Michael Saylor redefines the rules of financial game. The head of Strategy announces that the new preferred stocks of his company, named Strike (STRK) and Strife (STRF), would be the first-ever securities designed with the help of artificial intelligence. And their goal is clear: raise billions to keep buying more Bitcoin.
AI Creates Strike and Strife Stocks for Strategy to Accumulate BTC
AI plays a pivotal role in designing these unique securities. Launching earlier this year, the operation aims to raise up to 84 billion dollars, half in stocks, half in debt. The two new preferred stocks, STRK and STRF, offer respective annual returns of 13% and 10%, as well as unprecedented features such as perpetual dividends and purchase options, mechanisms almost absent from traditional products.
[AI] doesn’t give me an immediately actionable response, but it offers me 80 to 95% of the solution, which I then pass on to our finance and legal teams.
When AI Meets Wall Street
Far from just generating speeches, artificial intelligence was used from the very beginning in the legal and financial design phase of the securities. “Strike and Strife are the first AI-designed securities in our industry that I know of“, says Saylor. A complex process, fraught with legal obstacles, but one that could pave the way for a new generation of financial instruments.
Bitcoin Continues at the Heart of the Strategy
This innovation aligns with the obsessive mission of Strategy: to accumulate Bitcoin. Between April 28 and May 4, the company bought another 1,895 BTC for about $180 million, funded by the sale of common shares (MSTR) and preferred stocks. In total, Strategy raised $180.3 million for this purchase.
The company now holds 555,450 bitcoins, more than 2.6% of the global supply, a position that solidifies Michael Saylor’s position as the most fervent of maximalists.
