Company: MSTR
Filing Date: 2025-11-04
Form Type: 424B2
Source: 0001193125-25-263653
Chunk: 5

Company: Strategy Inc
Filing Date: 2025-11-04
Form: 424B2
Chunk 5
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 and any related free writing prospectus is accurate as of the date on its respective cover or as otherwise specified therein and that any information incorporated
by reference is accurate only as of the date of the document incorporated by reference, unless we indicate otherwise, even though this base prospectus supplement, the annexes to this base prospectus supplement, the accompanying prospectus or any
related free writing prospectus is delivered, or any securities are sold, on a later date. Our business, financial condition, results of operations and prospects may have changed since those dates. This prospectus incorporates by reference, and any
free writing prospectus may contain and incorporate by reference, market data and industry statistics and forecasts that are based on independent industry publications and other publicly available information. Although we believe these sources are
reliable, we do not guarantee the accuracy or completeness of this information and we have not independently verified this information. Although we are not aware of any misstatements regarding the market and industry data presented in this
prospectus and the documents incorporated by reference in this prospectus, these estimates involve risks and uncertainties and are subject to change based on various factors, including those discussed under the headings “Risk Factors Related
to the ATM Offering Programs”, “Risk Factors” and “Risk Factor Updates” contained or incorporated by reference in this prospectus and any related free writing prospectus and under similar headings in other documents
that are incorporated by reference into this prospectus. Accordingly, investors should not place undue reliance on this information.

Unless otherwise
indicated or the context otherwise requires, references in this prospectus to “Strategy,” the “Company,” “we,” “us,” and “our” refer to Strategy Inc and its consolidated subsidiaries.

S-2

FORWARD-LOOKING STATEMENTS This prospectus, and the information incorporated by reference in this prospectus, contain certain forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical facts, including statements concerning our plans, objectives, goals, beliefs, business strategies, future events, business conditions, results of operations, financial position, business outlook, business trends and other information, may be forward-looking statements. Words such as “might,” “will,” “may,” “should,” “estimates,” “expects,” “continues,” “contemplates,” “anticipates,” “projects,” “plans,” “potential,”