Strive's SATA token has mostly recovered its June price drop, now trading near its initial value. This recovery suggests renewed confidence in preferred-share products used by Bitcoin treasury companies, according to Jan3 CEO Samson Mow.
Strive's SATA, a preferred-share product, has seen a strong rebound, recovering most of its losses from June. It is now trading within 3% of its original par value. Samson Mow, CEO of Jan3, suggests this recovery is a positive sign. He believes it shows renewed confidence from investors in preferred-share products. These products are often used by companies that hold Bitcoin as part of their treasury. This indicates a potential shift in market sentiment towards such crypto-backed financial instruments.
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