Company: MSTR
Filing Date: 2025-07-07
Form Type: 424B5
Source: 0001193125-25-155880
Chunk: 87

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 424B5
Chunk 87
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 determined by reference to an index. General The senior debt securities will constitute our unsecured and unsubordinated general obligations and will rank equally in right of payment with our other unsecured and unsubordinated obligations. The subordinated debt securities will constitute our unsecured and subordinated general obligations and will be junior in right of payment to our senior indebtedness (including senior debt securities), as described under the heading “—Certain Terms of the Subordinated Debt Securities—Subordination.” The debt securities will be structurally subordinated to all existing and future indebtedness and other liabilities of our subsidiaries. The debt securities will not be guaranteed by an of our subsidiaries. The debt securities will be our unsecured obligations. Any secured debt or other secured obligations will be effectively senior to the debt securities to the extent of the value of the assets securing such debt or other obligations. The applicable prospectus supplement and/or free writing prospectus will include any additional or different terms of the debt securities of any series being offered, including the following terms:

| • |     | the title and type of the debt securities; |

| • |     | whether the debt securities will be senior or subordinated debt securities, and, with respect to any subordinated 
 debt securities the terms on which they are subordinated;                                                         |

| • |     | the initial aggregate principal amount of the debt securities; |

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| • |     | the price or prices at which we will sell the debt securities; |

| • |     | the maturity date or dates of the debt securities and the right, if any, to extend such date or dates; |

| • |     | the rate or rates, if any, at which the debt securities will bear interest, or the method of determining such 
 rate or rates;                                                                                                |

| • |     | the date or dates from which such interest will accrue, the interest payment dates on which such interest will be 
 payable or the method of determination of such dates;                                                             |

| • |     | the right, if any, to extend the interest payment periods and the duration of that extension; |

| • |     | the manner of paying principal and interest and the place or places where principal and interest will be payable; |

| • |     | the denominations of the debt securities if other than $2,000 or multiples of $1,000; |

| • |     | provisions for a sinking fund, purchase fund or other analogous fund, if any; |

| • |     | any redemption dates, prices,