Michael Saylor · SEC · Strategy · Bitcoin.com News
Michael Saylor Wants Tokens to Fund 10 Million New Companies
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Michael Saylor wants digital tokens to help 10 million new companies raise capital as artificial intelligence changes how businesses are built.
Key facts
- One would permit eligible offerings of up to $5 million over four years; another would permit up to $75 million in each 12-month period
- In a Sept. 26 essay on financing new companies, the executive chairman of Strategy Inc
- Michael Saylor wants digital tokens to help 10 million new companies raise capital as artificial intelligence changes how businesses are built
- The Securities and Exchange Commission (SEC) has separately proposed crypto offering exemptions
Summary
He says digital tokens could reduce the cost and delay of fundraising. Entrepreneurs may be able to build products faster with artificial intelligence, but Michael Saylor argues that raising money must become easier too. Saylor expects AI to automate work and make established products obsolete, increasing the need for new businesses and jobs. His proposal centers on digital tokens, which a company could issue to raise money under rules tailored to the offering.