Company: MSTR
Filing Date: 2025-07-07
Form Type: 424B5
Source: 0001193125-25-155880
Chunk: 89

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 424B5
Chunk 89
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.S. federal income tax purposes will be described in the applicable prospectus supplement. -13-

We may issue debt securities with the principal amount payable on any principal payment date, or the amount of interest payable on any interest payment date, to be determined by reference to one or more currency exchange rates, securities or baskets of securities, commodity prices or indices. You may receive a payment of principal on any principal payment date, or a payment of interest on any interest payment date, that is greater than or less than the amount of principal or interest otherwise payable on such dates, depending on the value on such dates of the applicable currency, security or basket of securities, commodity or index. Information as to the methods for determining the amount of principal or interest payable on any date, the currencies, securities or baskets of securities, commodities or indices to which the amount payable on such date is linked and certain related tax considerations will be set forth in the applicable prospectus supplement. Certain Terms of the Senior Debt Securities Covenants.Unless we indicate otherwise in a prospectus supplement with respect to a particular series of senior debt securities, the senior debt securities will not contain any financial or restrictive covenants, including covenants restricting either us or any of our subsidiaries from incurring, issuing, assuming or guaranteeing any indebtedness secured by a lien on any of our or our subsidiaries’ property or capital stock, or restricting either us or any of our subsidiaries from entering into sale and leaseback transactions. Consolidation, Merger and Sale of Assets.Unless we indicate otherwise in a prospectus supplement with respect to a particular series of senior debt securities, we may not consolidate with or merge into any other person, in a transaction in which we are not the surviving corporation, or convey, transfer or lease our properties and assets substantially as an entirety to any person, in either case, unless:

| • |     | the successor entity, if any, is a U.S. corporation, limited liability company, partnership or trust; |

| • |     | the successor entity assumes our obligations on the senior debt securities and under the senior indenture; |

| • |     | immediately after giving effect to the transaction, no default or event of default shall have occurred and be 
 continuing; and                                                                                               |

| • |     | we have delivered to the senior trustee an officer’s certificate and an opinion of counsel, each stating                                                                                                                                                
 that the consolidation, merger, conveyance, transfer or lease and, if a supplemental indenture is required in connection with such transaction,