MicroStrategy Used ChatGPT to Design STRC Preferred Stock, Saylor Says Today

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According to CoinDesk, MicroStrategy CEO Michael Saylor confirmed on June 19 that ChatGPT was utilized in the design process of STRC, the company's preferred stock offering. In an interview, Saylor stated he worked directly on STRC's structure by conversing with the AI, saying he told it he wanted to create a preferred stock with monthly dividends and a stable price of around $100. STRC is a floating-rate perpetual preferred stock with a base price of $100, with proceeds used to fund MicroStrategy's Bitcoin purchases.
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