Company: MSTR
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001193125-25-263731
Chunk: 6

Company: Strategy Inc
Filing Date: 2025-11-04
Form: 424B5
Chunk 6
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385,000 shares. All amounts in 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; |

| • |     | failure by us to meet our targets or published guidance for our bitcoin strategy, capital plan, and financial 
 results;                                                                                                      |

| • |     | 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; |

| • |     | 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, and other companies that pursue strategies similar to ours of acquiring bitcoin or other digital assets; |

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

SA-3

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

| • |     | failure by us to declare dividends on our preferred stock in expected amounts or at all; |

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