Company: MSTR
Filing Date: 2025-07-31
Form Type: 424B5
Source: 0001193125-25-170517
Chunk: 16

Company: Strategy Inc
Filing Date: 2025-07-31
Form: 424B5
Chunk 16
---
 applicable regular dividend 
 payment                                                                                                                       |

S-11

| date (or, if such regular dividend payment date is not a business day, the next business day), then additional regular dividends, which we refer to as “compounded dividends,” will                                                                      
 accumulate on the amount of such unpaid regular dividend, compounded monthly at the monthly regular dividend rate per annum applicable to the relevant regular dividend period from, and including, the calendar day after such regular dividend payment 
 date to, and including, the date the same, including all compounded dividends thereon, is paid in full.                                                                                                                                                  |

| See “Description of STRC Stock—Regular Dividends.” |

| We expect to fund any dividends paid in cash on the STRC Stock primarily through additional capital raising activities, including, but not limited to,                                                                                      
 at-the-market offerings of our class A common stock and our junior preferred securities. See “Risk Factors—Risks Related to the STRC Stock and This                                                                                         
 Offering—We may not have sufficient funds to pay dividends in cash on the STRC Stock, or we may choose not to pay dividends on the STRC Stock. In addition, regulatory and contractual restrictions may prevent us from declaring or paying 
 dividends.”                                                                                                                                                                                                                                 |

| No Preemptive and Conversion Rights | The STRC Stock is not convertible into or exchangeable for any other securities or property and is not entitled to any preemptive or similar rights. |

| Optional Redemption | We have the right, at our election, to redeem all, or any whole number of shares (subject to the limitation described below), of the issued and outstanding STRC Stock, at any time, and from time to time, on any redemption date. We refer to a    
 redemption pursuant to the provision described above as an “optional redemption.” The redemption price for any share of STRC Stock to be redeemed pursuant to an optional redemption will be a cash amount equal to $101 per share of STRC           
 Stock to be redeemed (or such higher amount as may be chosen in our sole discretion, it being understood that such higher amount (or the formula to determine such higher amount) will be announced by prior public notice and/or set forth in the   
 applicable relevant notice of redemption), plus accumulated and unpaid regular dividends on such share to, and including, the redemption date. However, we may not redeem less than all of the outstanding STRC Stock unless at least $250.0 million 
 aggregate stated amount of STRC Stock is outstanding and not called for redemption as of the time