Odaily Planet Daily News Encryption KOL Adam Cochran said that MicroStrategy issued convertible notes due in 2025 and 2028 with expected revenue of US$120 million and a cost of approximately US$188 million. MicroStrategy faced US$36 million in debt interest. Cochran highlighted that if MicroStrategy fails to pay the convertible note in 2025, it will convert into equity in the company worth $725 million, resulting in approximately 15% dilution for original shareholders.