Michael Saylor reveals how ChatGPT helped Strategy unlock $15 billion for its Bitcoin machine

An important story is making waves across the blockchain ecosystem. Michael Saylor says Strategy used AI to design a new class of preferred stocks that ultimately allowed the company to raise roughly $15 billion for its Bitcoin strategy. The Strategy executive chairman said he turned to AI after the company’s existing financing channels, including common-stock sales and convertible bonds, were becoming harder to scale. “I used AI to make $15 billion last year,” Saylor said during an Aug.

6 appearance on The Diary of a CEO podcast. Saylor was referring to capital raised through securities rather than $15 billion of personal income or corporate profit. He said Strategy ultimately sold about $10.

Market Dynamics

5 billion of one preferred-stock instrument and another roughly $4 billion across related products. He did not initially identify the AI system by name. Later in the discussion, after Saylor described asking an AI how Strategy could structure an unusual variable-dividend preferred stock, host Steven Bartlett asked whether he meant ChatGPT and OpenAI.

Saylor affirmed the characterization. Strategy turned to AI after its old Bitcoin playbook hit limits According to Saylor, the experiment began in early 2025 as Strategy searched for another way to finance Bitcoin purchases. By then, Saylor said the company had already pushed heavily into common-stock issuance and had become one of the world’s largest issuers of convertible bonds.

Those instruments had powered much of Strategy’s first several years of Bitcoin accumulation, but he believed neither market could support the scale of capital the company wanted to raise next. He said: “We needed to invent a new type of security, a new type of credit instrument that we could use to borrow money to buy more Bitcoin. ” He continued that he began using AI to explore the design of preferred shares, securities whose terms can combine characteristics of debt and equity.

Market Impact

That process first produced STRK, a convertible preferred stock. Strategy later moved toward a different structure designed to behave more like short-duration credit and trade close to its $100 stated value. To keep that price relatively stable, Strategy developed a preferred stock whose dividend rate could be adjusted as market conditions changed.

Saylor said the structure was unfamiliar enough that conventional advisers were skeptical. “Their answer, by the way, is no one’s ever done it before, and people don’t do that,” he said. Saylor said Strategy used AI to work through how the structure could be built within existing securities rules.

He said: “We go to the AI. We said, ‘Well, can we do it? ’ They’re like, ‘Of course you can do it.

Crypto markets are watching this development closely as investors weigh its potential impact on prices.