Michael Saylor: STRC Designed with AI Assistance, Claims No Similar Product Has Ever Been Launched

Odaily Strategy founder Michael Saylor stated that the company's newly issued variable-rate perpetual preferred stock, STRC (Stretch), was designed with the assistance of artificial intelligence.

Saylor mentioned that he engaged in several hours of discussion with AI regarding the product structure and continuously verified the feasibility of different design approaches. He expressed a desire to create a preferred stock product that "pays monthly dividends and maintains a stable price around $100," and the AI provided a specific implementation path. When asked about precedents for similar products, the AI responded after searching that "nobody has ever done this before in history, but the plan is legal and feasible." (CoinDesk)