SATA’s $100 target hasn’t changed, but the release schedule will have to play it by ear—Strive is saying the quiet part out loud this time, with plenty of room to move.

Wu says that Strive CEO Matt Cole tweeted that maintaining the SATA target at $100 and reducing long-term volatility remains the core goal, but unless otherwise communicated, investors should not assume that Strive will automatically issue new SATA shares at $100; under normal market conditions, this could still happen, but Strive does not consider current market conditions to be normal. Strive believes that retaining flexibility around the $100 issuance aligns with shareholders' long-term interests and SATA's long-term stability; the suspension of issuance or other actions will be determined based on management's judgment, and will not be pre-announced with specific operations. Strive expects to consider short positions, borrowing costs, and other market data, but the analysis will not be limited to a single indicator.