Company: MSTR
Filing Date: 2025-07-07
Form Type: 424B5
Source: 0001193125-25-155880
Chunk: 11

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 424B5
Chunk 11
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 making advanced analytics accessible through conversational AI, Strategy One provides non-technical users with timely,
actionable insights for decision-making.

Corporate Information

We are a Delaware corporation, and our principal executive offices are located at 1850 Towers Crescent Plaza, Tysons Corner, Virginia 22182. Our telephone
number is (703) 848-8600. Our website address is www.strategy.com. Website materials are not part of, and are not incorporated by reference into, this prospectus.

Strategy, MicroStrategy, Strategy One, Strategy Auto, Intelligence Everywhere, HyperIntelligence, Strategy Consulting, Strategy Education, Strategy Cloud,
Enterprise Semantic Graph, Strategy Services, Strategy Professional Services, Strategy Support, and Intelligent Enterprise are either trademarks or registered trademarks of MicroStrategy Incorporated d/b/a Strategy and its subsidiaries in the United
States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

S-8

THE OFFERING The summary below describes the principal terms of the offering and the STRD Stock. The summary is qualified in its entirety by reference to the more detailed information appearing elsewhere in this prospectus supplement and the accompanying prospectus. Certain of the terms of the STRD Stock described below are subject to important limitations and exceptions that are described in more detail under the caption “Description of STRD Stock.” As used in this section, (i) “we,” “our” and “us” refer to MicroStrategy Incorporated d/b/a Strategy and not to its subsidiaries; and (ii) “preferred stockholder” refers to a registered holder of the STRD Stock.

| Issuer | MicroStrategy Incorporated d/b/a Strategy. |

| Securities Offered | Shares of our 10.00% Series A Perpetual Stride Preferred Stock, which we refer to as the “STRD Stock,” having an aggregate offering price of up to $4,200,000,000. |

| Manner of Offering | “At the market” offering that may be made from time to time through the Agents. See “Plan of Distribution” beginning on page S-51 of this prospectus supplement. |

| Use of Proceeds | We intend to use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin and for working capital, and may also use the net proceeds for the payment of cash dividends on our STRF Stock and STRK 
 Stock. See “Use of Proceeds” on page S-23 of this prospectus supplement.                                                                                                                                                                          |

| Bitcoin is