Company: MSTR
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001193125-25-263759
Chunk: 50

Company: Strategy Inc
Filing Date: 2025-11-04
Form: 424B5
Chunk 50
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 rights with respect to the STRD Stock. The operations and procedures of DTC are controlled by DTC and may be changed at any time. None of us, the transfer agent or any of the Agents will be responsible for those operations or procedures. DTC has advised us that it is:

| • |     | a limited purpose trust company organized under the laws of the State of New York; |

| • |     | a “banking organization” within the meaning of the New York State Banking Law; |

| • |     | a member of the Federal Reserve System; |

| • |     | a “clearing corporation” within the meaning of the Uniform Commercial Code; and |

| • |     | a “clearing agency” registered under Section 17A of the Exchange Act. |

DTC was created to hold securities for its participants and to facilitate the clearance and settlement of securities transactions between its participants through electronic book-entry changes to the accounts of its participants. DTC’s participants include securities brokers and dealers (including the Agents), banks and trust companies, clearing corporations and other organizations. Indirect access to DTC’s book-entry system is also available to other “indirect participants,” such as banks, brokers, dealers and trust companies, who directly or indirectly clear through or maintain a custodial relationship with a DTC participant. Purchasers of STRD Stock who are not DTC participants may beneficially 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 D