Company: MSTR
Filing Date: 2025-07-31
Form Type: 424B5
Source: 0001193125-25-170517
Chunk: 55

Company: Strategy Inc
Filing Date: 2025-07-31
Form: 424B5
Chunk 55
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 or inconsistency in the certificate of designations or the                                                                                                         
 certificates representing the STRC Stock, including the filing of a certificate of correction, or a corrected instrument, pursuant to Section 103(f) of the Delaware General Corporation Law in connection therewith; |

| • |     | provide for or confirm the issuance of additional STRC Stock pursuant to the certificate of designations; |

| • |     | provide for any transfer restrictions that apply to any shares of STRC Stock (other than the shares of STRC Stock                                                                                                                      
 issued in this offering and any shares of STRC Stock issued in exchange therefor or in substitution thereof) that, at the time of their original issuance, constitute “restricted securities” within the meaning of Rule 144 under the 
 Securities Act or that are originally issued in reliance upon Regulation S under the Securities Act; or                                                                                                                                |

| • |     | make any other change to our certificate of incorporation, the certificate of designations or the certificates                                                                                                                                            
 representing the STRC Stock that does not, individually or in the aggregate with all other such changes, adversely affect the rights of any preferred stockholder (other than preferred stockholders that have consented to such change), as such, in any 
 material respect (as determined by our board of directors in good faith).                                                                                                                                                                                 |

For the avoidance of doubt, a temporary or permanent increase in the redemption price per share of STRC Stock to be redeemed, or a temporary or permanent elimination of our right to redeem any STRC Stock, pursuant to an S-36

optional redemption, a clean-up redemption or a tax redemption will be deemed not to adversely affect the rights of any preferred stockholder as such.

Procedures for Voting and Consents

If any vote or
consent of the preferred stockholders will be held or solicited, including at a regular annual meeting or a special meeting of stockholders, then our board of directors will adopt customary rules and procedures at its discretion to govern such vote
or consent, subject to the other provisions described in this section. Such rules and procedures may include fixing a record date to determine the preferred stockholders (and, if applicable, holders of voting parity stock) that are entitled to vote
or provide consent, as applicable, rules governing the solicitation and use of proxies or written consents.

Each share of STRC Stock will be entitled to
one vote on each matter on which the holders of the STRC Stock are entitled to vote separately as a class and not together with the holders of any