Michael Saylor Admits to Using ChatGPT to Build STRC
Michael Saylor admitted using ChatGPT to build "STRC," a program to draft SEC filings and legal documents, cutting compliance time from hours to minutes. He also shared tips for using ChatGPT effectively.
Background
- **Michael Saylor** is the co-founder and executive chairman of **MicroStrategy**, a publicly traded business intelligence firm that has become the largest corporate holder of Bitcoin. He is one of the most prominent and vocal Bitcoin evangelists.
- **STRC (Strategy)** is the new name/branding for MicroStrategy, reflecting its pivot from software to a Bitcoin-focused strategy. Saylor recently proposed converting the company's stock to "STRC" on Nasdaq.
- Saylor admitted in an interview that he used **ChatGPT** to help draft documentation for the STRC stock conversion filing — a disclosure that matters because regulatory filings (with the SEC) are legally binding and typically prepared by lawyers. Critics see this as sloppy or risky, while Saylor framed it as a productivity hack.
- The story is relevant because it touches on a growing debate about using large language models in high-stakes legal and financial contexts where accuracy and legal accountability are critical.