Company: MSTR
Filing Date: 2025-11-04
Form Type: 424B2
Source: 0001193125-25-263653
Chunk: 6

Company: Strategy Inc
Filing Date: 2025-11-04
Form: 424B2
Chunk 6
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 “predicts,” “intends,” “believes,” “forecasts,” “future,” “targeted,” “goal” and variations of such words or similar expressions are intended to identify forward-looking statements. The forward-looking statements are not historical facts, and are based upon our current expectations, beliefs, estimates and projections, and various assumptions, many of which, by their nature, are inherently uncertain and beyond our control. Our expectations, beliefs, estimates and projections are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that management’s expectations, beliefs, estimates and projections will result or be achieved and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. There are a number of risks, uncertainties and other important factors, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking statements contained in this prospectus. The principal risks, uncertainties and other important factors that have affected or may affect our business and that have caused or could cause our actual results to differ materially include the following, as well as the other risks detailed in the “Risk Factors” and “Risk Factor Updates” sections contained in this base prospectus supplement, the annexes to this base prospectus supplement, the accompanying prospectus or in documents incorporated by reference herein and therein, without limitation: Risks Related to Our Business in General

| • |     | our quarterly operating results, revenues, and expenses may fluctuate significantly, which could have an adverse 
 effect on the market prices of our securities;                                                                   |

| • |     | we may not be able to remain profitable in future periods; |

| • |     | a significant decrease in the market value of our bitcoin holdings could adversely affect our ability to satisfy 
 our financial obligations;                                                                                       |

Risks Related to Our Bitcoin Strategy and Holdings

| • |     | our bitcoin strategy exposes us to various risks, including risks associated with bitcoin; |

| • |     | bitcoin is a highly volatile asset, and fluctuations in the price of bitcoin have in the past influenced and are 
 likely to continue to influence our financial results and the market prices of our securities;                   |

| • |     | bitcoin and other digital assets are novel assets, and are subject to significant legal, commercial, regulatory 
 and technical uncertainty;                                                                                      |

| • |     | the recent increase in the availability of alternative ways to gain exposure to bitcoin and other digital assets 
 may adversely affect the market price