Company: MSTR
Filing Date: 2025-07-31
Form Type: 424B5
Source: 0001193125-25-170517
Chunk: 14

Company: Strategy Inc
Filing Date: 2025-07-31
Form: 424B5
Chunk 14
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 than $100 per 
 share of STRC Stock.                                                                                                                                                                                                                                |

| Regular Record Dates | With respect to any regular dividend payment date, the 15th calendar day of the month in which such regular dividend payment date occurs. |

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| Regular Dividends | The STRC Stock accumulates cumulative dividends, which we refer to as “regular dividends,” at a variable rate per annum, calculated in the manner described below, on the stated amount thereof, regardless of whether or not declared or              
 funds are legally available for their payment. Subject to the other provisions described in this prospectus supplement, regular dividends will be payable when, as and if declared by our board of directors, out of funds legally available for their 
 payment, monthly in arrears on each regular dividend payment date to the preferred stockholders of record as of the close of business on the regular record date immediately preceding the applicable regular dividend payment date.                   |

| If we elect to adjust the monthly regular dividend rate per annum in the manner described above, then the adjusted monthly                                                                                                                          
 regular dividend rate will be a rate that we will choose in our sole and absolute discretion. However, we are not permitted to reduce the monthly regular dividend rate per annum that applies to any regular dividend period (i) by more than the  
 following amount from the monthly regular dividend rate per annum applicable to the prior regular dividend period: the sum of (1) 25 basis points; and (2) the excess, if any, of (x) the “monthly SOFR per annum” (as defined in                   
 this prospectus supplement) on the first business day of such prior regular dividend period, over (y) the minimum of the monthly SOFR per annum rates that occur on the business days during the period from, and including, the first business day 
 of such prior regular dividend period to, and including, the last business day of such prior regular dividend period; or (ii) to a rate per annum that is less than the                                                                             |

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| monthly SOFR per annum in effect on the business day before we provide notice of the next regular dividend rate. |

| Notwithstanding anything to the contrary, but subject to the more detailed provisions described in this prospectus supplement, we are not entitled to elect to reduce the monthly regular dividend rate per annum as                                    
 described above unless, at the time we provide the related notice referred to above, all accumulated regular dividends, if any, on the STRC Stock then outstanding for all prior completed regular dividend