Strive CEO Seeks Market Opinion on Suspending New SATA Issuance at $100 Par Value

CoinFeed July 1 news, Strive CEO Matt Cole launched a community vote on X platform, seeking market opinion on whether to temporarily suspend the issuance of new SATA at $100 par value and let the market determine the liquidation price, provided that this is in the long-term best interests of shareholders. Cole stated that SATA short positions increased by about 1 million shares in the past 30 days, and the borrowing cost is currently around an annualized rate of 70%. He noted that the target remains at $100, but some investors seem to think that Strive will always issue new SATA at $100, thereby forming an effective price ceiling. Retaining issuance flexibility will make shorting SATA riskier and more costly, which may increase volatility in the short term but reduce long-term volatility.