Company: MSTR
Filing Date: 2025-07-07
Form Type: 424B5
Source: 0001193125-25-155880
Chunk: 66

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 424B5
Chunk 66
---
 States, are taxed on a net-incomebasis at the regular rates and in the manner applicable to U.S. persons. Such non-U.S.holders generally will be required to provide to the applicable withholding agent a properly executed IRS Form W-8ECI(or a suitable substitute form) in order to claim an exemption from, or reduction in, U.S. federal withholding tax. In addition, for such a non-U.S.holder that is a corporation, a “branch profits tax” may be imposed at a 30% rate (or a reduced rate under an applicable income tax treaty) on its effectively connected earnings and profits for the taxable year, as adjusted for certain items. Sale or Redemption of Offered Shares Subject to the discussion below under “Information Reporting and Backup Withholding,” non-U.S.holders generally will not be subject to U.S. federal income or withholding tax with respect to gain, if any, recognized on a sale, exchange or other taxable disposition of the Offered Shares, other than a redemption that is treated as a distribution as discussed below, unless:

| • |     | the gain is effectively connected with the non-U.S. holder’s conduct                                                                                                      
 of a trade or business within the United States, and, if certain tax treaties apply, is attributable to a permanent establishment or fixed base within the United States; |

| • |     | the non-U.S. holder is a nonresident alien individual that is present in                                                     
 the United States for 183 or more days in the taxable year of the disposition and certain other conditions are satisfied; or |

A non-U.S.holder described in the first bullet point above generally will be subject to U.S. federal income tax on the net gain derived from the sale in the same manner as a U.S. holder. A non-U.S.holder that is a foreign corporation will be subject to tax on such gain at regular U.S. federal income tax rates and, in addition, may be subject to a branch profits tax at a 30% rate or a lower rate if so specified by an applicable income tax treaty. A non-U.S.holder described in the second bullet point above will be subject to U.S. federal income tax at a rate of 30% (or such lower rate specified by an applicable income tax treaty) on the gain recognized, which may be S-46

offset by certain U.S. source capital losses of the non-U.S. holder (even though the individual is not considered a resident of the United States),
provided the