PANews|7月 01, 2026 01:33
[Strive CEO Seeks Market Feedback on Pausing New SATA Issuance at $100 Face Value]
Strive CEO Matt Cole initiated a community poll on the X platform to gather market feedback on whether to temporarily pause the issuance of new SATA at a $100 face value and let the market determine the clearing price, provided that this move aligns with the long-term best interests of shareholders.
Cole stated that over the past 30 days, short positions in SATA have increased by approximately 1 million shares, with borrowing costs currently at an annualized rate of about 70%. He noted that the target remains at $100, but some investors seem to believe that Strive will always issue new SATA at $100, effectively creating a price ceiling. Retaining flexibility in issuance would make shorting SATA riskier and more costly, which could increase short-term volatility but reduce long-term volatility.
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