Michael Saylor: Strategy plans to launch AI-designed STRF preferred stock

Odaily Planet Daily News Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor stated that the company's latest issuance of STRF (Series A Perpetual Strife Preferred Stock) preferred stock may be the first security product designed by artificial intelligence. This preferred stock aims to raise funds for further purchases of Bitcoin, offering a fixed cash dividend of 10% per year. If unpaid, interest will compound at an additional rate of 1% per year, up to a maximum of 18%. Michael Saylor emphasized that the design of STRF incorporates applications of artificial intelligence in financial engineering, aimed at optimizing capital structure and enhancing investor returns. He believes this marks a significant breakthrough for artificial intelligence in the field of security design. (The Block)