Strive CEO: The company has zero debt and can survive even if Bitcoin drops to 1 cent

TechFlow reports, on November 14, according to Stocktwits, Bitcoin treasury company Strive (ASST) CEO Matt Cole stated on the Pomp Podcast that even if Bitcoin were to truly fall to 1 cent, Strive would survive because the company relies exclusively on preferred share financing, carries no debt that could force coin sales, and has "no liquidation point." Cole said the company planned for an 80% drop in Bitcoin, with its balance sheet comprising approximately 85% to 90% in Bitcoin and 10% to 15% in cash, allowing it to endure any historical bear market without selling Bitcoin. Strive currently issues two perpetual preferred shares: SATA carries a floating dividend rate of 13%, which will rise to 13.25% in December, and SATS carries a dividend rate of 15%. The report notes that Strive holds 43,153 BTC at an average cost of approximately $87,821, representing an unrealized loss of about 24% based on a current price of roughly $67,018.