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

Strive (ASST) CEO Matt Cole said the bitcoin treasury company would survive even if bitcoin fell to 1 cent, because it has no debt that could force bitcoin sales and no liquidation point, having funded itself solely through preferred stock. Cole said the balance sheet is roughly 85-90% bitcoin and 10-15% cash, and that the company planned for an 80% bitcoin drawdown and can weather any historical bear market without selling. Strive holds 43,153 BTC at an average cost of about $87,821, implying an unrealized loss of roughly 24% at a current price of about $67,018. It has two perpetual preferred shares outstanding: SATA with a floating dividend of 13% rising to 13.25% in December, and SATS at 15%. The structure matters because it removes forced-seller risk for a leveraged bitcoin holder, and investors will watch whether the preferred dividend burden remains manageable through a prolonged drawdown.