ChatGPT sparked the idea for STRC
The founder of Strategy, Michael Saylor, shared that the concept for the preferred shares STRC emerged after a convo with ChatGPT.
STRC is a financial product that allows Strategy to raise funds to scoop up more bitcoin, while investors snag a fixed return.
Interestingly, this product, developed with a little help from AI, is currently in a rough patch. Its shares dipped down to about $82.50, even though their par value is $100, which pushed the yield for investors up to around 11.5%.
The founder of Strategy, Michael Saylor, shared that the concept for the preferred shares STRC emerged after a convo with ChatGPT.
STRC is a financial product that allows Strategy to raise funds to scoop up more bitcoin, while investors snag a fixed return.
Interestingly, this product, developed with a little help from AI, is currently in a rough patch. Its shares dipped down to about $82.50, even though their par value is $100, which pushed the yield for investors up to around 11.5%.