Michael Saylor, the founder of Strategy, revealed the details of using artificial intelligence to raise $15 billion to buy bitcoins. In an interview with The Diary Of A CEO podcast, he said that neural networks helped his team develop a completely new financial instrument – perpetual preferred shares of Strike ($STRK) and Stretch ($STRC). These securities offer a fixed yield of about 8% per annum and the possibility of conversion into ordinary shares. The mechanism of their issuance directly depends on market conditions: the higher the price relative to the nominal value of $ 100, the cheaper it is to borrow capital. However, the company has now temporarily suspended raising funds through this tool, as the shares are trading below par, which was last seen in mid-May. Saylor emphasized that AI has solved the unique task of creating a hybrid of stocks and bonds that humanity has never encountered before, and advised entrepreneurs not to compete with robots, but to use them to generate innovative ideas.

In addition to issues of technological innovation, Saylor touched upon the topic of bitcoin's investment qualities, describing it as a long-term capital asset. He noted that investors do not need highly specialized knowledge to work with this cryptocurrency. He also mentioned that the historical return on the asset is about 15% per year. According to Saylor, the simplicity and predictability of bitcoin make it a suitable tool for saving capital.

At the same time, Saylor expressed skepticism about Elon Musk's predictions about the imminent advent of the "age of abundance," where money would allegedly lose its value due to artificial intelligence. The founder of Strategy agrees that basic consumer goods and utility services will become as affordable as possible, but he is confident that scarce and desirable assets such as bitcoin or land will always retain high value. Wealth and money, in his opinion, will not be devalued. Despite the confidence in the future of cryptocurrencies, Strategy itself faced financial difficulties: the second quarter was closed with a net loss of 8.2 billion dollars. Against this background, at the end of May, management was forced for the first time in many years to start selling off part of the crypto reserve in order to maintain financial stability. Nevertheless, at the end of July, 842,138 bitcoins remained in the company's treasury, purchased for $ 63.51 billion and worth about $54.5 billion at the current exchange rate.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.