Founder of Strategy: STRC is a product designed by AI, something I couldn't have done myself

June 19: Michael Saylor, representing Strategy, revealed in an interview with Coindesk that his company’s newly issued Stretch variable-rate perpetual preferred stock (ticker: STRC) was fully designed using artificial intelligence. Saylor explained, “I can’t take full credit for this—every part of it was built with AI. I spent hours back-and-forthing with it, just like everyone else does, learning to craft these products and even debating ideas: ‘Can I make this work? Can I add that feature?’ At one point, I told it, ‘I want a product that pays monthly interest first, and I need it to hold steady at a base price of 100.’ The AI responded, ‘You can pull this off, here’s how.’ When I asked if anyone had ever created something like this before, it ran a scan for 10 minutes and said, ‘No one in history has done this—but it’s completely legal and totally feasible.’” Lately, the financial and crypto community has been closely tracking STRC amid concerns about its deviation from its intended price anchor. Early today, the stock plummeted to a low of $82.7 before closing at $88.8.