The speaker describes how their company used ChatGPT to develop new financing instruments for buying more Bitcoin after exhausting traditional options such as equity and convertible bonds.

What they did

• The company had already raised as much capital as it could through conventional channels.
• With lawyers and bankers unsure about untested approaches, the speaker used ChatGPT to help design new preferred-stock instruments.
• The company launched:
• STARK, raising about $500 million
• STRF, raising about $800 million
• STRD, raising about $1 billion
• The speaker says the instruments were legal, though unconventional.

The speaker’s main point

The speaker credits AI with helping solve a financing problem they could not have solved alone—but stresses that they first needed to understand the problem and know what to ask. They describe the company as selling $15 billion in credit and say AI helped design the instruments behind it.