Saylor Credits AI with Designing Record-Breaking $15 Billion Security

Michael Saylor, Executive Chairman of Strategy, claims he used ChatGPT to help design a Bitcoin-backed preferred stock that raised over $15 billion. This financial instrument, called STRK, is a convertible preferred stock with a variable monthly dividend rate.

No one in history has created such a structure before, and it helped raise $10.5 billion from one instrument, plus roughly $4 billion more, totaling the $15 billion Saylor credits to AI.

Saylor also defended his decision to sell some of Strategy's Bitcoin holdings, which critics argued was too large and could crash the asset or its own stock.

He sold Bitcoin near $59,000 in response, and the price rose afterward. Strategy later confirmed a sale of more than 1,600 Bitcoin in one week.