Company: MSTR
Filing Date: 2025-01-03
Form Type: DEF 14A
Source: 0001140361-25-000231
Chunk: 173

Company: Strategy Inc
Filing Date: 2025-01-03
Form: DEF 14A
Chunk 173
---
 impairment losses during the first quarter of 2024 on bitcoin held as of December 31, 2023.

See Note 2(g), Summary of Significant Accounting Policies, and Note 4, Digital Assets, to the Consolidated Financial Statements, for further detail on accounting for digital assets.

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SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS For the years ended December 31, 2023, 2022, and 2021 (in thousands)

|                                   |     | Balance at the 
   beginning of 
     the period |     | Additions(1) |     | Deductions |     | Balance at 
 the end of 
 the period |
| Allowance for credit losses:      |     |                |     |              |     |            |     |            |
| December 31, 2023                 |     |         $2,564 |     |          797 |     |       -292 |     |     $3,069 |
| December 31, 2022                 |     |         $2,775 |     |          383 |     |       -594 |     |     $2,564 |
| December 31, 2021                 |     |         $2,760 |     |          669 |     |       -654 |     |     $2,775 |
| Deferred tax valuation allowance: |     |                |     |              |     |            |     |            |
| December 31, 2023                 |     |       $511,412 |     |          193 |     |   -510,178 |     |     $1,427 |
| December 31, 2022                 |     |           $999 |     |      510,488 |     |        -75 |     |   $511,412 |
| December 31, 2021                 |     |         $1,259 |     |            0 |     |       -260 |     |       $999 |

| (1) | Reductions in/charges to revenues and expenses. |

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Appendix F Excerpts from the Quarterly Report on Form 10-Q of MicroStrategy Incorporated quarterly period ended September 30, 2024, filed with the Securities and Exchange Commission on October 31, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D