Company: MSTR
Filing Date: 2025-07-07
Form Type: 424B5
Source: 0001193125-25-155880
Chunk: 73

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 424B5
Chunk 73
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) under the Securities Act or any other method permitted by law, which may include negotiated transactions or block trades. We entered into the Sales Agreement on July 7, 2025.

Each time we wish to issue and sell shares of our STRD Stock under the Sales Agreement, we will notify an Agent of the number of shares to be issued, the
dates on which such sales are anticipated to be made, any limitation on the number of shares to be sold in any one day and any minimum price below which sales may not be made. Once we have so instructed an Agent, unless such Agent declines to accept
the terms of such notice, such Agent has agreed to use its commercially reasonable efforts consistent with its normal trading and sales practices to sell such shares up to the amount specified on such terms. The obligations of an Agent under the
Sales Agreement to sell our shares of STRD Stock are subject to a number of conditions that we must meet. We will only sell shares through one Selling Agent on any single day. Sales pursuant to the Sales Agreement may be made through an affiliate of
an Agent.

The settlement of sales of shares between us and any Selling Agent is generally anticipated to occur on the trading day following the date on
which the sale was made. Sales of our shares of STRD Stock as contemplated in this prospectus supplement will be settled through the facilities of The Depository Trust Company or by such other means as we and the Selling Agent may agree upon. There
is no arrangement for funds to be received in an escrow, trust or similar arrangement.

We will pay each Agent a commission of up to 2.0% of the aggregate
gross proceeds we receive from each sale of our shares of STRD Stock made by such Agent or its affiliated Selling Agent. Because there is no minimum offering amount required as a condition to effect this offering, the actual total public offering
amount, commissions and proceeds to us, if any, are not determinable at this time. In addition, we have agreed to reimburse the Agents for the fees and disbursements of the Agents’ counsel, payable upon execution of the Sales Agreement, in an
amount not to exceed $75,000, in addition to certain ongoing disbursements of their legal counsel. We estimate that the total expenses for the offering, excluding any commissions or expense reimbursement payable to the Agents under the terms of the
Sales Agreement, will be approximately $1.5 million. The remaining sale proceeds, after deducting any other transaction fees, will equal our net proceeds