Company: MSTR
Filing Date: 2025-05-22
Form Type: 424B5
Source: 0001193125-25-124554
Chunk: 79

Company: Strategy Inc
Filing Date: 2025-05-22
Form: 424B5
Chunk 79
---
 or Additional Shares as fast-pay stock. In addition, as discussed above under “—Multiple Issuances of Perpetual Strife Preferred Stock—Effect of Fungible Trading,” the treatment of any shares of Perpetual Strife
Preferred Stock as fast-pay stock could affect other shares of Perpetual Strife Preferred Stock if all such shares are indistinguishable with each other because they have the same CUSIP or other identifying
number. Accordingly, even if your Offered Shares are not fast-pay stock, if the IRS treated any shares of Perpetual Strife Preferred Stock as fast-pay stock, you might
be required to demonstrate to the IRS that you purchased your Offered Shares in a different issuance in order to avoid fast-pay stock treatment.

Furthermore, treatment of any shares of Perpetual Strife Preferred Stock as fast-pay stock could adversely affect the
trading price of all shares of Perpetual Strife Preferred Stock. Accordingly, holders are strongly urged to consult their tax advisors regarding the Fast-Pay Stock Regulations and their potential consequences
to an investment in the Offered Shares.

Information Reporting and Backup Withholding

In general, information reporting will apply with respect to the payment of distributions (including deemed distributions) on the Offered Shares and the
payment of proceeds on the sale or other taxable disposition of the Offered Shares, unless a U.S. holder is an exempt recipient such as a corporation. Backup withholding may apply to such payments unless the U.S. holder provides proof of an
applicable exemption or a correct taxpayer identification number, and otherwise complies with applicable requirements of the backup withholding rules.

S-55

We must report annually to the IRS and to each non-U.S. holder the
amount of distributions (including, for this purpose, deemed distributions) paid to such holder and any tax withheld with respect to any dividends, regardless of whether withholding was required. Copies of the information returns reporting
distributions and withholding may also be made available to the tax authorities in the country in which the non-U.S. holder resides under the provisions of an applicable income tax treaty. Non-U.S. holders may be subject to backup withholding unless the non-U.S. holder certifies on IRS Form W-8BEN or IRS Form W-8BEN-E (or a suitable substitute form) that it is not a U.S. person (and the withholding agent does not have actual knowledge or reason to know that such holder is a U.S.
person) or such holder otherwise establishes an exemption