Company: MSTR
Filing Date: 2025-07-07
Form Type: 424B5
Source: 0001193125-25-155880
Chunk: 96

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 424B5
Chunk 96
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 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;                 |

| • |     | to make any change to the senior debt securities of any series so long as no senior debt securities of such 
 series are outstanding; or                                                                                  |

| • |     | to make any change that does not adversely affect the rights of any holder in any material respect. |

Other amendments and modifications of the senior indenture or the senior debt securities issued may be made, and our compliance with any provision of the senior indenture with respect to any series of senior debt securities may be waived, with the consent of the holders of a majority of the aggregate principal amount of the outstanding senior debt securities of each series affected by the amendment or modification (voting as separate series); provided, however, that each affected holder must consent to any modification, amendment or waiver that:

| • |     | extends the final maturity of any senior debt securities of such series; |

| • |     | reduces the principal amount of any senior debt securities of such series; |

| • |     | reduces the rate, or extends the time for payment of, interest on any senior debt securities of such series; |

| • |     | reduces the amount payable upon the redemption of any senior debt securities of such series; |

| • |     | changes the currency of payment of principal of or interest on any senior debt securities of such series; |

| • |     | reduces the principal amount of original issue discount securities payable upon acceleration of maturity or the 
 amount provable in bankruptcy;                                                                                  |

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| • |     | waives