Company: MSTR
Filing Date: 2025-11-04
Form Type: 424B2
Source: 0001193125-25-263653
Chunk: 3

Company: Strategy Inc
Filing Date: 2025-11-04
Form: 424B2
Chunk 3
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us supplement is part of a registration statement that we filed with the Securities and Exchange Commission (the
“SEC”) as a “well-known seasoned issuer” as defined in Rule 405 under the Securities Act, utilizing a “shelf” registration process. By using a shelf registration statement, we may sell an unspecified amount of
securities from time to time and under this base prospectus supplement, we may from time to time sell an unspecified amount of shares of our class A common stock and one or more series of our preferred stock, at prices and on terms to be determined
by market conditions at the time of each applicable offering.

The specific terms of each class or series of securities being offered pursuant to this
base prospectus supplement, and the amount and terms of the offering thereof, are included in the annexes to this base prospectus supplement. We may from time to time authorize additional classes or series of securities to be sold pursuant to the
Sales Agreement, and in such event we will supplement this base prospectus supplement with additional annexes, each of which will describe the specific terms of the class or series of security being offered and the amount and terms of the offering
thereof.

This base prospectus supplement may add, update or change information contained in the accompanying prospectus and the annexes to this base
prospectus supplement may add, update or change information contained in this base prospectus supplement. To the extent there is a conflict between the information contained in this base prospectus supplement, on the one hand, and the information
contained in the accompanying prospectus or any document incorporated by reference herein or therein and filed prior to the date of this base prospectus supplement, on the other hand, you should rely on the information in this base prospectus
supplement, and to the extent there is a conflict between the information contained in this base prospectus supplement, on the one hand, and the information contained in an annex to this base prospectus supplement, on the other hand, you should rely
on the information contained in such annex to this base prospectus supplement; provided that, if any statement in one of these documents is inconsistent with a statement in another document having a later date—for example, a document filed
after the date of this base prospectus supplement and incorporated by reference in this prospectus—the statement in the document having the later date modifies or supersedes the earlier statement.

This prospectus contains summaries of certain provisions contained in some of the documents described herein, but reference is made to the actual documents