Company: MSTR
Filing Date: 2025-03-10
Form Type: 424B5
Source: 0001193125-25-050408
Chunk: 1

Company: Strategy Inc
Filing Date: 2025-03-10
Form: 424B5
Chunk 1
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 between the Agents and us. There is no arrangement for funds to be received in an escrow, trust or similar arrangement. The compensation to the Agents for sales of perpetual strike preferred stock sold pursuant to the Sales Agreement will be up to 2.0% of the gross proceeds of any shares of perpetual strike preferred stock sold under the Sales Agreement. In connection with the sale of the perpetual strike preferred stock on our behalf, the selling Agents may be deemed to be “underwriters” within the meaning of the Securities Act and the compensation of the Agents may be deemed to be underwriting commissions or discounts. We have also agreed to provide indemnification and contribution to the Agents with respect to certain liabilities, including civil liabilities under the Securities Act or Securities Exchange Act of 1934, as amended (the “Exchange Act”). PERPETUAL STRIKE PREFERRED STOCK The up to $21,000,000,000 of shares of perpetual strike preferred stock that we may offer and sell under this prospectus supplement and the accompanying prospectus constitutes a further issuance of the 7,300,000 shares of perpetual strike preferred stock outstanding as of the date of this prospectus supplement. Other than the issue date, and in the case of perpetual strike preferred stock issued after March 15, 2025, the first regular dividend date, perpetual strike preferred stock that we may offer and sell under this prospectus supplement and the accompanying prospectus will have terms identical to, will have the same CUSIP number as, and will vote together with, the perpetual strike preferred stock outstanding as of the date of this prospectus supplement immediately upon issuance. The perpetual strike preferred stock accumulates cumulative dividends, which we refer to as “regular dividends,” at a rate per annum equal to 8.00% on the liquidation preference thereof, which is $100 per share of perpetual strike preferred stock. Regular dividends on the perpetual strike preferred stock are payable when, as and if declared by our board of directors, out of funds legally available for their payment to the extent paid in cash, quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, beginning on March 31, 2025. Declared regular dividends on the perpetual strike preferred stock are payable, at our election, in cash, shares of our class A common stock or a combination of cash and shares of our class A common stock, in the manner, and subject to the provisions, described in this prospectus supplement. Subject to certain limitations,