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How Digital Credit Assets like STRC and SATA Differ from Bitcoin or DAT Stocks
Description
Was Michael Saylor wrong to sell Bitcoin? Matt Cole breaks from his fellow critics on Strategy, S&P's junk rating on MSTR, and whether the model is breaking.
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Strive's Matt Cole had just lived through what he called the most difficult day in the history of digital credit when he sat down to defend it. STRC had touched $82.50, SATA had slipped into the low nineties, and the Bitcoin treasury trade was suddenly the most argued-over corner of crypto.
Cole came from a pension background and built Strive into one of the largest Bitcoin treasury companies around a single conviction: that structured credit can solve an income problem fiat can't. The critics, he argues, can't even agree with each other on what is actually wrong.
Was last week a leverage liquidation or a crack in the model? Did Michael Saylor quietly change his story? And is wrapping Bitcoin in preferred stock a betrayal of its ethos or the bridge most people actually need? Laura Shin pressed on all of it.
Host:
- Laura Shin, Host / Unchained
Guests:
Timestamps
🎙️ 02:07 What Strive is, and why Matt calls SATA the company's main product
🏦 10:16 Could Strive cut SATA's 13% yield without breaking par?
👥 15:45 Who is actually buying SATA, and the one buyer Matt says he's never met
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💧 27:28 What Matt thinks really drove last week's STRC drop, and why SATA didn't follow
🏛️ 31:28 Why Matt won't fault Saylor for selling, and the S&P rating he calls a joke
⚖️ 50:53 Is buying SATA un-Bitcoin? Matt answers the Mallers vs Saylor critique
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