Company: MSTR
Filing Date: 2025-03-10
Form Type: 424B5
Source: 0001193125-25-050408
Chunk: 41

Company: Strategy Inc
Filing Date: 2025-03-10
Form: 424B5
Chunk 41
---
00% Series A Perpetual Strike Preferred Stock (the “perpetual strike preferred stock”). It
is only a summary and is not complete. The terms of our perpetual strike preferred stock are set forth in a certificate of designations (the “certificate of designations”) and our second restated certificate of incorporation (the
“certificate of incorporation”). We qualify this summary by referring you to the certificate of designations and our certificate of incorporation, because they, and not this summary, define your rights as a holder of the perpetual strike
preferred stock. We will provide you, upon written request, with a copy of the certificate of designations, which includes the form of the certificates that will represent the perpetual strike preferred stock, and our certificate of incorporation,
as provided under the captions “Where You Can Find More Information; Incorporation by Reference.”

Certain terms used in this summary are
defined below under the caption “—Definitions.” Certain other terms used in this summary are defined in the certificate of designations.

References to “we,” “us” and “our” in this section refer to MicroStrategy Incorporated d/b/a Strategy only and not to any of its
subsidiaries.

This “Description of Perpetual Strike Preferred Stock” section supplements and, to the extent inconsistent therewith, supersedes
the information in the accompanying prospectus under the caption “Description of Capital Stock.”

Generally

Our certificate of incorporation authorizes us to issue up to 1,005,000,000 shares of preferred stock, $0.001 par value per share, in one or more series, and
authorizes our board of directors to designate the preferences, rights and other terms of each series. As of the date of this prospectus supplement, 7,300,000 shares of perpetual strike preferred stock were outstanding.

The up to $21,000,000,000 of shares of perpetual strike preferred stock that we may offer and sell under this prospectus supplement and the accompanying
prospectus constitutes a further issuance of the 7,300,000 shares of perpetual strike preferred stock outstanding as of the date of this prospectus supplement. Other than the issue date, and in the case of perpetual strike preferred stock issued
after March 15, 2025, the first regular dividend date, the perpetual strike preferred stock that we may offer and sell under this prospectus supplement and the accompanying prospectus will have terms identical to, will have the same CUSIP number as,
and will vote together with, the perpetual