Strategy Chairman Saylor Discloses ChatGPT Use in STRC Design

Michael Saylor, chairman of Strategy, disclosed in a Coindesk interview on the 19th that he used OpenAI's ChatGPT when designing the company's STRC preferred stock product. Saylor stated he engaged in dialogue with artificial intelligence to create the financial structure, saying he could not have completed the design alone. Strategy is the world's largest corporate holder of Bitcoin and uses proceeds from STRC to fund BTC purchases.

Saylor Describes AI-Assisted Design Process

According to Coindesk on the 19th, Saylor explained in the interview: "When creating STRC, I directly designed the related structure, but I couldn't have done it alone. I proceeded with the design work by exchanging dialogue with artificial intelligence."

He continued: "I told the AI, 'I want to create a preferred stock that pays monthly dividends, and I want the price to remain stable at around the $100 level.'" When the interviewer asked if he used ChatGPT to design the new product structure, Saylor responded: "I argued with it and asked, 'Can I do this?'"

STRC Structure and Funding Purpose

STRC is a floating-rate perpetual preferred stock issued with a $100 reference price. Strategy uses funds raised through this product as capital for Bitcoin purchases.

STRC Trading Performance on the 19th

According to Yahoo Finance on the 19th, STRC closed trading at $88.59 (approximately 136,200 won), down 0.46% from the previous day. During the session, the stock fell to $82.53 (approximately 126,900 won), marking a new 52-week low.

FAQ

What did Michael Saylor disclose about STRC design? Michael Saylor disclosed in a Coindesk interview on the 19th that he used OpenAI's ChatGPT when designing Strategy's STRC preferred stock product. He stated he engaged in dialogue with the AI to create the financial structure and could not have completed the design alone.

How did STRC perform in trading on the 19th? On the 19th, STRC closed at $88.59, down 0.46% from the previous day. During the session, it fell to $82.53, marking a new 52-week low, according to Yahoo Finance.