Michael Saylor Says ChatGPT Helped Strategy Raise $15B for Bitcoin

• Strategy used ChatGPT to help design preferred stock instruments for Bitcoin funding.
• Strategy’s preferred-stock suite has raised roughly $15 billion for BTC acquisitions. 
• Strategy sold 1,690 BTC, repurchased STRC shares, and added $650M to its USD reserve.

Michael Saylor says Strategy used artificial intelligence to develop a new preferred stock instrument that helped the company raise $15 billion for Bitcoin purchases, giving it another way to expand its BTC holdings. 

Saylor, Strategy’s executive chairman and co-founder, revealed the approach during an August 2026 episode of The Diary of a CEO. He explained that the company turned to AI after traditional stock sales and convertible debt offered limited capacity, using ChatGPT to help design preferred stock platforms that function as hybrid credit products.

Saylor Says AI Helped Create STRK and Raise $15 Billion

Saylor turned to generative AI, specifically ChatGPT from OpenAI, as a brainstorming and design tool. Instead of the model performing routine tasks, he was interested in experimenting to find out if a new hybrid preferred stock was feasible within the current securities rules. STRK served as the proof-of-concept for AI-assisted preferred-stock design.

The strategy was then extended to other preferred-stock instruments, including STRC (the Variable Rate Series A Perpetual Stretch Preferred Stock). Its July 2025 IPO raised approximately $2.47–$2.52 billion net, while subsequent at-the-market (ATM) sales increased the total notional amount to about $10.5 billion. Additional sources of capital were obtained from other preferred series such as STRF, STRD, and euro-denominated STRE.

Taken together, the preferred-stock suite, beginning with the AI-influenced design of STRK and expanding through related products, enabled Strategy to raise roughly $15 billion in capital that was directed primarily toward Bitcoin acquisitions. Saylor, who owns 4% of all Bitcoin, said, “I Made $15 Billion By Using ChatGPT.”

What’s Next for Strategy’s Bitcoin Accumulation? 

As of August 9, 2026, Strategy held 840,447 BTC, which cost approximately $63.36 billion at an average of $75,385 per bitcoin. The firm had sold 1,690 BTC for approximately $108.6 million and repurchased 1.15 million shares of STRC. Separately, MSTR sales raised $653.1 million, with $650 million added to its USD reserve.

Strategy’s near-term objective is restoring and maintaining STRC near its $99–$100 stated par value. According to management, STRC is the major funding source for future Bitcoin purchases. The strategy represents a move towards Saylor’s ‘digital credit capital stack’, which involves AI-driven financial product design, preferred capital, selective monetization and an increasing USD reserve.

As long as Bitcoin’s long-term appreciation rate exceeds the preferred funding cost, Saylor says the structure will allow for “perpetual net accumulation.” Strategy is focused on digital credit products and has substantial at-the-market capacity in common stock and preferred securities. 

Related: Michael Saylor Says Bitcoin Is Digital Capital and AI Is Digital Intelligence