Strategy Inc Amends $2.1B Series A Preferred Offering to Implement Daily Dividend Cadence

Offering and Structural Overview

On November 2, 2026, Strategy Inc (CIK: 0001050446) filed a prospectus supplement on Form 424B5 (Supplement No. 1 to the STRK Stock Annex) under Registration No. 333-284510. The filing relates to the ongoing at-the-market offering of up to $2,100,000,000 of its 8.00% Series A Perpetual Strike Preferred Stock (Nasdaq: STRK).

Key Amendments to Series A Perpetual Strike Preferred Stock (STRK)

1. Shift to Daily Dividend Schedule:

   • Following stockholder approval at the October 28, 2026 Special Meeting, the company filed an Amended and Restated Certificate of Designations with the State of Delaware on October 29, 2026, taking effect at 12:01 a.m. Eastern Time on January 1, 2027.
   • Beginning January 4, 2027, declared regular dividends will be paid on each business day (rather than quarterly).
   • Regular record dates will correspond to every calendar day, including weekends and holidays.

2. Dividend Terms & Payment Mechanics:

   • The regular dividend rate remains 8.00% per annum on the $100 stated amount per share.
   • Dividends accumulate on a semi-monthly calculation cycle (1st–15th and 16th–month end) and may be paid in cash, Class A common stock, or a combination.
   • Any Class A shares delivered as dividend consideration will be valued at 95% of the 3-day VWAP, subject to an initial floor price of $119.03 per share.

3. Funding Strategy:

   • Strategy Inc expects to fund cash dividends primarily through ATM offerings of Class A common stock, its U.S. dollar reserve, or other capital-raising initiatives.