Michael Saylor Credits AI for $15 Billion Bitcoin Funding Strategy

Michael Saylor recently revealed that he used ChatGPT to help create a new type of financial instrument. After maxing out the convertible bond market to fund Bitcoin purchases, Saylor needed a fresh way to raise capital. He turned to the AI to draft a convertible preferred stock with a variable monthly dividend rate, a structure he claims has never been used in financial history. This innovation helped his company bring in roughly $15 billion in new funding.

During a recent interview, Saylor also addressed concerns about his company selling small amounts of Bitcoin. Critics argued that selling could impact market stability or signal a lack of confidence. Saylor explained that the sales were necessary to prove that the company could manage its assets and meet dividend obligations. He noted that the move helped address worries about the company growing its stock load too quickly.

Looking toward the future, Saylor remains incredibly bullish on Bitcoin. He maintains a long term prediction that the asset could appreciate by 30 percent annually for the next two decades. Based on his math, this growth trajectory would put the price of Bitcoin near $12 million by 2046. While some market analysts remain skeptical of such high targets, Saylor continues to focus on using new technology to push his institutional buying strategy forward.