ChatGPT Helps Strategy Raise $15 Billion for Bitcoin Strategy

Strategy's ambitious plan to raise $15 billion for its Bitcoin strategy has been made possible by artificial intelligence, according to Michael Saylor.

In an interview, Saylor revealed that his company turned to AI after exhausting traditional financing options. By early 2025, Strategy had already become one of the largest issuers of convertible bonds tied to its Bitcoin strategy and needed a new type of security to continue expanding its treasury position.

The executive explained that no one had previously created a Bitcoin-backed preferred stock with the specific features Strategy wanted to include. Saylor stated that OpenAI's ChatGPT helped evaluate legal, financial, and structural possibilities for what became the STRK convertible preferred stock.

The AI suggested ways to implement unconventional features, including mechanisms intended to help the instrument trade more like a short-duration credit product than a volatile equity security. The preferred stock launch became a $2.5 billion initial offering, followed by additional sales through a shelf registration.