Can ChatGPT Really Invent a $15 Billion Security? Michael Saylor Says Yes
Michael Saylor says he used ChatGPT to help design a Bitcoin (BTC)-backed preferred stock. It raised over $15 billion for Strategy, a financial instrument nobody in history had built before.
Speaking with Steven Bartlett on The Diary of a CEO, Saylor also defended a recent Bitcoin sale. He then doubled down on a bold Bitcoin price prediction stretching two decades.
ChatGPT used as a historic $15 Billion funding tool
By early 2025, Strategy already held about $30 billion in Bitcoin. It had also become the largest issuer of convertible bonds in the world, maxing out that market. Saylor needed a new instrument, so he turned to OpenAI's chatbot.
"We go to the AI. We said, well, can we do it? They're like, of course you can do it. Just do this, this, and this, and this, and that," Michael Saylor, Executive Chairman, Strategy, said on YouTube
The result was STRK, a convertible preferred stock, followed by a version with a variable monthly dividend rate.
"In the history of the world, no one ever created a variable dividend rate preferred stock," Saylor said.
โฆ Continue reading the full article at the original source below.
