Company: MSTR
Filing Date: 2025-03-10
Form Type: 424B5
Source: 0001193125-25-050408
Chunk: 59

Company: Strategy Inc
Filing Date: 2025-03-10
Form: 424B5
Chunk 59
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 and holders of each class or series of voting parity stock, if any, with similar voting or consent rights with respect to such event, representing at least a majority of the combined outstanding voting power of the perpetual strike preferred stock and such voting parity stock, if any:

| (1) | any amendment, modification or repeal of any provision of our certificate of incorporation or the certificate                                                                                                                                             
 of designations that materially adversely affects the special rights, preferences or voting powers of the perpetual strike preferred stock (other than an amendment, modification or repeal permitted by the provisions described below under the caption 
 “—Certain Amendments Permitted Without Consent”); or                                                                                                                                                                                                      |

| (2) | our consolidation or combination with, or merger with or into, another person, or any binding or statutory 
 share exchange or reclassification involving the perpetual strike preferred stock, in each case unless:    |

| (a) | the perpetual strike preferred stock either (i) remains outstanding after such consolidation, combination,                                                                                                                                           
 merger, share exchange or reclassification; or (ii) is converted or reclassified into, or is exchanged for, or represents solely the right to receive, preference securities of the continuing, resulting or surviving person of such consolidation, 
 combination, merger, share exchange or reclassification, or the parent thereof;                                                                                                                                                                      |

| (b) | the perpetual strike preferred stock that remains outstanding or such preference securities, as applicable,                                                                                                                                              
 have rights, preferences and voting powers that, taken as a whole, are not materially less favorable (as determined by our board of directors in good faith) to the holders thereof than the rights, preferences and voting powers, taken as a whole, of 
 the perpetual strike preferred stock immediately before the consummation of such consolidation, combination, merger, share exchange or reclassification; and                                                                                             |

| (c) | the issuer of the perpetual strike preferred stock that remains outstanding or such preference securities, as                                                                                                                                             
 applicable, is a corporation duly organized and existing under the laws of the United States of America, any State thereof or the District of Columbia that, if not us, will succeed to us under the certificate of designations and the perpetual strike 
 preferred stock.                                                                                                                                                                                                                                          |

However, a consolidation, combination, merger, share exchange or reclassification that satisfies the requirements of clauses (a), (b) and (c) of paragraph (2) above will not require any vote or consent pursuant to paragraph (1) above. In addition, each of the following will be deemed not to materially