Company: MSTR
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001193125-25-263900
Chunk: 112

Company: Strategy Inc
Filing Date: 2025-11-04
Form: 424B5
Chunk 112
---

(i) the sale of all securities subject to this STRK Stock Annex, (ii) the termination of this offering in accordance with the terms of the Sales Agreement and (iii) the termination of the Sales Agreement as permitted therein.

This summary of the material provisions of the Sales Agreement does not purport to be a complete statement of its terms and conditions. A copy of the Sales
Agreement will be filed with the SEC as an exhibit to a Current Report on Form 8-K filed under the Exchange Act and will be incorporated by reference into the registration statement of which this prospectus supplement forms a part.

SA-71

LEGAL MATTERS

Certain legal matters with respect to the offering of STRK Stock will be passed upon for us by Latham & Watkins LLP. The Agents are being represented
by Davis Polk & Wardwell LLP in connection with the offerings of securities hereunder.

SA-72

8.00% Series A Perpetual Strike Preferred Stock PROSPECTUS SUPPLEMENT STRK STOCK ANNEX

| TD Securities         |     | Barclays                |     | The Benchmark Company |     | BTIG                     |
| Canaccord Genuity     |     | Cantor                  |     | Clear Street          |     | Compass Point            |
| H.C. Wainwright & Co. |     | Keefe, Bruyette & Woods 
 A Stifel Company        |     | Maxim Group LLC       |     | Mizuho                   |
| Morgan Stanley        |     | Santander               |     | SOCIETE GENERALE      |     | Texas Capital Securities |

November 4, 2025