Company: MSTR
Filing Date: 2025-03-10
Form Type: 424B5
Source: 0001193125-25-050408
Chunk: 27

Company: Strategy Inc
Filing Date: 2025-03-10
Form: 424B5
Chunk 27
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 the preceding sentence have been adjusted to reflect our 10-for-1stock split by means of stock dividend, following which trading of our class A common stock commenced on a split-adjusted basis at market open on August 8, 2024. The market price of our class A common stock may fluctuate widely in response to various factors, some of which are beyond our control. These factors include, but are not limited to:

| • |     | fluctuations in the price of bitcoin, of which we have significant holdings, and in which we expect we will 
 continue to make significant purchases and announcements about our transactions in bitcoin;                 |

| • |     | changes to our bitcoin strategy; |

| • |     | announcement of additional capital raising transactions; |

| • |     | regulatory, commercial and technical developments related to bitcoin or the Bitcoin blockchain; |

| • |     | quarterly variations in our results of operations or those of our competitors; |

| • |     | announcements about our earnings that are not in line with analyst expectations, the likelihood of which may be             
 enhanced because it is our policy not to give guidance relating to our anticipated financial performance in future periods; |

| • |     | announcements by us or our competitors of acquisitions, dispositions, new offerings, significant contracts, 
 commercial relationships, or capital commitments;                                                           |

| • |     | our ability to develop, market, and deliver new and enhanced offerings on a timely basis; |

| • |     | commencement of, or our involvement in, litigation; |

| • |     | recommendations by securities analysts or changes in earnings estimates and our ability to meet those estimates; |

| • |     | investor perception of our Company, including as compared to investment vehicles that are designed to track the 
 price of bitcoin, such as spot bitcoin exchange-traded products;                                                |

| • |     | announcements by our competitors of their earnings that are not in line with analyst expectations; |

| • |     | the volume of shares of our class A common stock, perpetual strike preferred stock and other securities available 
 for public sale;                                                                                                  |

| • |     | sales or purchases of stock by us or by our stockholders and issuances of awards under our equity incentive plan; 
 and                                                                                                               |

S-21

| • |     | general economic conditions and slow or negative growth of related markets, including as a result of war,                              
 terrorism, infectious diseases (such as COVID-19), natural disasters and other global events, and government responses to