ChatGPT Helps Strategy Raise $15 Billion for Massive Bitcoin Purchases
Strategy's Executive Chairman Michael Saylor has revealed that artificial intelligence (AI) tool ChatGPT played a significant role in helping the company develop new financing structures for its massive Bitcoin purchases.
Saylor said on The Diary of a CEO podcast with Steven Bartlett that using ChatGPT helped him make around $15 billion through preferred stock and other capital markets offerings.
The company has raised about $65 billion in total, with most of the proceeds used to acquire Bitcoin. Strategy currently holds 842,138 BTC, making it the world's largest corporate holder of the cryptocurrency.