Company: MSTR
Filing Date: 2025-03-10
Form Type: 424B5
Source: 0001193125-25-050408
Chunk: 0

Company: Strategy Inc
Filing Date: 2025-03-10
Form: 424B5
Chunk 0
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As Filed Pursuant to Rule 424(b)(5)
Registration No. 333-284510 PROSPECTUS SUPPLEMENT (To Prospectus Dated January 27, 2025) Up to $21,000,000,000 of 8.00% Series A Perpetual Strike Preferred Stock We have entered into a Sales Agreement (the “Sales Agreement”) with TD Securities (USA) LLC, Barclays Capital Inc., The Benchmark Company, LLC, BTIG, LLC, Canaccord Genuity LLC, Cantor Fitzgerald & Co., Compass Point Research & Trading, LLC, H.C. Wainwright & Co., LLC, Keefe, Bruyette & Woods, Inc., Mizuho Securities USA LLC, Santander US Capital Markets LLC, and SG Americas Securities, LLC (collectively, the “Agents”), dated March 10, 2025, relating to the sale of shares of our 8.00% Series A Perpetual Strike Preferred Stock, which we refer to as our “perpetual strike preferred stock,” offered by this prospectus supplement. In accordance with the terms of the Sales Agreement, under this prospectus supplement, we may offer and sell shares of our perpetual strike preferred stock having an aggregate offering price of up to $21,000,000,000 from time to time through one or more of the Agents, acting as our sales agents. Our perpetual strike preferred stock is listed on The Nasdaq Global Select Market under the trading symbol “STRK.” On March 7, 2025, the last reported sale price of our perpetual strike preferred stock as reported on The Nasdaq Global Select Market was $92.40 per share, and the last reported sale price of our class A common stock as reported on The Nasdaq Global Select Market was $287.18 per share. Sales of our perpetual strike preferred stock, if any, under this prospectus supplement may be made by any method that is deemed an “at the market offering” as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended (the “Securities Act”) or any other method permitted by law, which may include negotiated transactions or block trades. Our perpetual strike preferred stock will be offered and sold through the Agents over a period of time and from time to time. None of the Agents are required to sell any specific amount, but each will act as our sales agent using commercially reasonable efforts, consistent with its normal trading and sales practices, on mutually agreed terms