Company: MSTR
Filing Date: 2025-03-10
Form Type: 424B5
Source: 0001193125-25-050408
Chunk: 19

Company: Strategy Inc
Filing Date: 2025-03-10
Form: 424B5
Chunk 19
---
 B common stock issued and 
 outstanding as of March 6, 2025;                                                                                |

| • |     | 5,513,489 shares of class A common stock potentially issuable as of March 6, 2025 upon conversion of our    
 0.625% Convertible Senior Notes due 2028, subject to adjustment in accordance with the terms of such notes; |

| • |     | 4,461,600 shares of class A common stock potentially issuable as of March 6, 2025 upon conversion of our 0% 
 Convertible Senior Notes due 2029, subject to adjustment in accordance with the terms of such notes;        |

| • |     | 5,341,600 shares of class A common stock potentially issuable as of March 6, 2025 upon conversion of our    
 0.625% Convertible Senior Notes due 2030, subject to adjustment in accordance with the terms of such notes; |

| • |     | 4,614,400 shares of class A common stock potentially issuable as of March 6, 2025 upon conversion of our  
 0.0% Convertible Senior Notes due 2030, subject to adjustment in accordance with the terms of such notes; |

| • |     | 2,594,314 shares of class A common stock potentially issuable as of March 6, 2025 upon conversion of our    
 0.875% Convertible Senior Notes due 2031, subject to adjustment in accordance with the terms of such notes; |

| • |     | 3,915,200 shares of class A common stock potentially issuable as of March 6, 2025 upon conversion of our       
 2.25% Convertible Senior Notes due 2032, subject to adjustment in accordance with the terms of such notes; and |

| • |     | 13,706,265 shares of class A common stock which remain available for sale as of March 6, 2025 (assuming such                                                                                                                              
 shares are sold at $304.11 per share, the last reported sale price of our class A common stock as reported on The Nasdaq Global Select Market on March 6, 2025), under the Sales Agreement dated as of October 30, 2024, by and among the 
 Company, TD Securities (USA) LLC, Barclays Capital Inc., The Benchmark Company, LLC, BTIG, LLC, Canaccord Genuity LLC