Strategy Inc Updates $21B STRC Preferred Stock Terms to Daily Dividend Cadence

Offering Overview

On November 2, 2026, Strategy Inc filed Prospectus Supplement No. 2 to the STRC Stock Annex (Form 424B5), relating to its at-the-market offering of up to $21.0 billion of Variable Rate Series A Perpetual Stretch Preferred Stock (Nasdaq: STRC).

Key Terms & Amendments

• Daily Dividend Schedule: Reflects the Second Amended and Restated Certificate of Designations effective November 1, 2026, shifting declared regular dividend payments to every business day (with calendar-day record dates) instead of twice per month.
• Dividend Rate: The rate for November 2026 is fixed at 12.00% per annum on the stated amount of $100.00 per share. Subsequent monthly rates can be reset subject to defined SOFR floors and caps.
• Redemption Features: Company retains optional redemption rights at $101.00 per share plus accrued regular dividends, subject to a minimum of $250 million aggregate stated amount remaining outstanding unless redeemed in full.
• Funding Source: Strategy Inc plans to fund cash dividends primarily through at-the-market offerings of Class A common stock, its USD Reserve, or other junior equity/debt issuances.