Odaily News Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), said that the company's newly issued STRF (Series A Perpetual Strife Preferred Stock) preferred stock may be the first securities product designed by artificial intelligence. The preferred stock is intended to raise funds for further purchases of Bitcoin and provide a fixed cash dividend of 10% per year. If not paid, the interest will be compounded at an additional rate of 1% per year, up to 18%. Michael Saylor emphasized that the design of STRF combines the application of artificial intelligence in financial engineering, aiming to optimize capital structure and enhance investor returns. He believes that this marks the first major breakthrough in artificial intelligence in the field of securities design. (The Block)