Strive CEO: Company Can Survive Even If Bitcoin Falls to One Cent

The claim rests less on bitcoin's resilience than on Strive's capital structure: preferred stock with no debt removes the forced-seller dynamic that defines leveraged treasury strategies. That distinction matters for holders of the preferreds, since the roughly 13% and 15% dividends must be serviced regardless of bitcoin's price, making the cost of that durability explicit. Whether the no-liquidation framing holds up as a genuine differentiator, or simply shifts risk from creditors to preferred holders, is the open question worth tracking.