Strategy founder: STRC is a product I designed using AI; I couldn't have made it myself.

BlockBeats news, June 19 — Strategy (MicroStrategy) Michael Saylor stated in an interview with Coindesk that the company's issued "Stretch" variable rate perpetual preferred stock STRC is a product created using AI:

I designed all of these using AI—you know, I couldn't have done it on my own. Honestly, I used artificial intelligence and spent hours going back and forth with AI, just like everyone else, learning how to design these various things, arguing with it, asking, "Can I do this?" "Can I do that?" At some point, I said: "I want a priority product with monthly interest payments, and I want it to stay stable at 100." It replied: "You can do it this way, this way, and that way." I asked: "Has anyone ever done this before?" Then it scanned for ten minutes and told me: "No one in world history has ever done this, but it is completely legal and entirely feasible."

Recently, the depegging of STRC has continued to draw attention from the community. Early this morning, the stock plummeted to a low of $82.7, closing at $88.8.