Strive CEO: Bitcoin has fallen near the 200-week moving average, which is a good time to increase exposure

Matt Cole, the CEO of Bitcoin treasury company Strive, stated that Bitcoin has currently fallen to around $68,000, near the 200-week moving average, which historically has often been a good time to increase exposure to Bitcoin risk.

Matt Cole mentioned that Strive has been able to continue issuing preferred shares during market downturns, thereby increasing Bitcoin's growth ratio. On December 31 of last year, when Bitcoin was approximately $87,500, Strive's growth ratio was 30%; as of September 30 of this year, when Bitcoin was around $83,600, that ratio had risen to 55%; after launching SATS and experiencing this round of decline, it has now exceeded 70%.

Matt Cole also stated that since the beginning of this year, the stock price of Strive's ASST has increased by about 51%, while Bitcoin has fallen by about 19% during the same period, and the market has not yet fully reflected Strive's capital structure and long-term return potential.