Michael Saylor used ChatGPT as a corporate finance ideation tool to design new financial instruments that raised $15 billion for his company, Strategy.
The Problem: Strategy hit a ceiling with traditional funding tools (like standard equity and convertible debt) to buy more Bitcoin.
The AI Solution: Saylor prompted ChatGPT to brainstorm a novel hybrid financial instrument blending characteristics of debt and equity.
The Result: The AI suggested a new framework for Bitcoin-backed preferred shares (such as STRK and STRC) featuring variable monthly dividends designed to keep share prices stable.
The Outcome: Investment bankers and legal teams refined and issued these structures, raising roughly $15 billion in market capital that Strategy used to buy more Bitcoin and cover debt/dividend commitments.
Gemini TL;DR:
Michael Saylor used ChatGPT as a corporate finance ideation tool to design new financial instruments that raised $15 billion for his company, Strategy.
"Please provide copies of your actual accounting ledger books so we can ascertain the veracity of your bullshit, ser..."