MicroStrategy's Michael Saylor Says STRC Perpetual Stock Designed With AI, Targets $100 Price

According to Michael Saylor, MicroStrategy's STRC—a variable-rate perpetual preferred stock—was designed with AI assistance. Saylor stated that he spent hours with AI discussing product structure and testing different design approaches. He aimed to create a preferred stock offering monthly dividends with a stable price near $100, and AI provided the implementation pathway. According to reports, when asked about historical precedent, AI indicated no such product has existed before, though the structure is legal and feasible.
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