Strategy Inc. co-founder Michael Saylor said OpenAI's ChatGPT helped Strategy design a novel preferred stock structure that ultimately enabled it to raise roughly $15 billion to purchase additional Bitcoin. How ChatGPT Helped Strategy Design a New Bitcoin Funding VehicleSpeaking on The Diary of a CEO podcast on Thursday, Saylor said he turned to ChatGPT after Strategy had largely exhausted traditional fundraising options, including equity offerings and convertible bonds, as it sought additional capital to expand its Bitcoin holdings. Don't Miss:He described using ChatGPT to explore different structures for a preferred stock, combining elements of financial engineering, securities law and digital assets. The result was, a convertible preferred stock that Saylor said was backed by the company's Bitcoin strategy. ChatGPT Made Me $15 Billion, Saylor SaysSaylor said ChatGPT helped the company refine the security's design, including a variable monthly dividend mechanism intended to keep the instrument trading near its $100 par value.