AI Fuels Strategy's $15 Billion Bitcoin Fundraising Spree
Strategy founder Michael Saylor has revealed how artificial intelligence (AI) helped his company raise $15 billion to purchase Bitcoin.
In an interview, Saylor explained that by early 2025, Strategy held about $30 billion worth of Bitcoin but its usual funding options were running out.
The company turned to AI to design new financing solutions and created STRK, a Bitcoin-backed convertible preferred stock, which raised $2.5 billion through an initial public offering (IPO) and another $8 billion through a shelf registration.