Strive CEO Matt Cole said Bitcoin’s drop to around $68,000 presented an opportunity to increase Bitcoin exposure as it neared its 200-week moving average. Cole said Strive can continue issuing preferred stock during market downturns to boost the company’s Bitcoin accumulation rate, which currently exceeds 70%. He said Strive’s ASST share price is up about 51% this year, while Bitcoin is down about 19%. Cole believes market prices have yet to fully reflect Strive’s capital structure and potential long-term returns.
