[Strategy Founder: STRC Is a Product I Designed Using AI, I Couldn't Have Done It Myself] BlockBeats News, June 19, Strategy (MicroStrategy) founder Michael Saylor stated in an interview with Coindesk that the company's issued "Stretch" variable-rate perpetual preferred stock, STRC, is a product he created using AI: 'All of this was designed using AI. You know, I couldn't have done it myself. Honestly, I used artificial intelligence. I spent hours going back and forth with AI, just like the rest of us, learning how to design these different things while arguing with it, asking, "Can I do this?" "Can I do that?" At some point, I said, "I want a product that prioritizes monthly interest payments, and I want it to stabilize at 100." It responded, "You can do it this way, this way, and this 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 before, but it is completely legal and entirely feasible."' Recently, the de-pegging of STRC has continued to draw attention from the community. The stock plummeted to a low of $82.7 early this morning and closed at $88.8. [Original Link]