Company: MSTR
Filing Date: 2025-11-04
Form Type: 424B2
Source: 0001193125-25-263653
Chunk: 39

Company: Strategy Inc
Filing Date: 2025-11-04
Form: 424B2
Chunk 39
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ure or the senior debt securities of any series without the consent of any holder:

| • |     | to convey, transfer, assign, mortgage or pledge any assets as security for the senior debt securities of one or 
 more series;                                                                                                    |

| • |     | to evidence the succession of a corporation, limited liability company, partnership or trust to us, and the                                                                                            
 assumption by such successor of our covenants, agreements and obligations under the senior indenture or to otherwise comply with the covenant relating to mergers, consolidations and sales of assets; |

| • |     | to comply with the requirements of the SEC in order to effect or maintain the qualification of the senior 
 indenture under the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”);                  |

| • |     | to add to our covenants such new covenants, restrictions, conditions or provisions for the protection of the                                                                       
 holders, and to make the occurrence, or the occurrence and continuance, of a default in any such additional covenants, restrictions, conditions or provisions an event of default; |

| • |     | to cure any ambiguity, defect or inconsistency in the senior indenture or in any supplemental indenture or to                                                                                
 conform the senior indenture or the senior debt securities to the description of senior debt securities of such series set forth in this prospectus or any applicable prospectus supplement; |

| • |     | to establish the form or forms or terms of the senior debt securities as permitted by the senior indenture; |

| • |     | to evidence and provide for the acceptance of appointment under the senior indenture by a successor trustee, or                                            
 to make such changes as shall be necessary to provide for or facilitate the administration of the trusts in the senior indenture by more than one trustee; |

| • |     | to add to, change or eliminate any of the provisions of the senior indenture in respect of one or more series of                                                                                                                                  
 senior debt securities, provided that any such addition, change or elimination shall (a) neither (1) apply to any senior debt security of any series created prior to the execution of such supplemental indenture and entitled to the benefit of 
 such provision nor (2) modify the rights of the holder of any such senior debt security with respect to such provision or (b) become effective only when there is no senior debt security described in clause (a)(1) outstanding;                 |

| • |     |