Strategy Inc

Item 8.01 Other Events. ATM Update On November 2, 2026, Strategy Inc ("Strategy") announced an update with respect to sales made under its at-the-market offering program ("ATM") of the following securities: During Period October 26, 2026 to November 1, 2026 As of November 1, 2026 Security Shares Sold (1) Notional Value (in millions) (2) Net Proceeds (in millions) (3) Available for Issuance and Sale (in millions) STRF Stock - $ $ - $1,619.3 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── 10.00% Series A Perpetual Strife Preferred Stock STRC Stock - $ $ - $17,510.8 Variable Rate Series A Perpetual Stretch Preferred Stock STRK Stock - $ $ - $2,100.0 8.00% Series A Perpetual Strike Preferred Stock STRD Stock - $ $ - $4,014.8 10.00% Series A Perpetual Stride Preferred Stock MSTR Stock 1,178,552 $ $ 164.0 (4) $18,621.4 Class A Common Stock Total $ 164.0 (1) Includes shares sold but not yet settled as of October 30, 2026. (2) The total face value of the shares of preferred stock sold, which is used to calculate dividends thereon. (3) Net proceeds are presented net of sales commission. (4) $65.5 million in net proceeds from MSTR Stock sales were used to fund bitcoin purchases and $98.5 million in net proceeds from MSTR Stock sales were allocated to USD Cash. BTC Update On November 2, 2026, Strategy announced updates with respect to its bitcoin holdings: During Period October 26, 2026 to November 1, 2026 As of November 1, 2026 BTC Purchased (1) Aggregate Average Purchase Price (2) Aggregate BTC Holdings Aggregate Purchase Price (in billions) (2) Average Purchase Price (2) Purchase Price (in millions) (2) ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── 811 $65.5 $80,846 849,327 $64.08 $75,451 (1) The bitcoin purchases were made using net proceeds from MSTR Stock sales. (2) Aggregate and average purchase prices are inclusive of fees and expenses. Repurchase Program Updates On November 2, 2026, Strategy announced the following update with respect to its share repurchase programs of the following securities: During Period October 26, 2026 to November 1, 2026 Security Shares Repurchased Aggregate Purchase Price (in millions) STRF Stock (1) - $ - ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── 10.00% Series A Perpetual Strife Preferred Stock STRC Stock (1) 2,092,035 $ 208.2 Variable Rate Series A Perpetual Stretch Preferred Stock STRK Stock (1) - $ - 8.00% Series A Perpetual Strike Preferred Stock STRD Stock (1) - $ - 10.00% Series A Perpetual Stride Preferred Stock MSTR Stock (2) - $ - Class A Common Stock Total 2,092,035 $ 208.2 (1) $748.6 million aggregate purchase price of Strategy's preferred stock remains available under its digital credit securities repurchase program. (2) $1.0 billion aggregate purchase price of MSTR Stock remains available under Strategy's MSTR Stock repurchase program. USD Reserve and USD Cash Updates As part of its capital framework, Strategy maintains: (i) a U.S. dollar reserve (the "USD Reserve"), which is intended to support the payment of dividends on Strategy's preferred stock and interest on its outstanding indebtedness, and (ii) "USD Cash", which management maintains to deploy for broader general Bitcoin Treasury Company purposes, which may include acquiring bitcoin, expanding the USD Reserve, broader capital management uses, and other similar purposes. During the period from October 26, 2026 to November 1, 2026, Strategy used $43.4 million of the USD Reserve to fund the payment of dividends on its preferred stock. During the same period, Strategy used $208.2 million of USD Cash to fund repurchases of STRC Stock. As of November 1, 2026, the balances of the USD Reserve and USD Cash were $4.79 billion and $132.7 million, respectively.

Item 7.01 Regulation FD Disclosure. Strategy Dashboard Strategy also maintains a dashboard on its website (www.strategy.com) as a disclosure channel for providing broad, non-exclusionary distribution of information regarding Strategy to the public, including information regarding market prices of its outstanding securities, bitcoin purchases and holdings, certain key performance indicator metrics and other supplemental information, and as one means of disclosing non-public information in compliance with its disclosure obligations under Regulation FD. Investors and others are encouraged to regularly review the information that Strategy makes public via the website dashboard. Furnished Information The information disclosed pursuant to Item 7.01 in this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.