Cole said Thursday on the Pomp Podcast that even if the Bitcoin price fell to 1 cent, the company could survive, because the company has no debt that could force it to sell Bitcoin. Cole said Strive has only raised funds through preferred stock, so there is no price that would trigger a forced liquidation of Bitcoin; borrowing to go long could instead be liquidated if the price falls sharply. Strive issues two types of preferred stock: SATA pays a floating dividend, currently about 13%, rising to 13.25% in December; SATS pays a fixed dividend of 15%.