Matt Cole: Trive considers suspending the issuance of new SATA at a face value of $100

Strive CEO Matt Cole has initiated a vote on the X platform to explore whether to suspend the issuance of new SATA at a face value of $100 to increase short selling costs and reduce long-term volatility. Matt Cole stated that SATA short positions have increased by approximately 1 million shares in the past 30 days, with borrowing costs at an annualized interest rate of around 70%. Strive's target remains at $100, but some investors believe that Strive will always issue new SATA at $100, thereby creating a price cap. Retaining issuance flexibility will make shorting SATA more risky and costly.