Strive CEO: Suggests pausing the issuance of SATA tokens at a fixed price of $100 to curb short-selling intentions

Strive CEO Matt Cole stated that, given the short-selling interest in SATA tokens has increased by about 1 million shares in the past 30 days, and the borrowing cost has currently reached about a 70% annualized rate, the company is seeking market feedback to explore whether it should suspend the strategy of issuing new SATA tokens at a fixed price of $100, instead allowing the market to determine its liquidation price.

Cole pointed out that although $100 remains the target price, some investors believe that Strive will continue to issue additional tokens at that price point, thereby creating an invisible ceiling. Retaining issuance flexibility will increase the risks and costs of short-selling SATA, and while it may exacerbate market volatility in the short term, it aims to reduce long-term volatility and curb speculative short-selling.