Company: MSTR
Filing Date: 2025-07-07
Form Type: 424B5
Source: 0001193125-25-155880
Chunk: 59

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 424B5
Chunk 59
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 own securities held by or on behalf of DTC only through DTC participants or indirect participants in DTC. So long as DTC or its nominee is the registered owner of a global certificate, DTC or that nominee will be considered the sole owner or holder of the STRD Stock represented by that global certificate for all purposes under the certificate of designations. Except as provided below, owners of beneficial interests in a global certificate:

| • |     | will not be entitled to have STRD Stock represented by the global certificate registered in their names; |

| • |     | will not receive or be entitled to receive physical, certificated STRD Stock registered in their respective names 
 (“physical certificates”); and                                                                                    |

| • |     | will not be considered the owners or holders of the STRD Stock under the certificate of designations for any 
 purpose.                                                                                                     |

As a result, each investor who owns a beneficial interest in a global certificate must rely on the procedures of DTC (and, if the investor is not a participant or an indirect participant in DTC, on the procedures of the DTC participant through whom the investor owns its interest) to exercise any rights of a preferred stockholder under the certificate of designations. Payments on any global certificates will be made to DTC’s nominee as the registered holder of the global certificate. None of us, the transfer agent or the paying agent will have any responsibility or liability for the payment of amounts to owners of beneficial interests in a global certificate, for any aspect of the records relating to, or payments made on account of, those interests by DTC or for maintaining, supervising or reviewing any records of DTC relating to those interests. Payments by participants and indirect participants in DTC to the owners of beneficial interests in a global certificate will be governed by standing instructions and customary industry practice and will be the responsibility of those participants or indirect participants and DTC. Transfers between participants in DTC will be effected under DTC’s procedures and will be settled in same-dayfunds. S-41

Physical Certificates A global certificate will be exchanged, pursuant to customary procedures, for one or more physical certificates only if:

| • |     | DTC notifies us or the transfer agent that it is unwilling or unable to continue as depositary for such global                                                                                                   
 certificate or DTC ceases to be a “clearing agency” registered under Section 17A of the Exchange Act and, in each case, we fail to appoint a successor depositary within 90