Strive CEO on Bitcoin Plunge: Pullbacks Are a Good Time to Increase Exposure

November 13: Matt Cole, CEO of Bitcoin treasury company Strive, posted that Bitcoin has now fallen to near its 200-week moving average of about $68,000, a level that has historically often been a relatively good time to increase Bitcoin exposure.

Cole said Strive can continue to issue preferred stock during market downturns, thereby raising its Bitcoin increase ratio. On December 31 last year, when Bitcoin was about $87,500, Strive's increase ratio was 30%; as of September 30 this year, when Bitcoin was about $83,600, the ratio had risen to 55%; after launching SATS and going through this round of decline, it now exceeds 70%.

Cole also said that so far this year, Strive's ASST shares have 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.