Adam Cochran, a partner of CEHV and a well-known figure in the cryptocurrency field, recently analyzed the unstable financial situation of MicroStrategy, a company led by Michael Saylor that is known for holding a large amount of Bitcoin. Cochran outlined the company's obligations regarding convertible notes in 2025 and 2028 in a series of tweets on October 9, 2023.
These notes have had their liquidity terms advanced, allowing them to be deferred until 2025. MicroStrategy's total debt is approximately $188 million, with expected revenue compared to costs of $120 million, but it still faces $36 million in interest payments.
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