According to Svmuu News, Michael Saylor, founder of Strategy, stated that STRC (Stretch), the variable-rate perpetual preferred stock issued by the company, was designed with the assistance of artificial intelligence. Saylor said he spent hours discussing the product structure with the AI and continuously validated the feasibility of different design options. He explained that he wanted to design a preferred stock product that “pays monthly dividends and maintains a stable price around $100,” and the AI provided a specific implementation path. When asked whether there were any similar precedents, the AI responded after conducting a search: “No one has ever done this before, but the proposal is legal and feasible.” (CoinDesk)