Company: MSTR
Filing Date: 2025-01-27
Form Type: S-3ASR
Source: 0001193125-25-012707
Chunk: 54

Company: Strategy Inc
Filing Date: 2025-01-27
Form: S-3ASR
Chunk 54
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 a seller to the purchaser and will be considered to offer or sell such      
 securities to such purchaser:                                                                                                                                                                                                                         |

| (i) | any preliminary prospectus or prospectus of such undersigned Registrant relating to the offering required to be 
 filed pursuant to Rule 424;                                                                                     |

| (ii) | any free writing prospectus relating to the offering prepared by or on behalf of such undersigned Registrant or 
 used or referred to by such undersigned Registrant;                                                             |

| (iii) | the portion of any other free writing prospectus relating to the offering containing material information about 
 such undersigned Registrant or its securities provided by or on behalf of such undersigned Registrant; and      |

| (iv) | any other communication that is an offer in the offering made by such undersigned Registrant to the purchaser. |

| (6) | That, for purposes of determining any liability under the Securities Act: |

| (i) | the information omitted from the form of prospectus filed as part of the registration statement in reliance                                                                                                                                 
 upon Rule 430A and contained in the form of prospectus filed by the Registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of the registration statement as of the time it was declared 
 effective; and                                                                                                                                                                                                                              |

| (ii) | each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration                                                            
 statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. |

| (b) | The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the                                                                                                                                
 Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the 
 Exchange Act) that is incorporated by reference in this registration statement                                                                                                                                                        |

-II-4-

| shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide 
 offering thereof.                                                                                                                                                                           |

| (c) | The undersigned Registrant hereby undertakes to file an application for the purpose of determining the                                                                                                                         
 eligibility of the trustee to act