Company: MSTR
Filing Date: 2025-07-07
Form Type: 424B5
Source: 0001193125-25-155880
Chunk: 71

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 424B5
Chunk 71
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including a protective filing) in connection with the potential
issuance of fast-pay stock with respect to any STRD Stock, we intend to provide public notice to the applicable holders of the STRD Stock, which notice may be by a press release, by publication on our investor
relations website, or by filing a current report on Form 8-K with the Securities and Exchange Commission.

Notwithstanding our intent not to issue STRD Stock that would be fast-pay stock, the rules regarding the definition of
fast-pay stock are unclear in certain respects and, therefore, the IRS could disagree with our determination and treat Offered Shares or Additional Shares as fast-pay
stock. In addition, as discussed above under “—Multiple Issuances of STRD Stock—Effect of Fungible Trading,” the treatment of any shares of STRD Stock as fast-pay stock could affect other
shares of STRD 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 STRD 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 STRD Stock as
fast-pay stock could adversely affect the trading price of all shares of STRD 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.

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.