STRK, STRIKE

No public market currently exists for the perpetual strike preferred stock. We have applied to list the perpetual
strike preferred stock on The Nasdaq Global Select Market under the symbol “STRK.

.

Class a

the market price of our class A common stock has been and may continue to be volatile;

  • because of the rights of our two classes of common stock and because Michael J. Saylor, who
    beneficially owns the majority of our class B common stock, controls a significant portion of our total
    voting power, Mr. Saylor has significant influence over matters that require approval of our
    stockholders and as a result could impede a third party from acquiring us, or limit the ability of our
    other stockholders to influence corporate matters;

We expect that the trading price of our class A common stock will significantly affect the value of the perpetual

strike preferred stock, which could result in greater volatility in the value of the perpetual strike preferred stock

than would be expected for non-convertible securities. The trading price of our class A common stock will likely

continue to fluctuate in response to the factors described or referred to elsewhere in this section and under the

caption “Where You Can Find Additional Information; Incorporation by Reference,” among others, many of

which are beyond our control.

For the sake of accumulating more bitcoin

We intend to use the net proceeds from this offering for general corporate purposes, including the acquisition of

bitcoin and for working capital. As a result, our management will have broad discretion in the application of the

net proceeds from this offering and you will not have the opportunity as part of your investment decision to

assess whether the net proceeds are being used in a manner of which you approve. Because of the number and

variability of factors that will determine our use of the net proceeds from this offering, their ultimate use may

vary substantially. Our management may not apply our net proceeds in ways that ultimately increase the value of

your investment. The failure by our management to apply these funds effectively could harm our business. If we

do not invest or apply the net proceeds from this offering in ways that enhance stockholder value, we may fail to

achieve expected financial results, which could cause the market price of our class A common stock and the

value of the perpetual strike preferred stock to decline.