Strive CEO calls BTC at 200-week moving average a buying opportunity

Matt Cole, CEO of Bitcoin treasury accumulation company Strive (ASST), said BTC has reached its 200-week moving average at around $68,000, a level he described as historically favorable for long-term investors. In a post on X, Cole said Strive’s balance-sheet structure performs well in BTC downturns, as the company raises funds through preferred share issuance without debt and does not pledge its BTC holdings as collateral, leaving it with no margin call or forced-selling risk. He added that BTC price declines and weak annual returns can be difficult for many investors, especially those less familiar with Bitcoin’s volatility, but said his long experience as a BTC investor has helped him understand that volatility. Cole said Strive was designed not only to withstand volatility but to use it to create value for common shareholders. Ahead of 2027, he said he remains positive on BTC investment prospects and views the latest pullback as more than just an opportunity, describing it as a blessing. He added that the company has repeatedly used downturns over the past year to enhance shareholder value and believes it is time to do so again.