Svmuu News: Strive CEO Matt Cole announced in a post on X that SATA will no longer automatically issue new shares/tokens at the $100 price level by default, but the core objective for SATA remains to anchor the price at $100 and minimize long-term volatility as much as possible. Matt Cole noted that, unless otherwise communicated, investors should not assume that Strive will automatically issue additional SATA at the $100 price level; however, under normal market conditions, this mechanism “may still occur.” The current market environment is “not normal,” so the company needs to retain greater flexibility in issuance decisions, which is also in line with the long-term interests of shareholders and SATA’s stability goals. Overly rigid issuance rules could be exploited by market behavior, potentially increasing volatility risks in the long run; therefore, the company will not adopt an overly rigid mechanism design.
Furthermore, any decision by Strive to suspend issuance or take other measures will be based entirely on management’s assessment of long-term shareholder interests and stability, and the company will not “pre-announce specific actions” in advance. While market data such as short interest ratios and borrowing costs will be considered, the company will not rely on any single metric.
Strive CEO Announces That the SATA Issuance Mechanism Will No Longer Automatically Increase the Supply at $100 by Default
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Source:Odaily · Source Link
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