Michael Saylor says ChatGPT helped Strategy raise $15B
Michael Saylor said ChatGPT helped him design the preferred stock financing model that enabled Strategy to raise about $15 billion for its Bitcoin-focused balance sheet. SummarySaylor credited ChatGPTwith helping develop Strategys preferred stock financing structure.Strategy raised about $15 billionthrough the securities and related capital-market activity.The company reported holding 842,138 BTCas of Aug. 2 after selling 1,638 BTC.Saylor said workers should use AI to extend their abilitiesrather than compete with automation. ChatGPT helped shape Strategys financing plan Strategy Executive Chairman Michael Saylor said he used ChatGPT to explore and develop a preferred stock financing model tied to the companys Bitcoin strategy, according to an Aug. 6 Fortune report. Saylor discussed the process during an interview with The Diary of a CEO. He said the AI chatbot helped him examine financing structures that Strategy later used to raise billions of dollars from investors. “AI helped me create $15 billion,” Saylor said. The figure reflects capital raised through Strategys preferred stock products and related financing rather than revenue generated directly by ChatGPT. The AI tool helped Saylor work through the structure, while investors, underwriters and company executives carried out the offerings. Strategy has built a group of Bitcoin-backed preferred securities, including STRC, STRK, STRF and STRD. The products give investors