<SEC-DOCUMENT>0001193125-25-062523.txt : 20250325
<SEC-HEADER>0001193125-25-062523.hdr.sgml : 20250325
<ACCEPTANCE-DATETIME>20250325160329
ACCESSION NUMBER:		0001193125-25-062523
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		18
CONFORMED PERIOD OF REPORT:	20250325
ITEM INFORMATION:		Material Modifications to Rights of Security Holders
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20250325
DATE AS OF CHANGE:		20250325

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MICROSTRATEGY Inc
		CENTRAL INDEX KEY:			0001050446
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		ORGANIZATION NAME:           	09 Crypto Assets
		EIN:				510323571
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-42509
		FILM NUMBER:		25768240

	BUSINESS ADDRESS:	
		STREET 1:		1850 TOWERS CRESCENT PLAZA
		CITY:			TYSONS CORNER
		STATE:			VA
		ZIP:			22182
		BUSINESS PHONE:		703-848-8600

	MAIL ADDRESS:	
		STREET 1:		1850 TOWERS CRESCENT PLAZA
		CITY:			TYSONS CORNER
		STATE:			VA
		ZIP:			22182

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MICROSTRATEGY INC
		DATE OF NAME CHANGE:	19971126
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d943742d8k.htm
<DESCRIPTION>8-K
<TEXT>
<XBRL>
<?xml version='1.0' encoding='ASCII'?>
<html xmlns:dei="http://xbrl.sec.gov/dei/2024" xmlns:us-types="http://fasb.org/us-types/2024" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:strk="http://imetrix.edgar-online.com/20250325" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:utr="http://www.xbrl.org/2009/utr" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:us-gaap="http://fasb.org/us-gaap/2024" xmlns="http://www.w3.org/1999/xhtml">
<head>
<title>8-K</title>
<meta http-equiv="Content-Type" content="text/html"/>
</head>
   <body><div style="display:none"> <ix:header> <ix:hidden> <ix:nonNumeric id="Hidden_dei_EntityRegistrantName" name="dei:EntityRegistrantName" contextRef="duration_2025-03-25_to_2025-03-25">MICROSTRATEGY Inc</ix:nonNumeric> <ix:nonNumeric name="dei:AmendmentFlag" contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-329">false</ix:nonNumeric> <ix:nonNumeric id="Hidden_dei_EntityCentralIndexKey" name="dei:EntityCentralIndexKey" contextRef="duration_2025-03-25_to_2025-03-25">0001050446</ix:nonNumeric> <ix:nonNumeric id="Hidden_dei_CurrentFiscalYearEndDate_duration_2025-03-25_to_2025-03-25" name="dei:CurrentFiscalYearEndDate" contextRef="duration_2025-03-25_to_2025-03-25">--12-31</ix:nonNumeric> </ix:hidden> <ix:references> <link:schemaRef xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xlink:type="simple" xlink:href="strk-20250325.xsd" xlink:arcrole="http://www.xbrl.org/2003/linkbase"/> </ix:references> <ix:resources> <xbrli:context id="duration_2025-03-25_to_2025-03-25"> <xbrli:entity> <xbrli:identifier scheme="http://www.sec.gov/CIK">0001050446</xbrli:identifier> </xbrli:entity> <xbrli:period> <xbrli:startDate>2025-03-25</xbrli:startDate> <xbrli:endDate>2025-03-25</xbrli:endDate> </xbrli:period> </xbrli:context> <xbrli:context id="duration_2025-03-25_to_2025-03-25_us-gaap-StatementClassOfStockAxis_us-gaap-CommonStockMember"> <xbrli:entity> <xbrli:identifier scheme="http://www.sec.gov/CIK">0001050446</xbrli:identifier> <xbrli:segment> <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember> </xbrli:segment> </xbrli:entity> <xbrli:period> <xbrli:startDate>2025-03-25</xbrli:startDate> <xbrli:endDate>2025-03-25</xbrli:endDate> </xbrli:period> </xbrli:context> <xbrli:context id="duration_2025-03-25_to_2025-03-25_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesAPreferredStockMember"> <xbrli:entity> <xbrli:identifier scheme="http://www.sec.gov/CIK">0001050446</xbrli:identifier> <xbrli:segment> <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:SeriesAPreferredStockMember</xbrldi:explicitMember> </xbrli:segment> </xbrli:entity> <xbrli:period> <xbrli:startDate>2025-03-25</xbrli:startDate> <xbrli:endDate>2025-03-25</xbrli:endDate> </xbrli:period> </xbrli:context> </ix:resources> </ix:header> </div> <div style="text-align:center"> <div style="width:8.5in;text-align:left;margin-left: auto;margin-right: auto"> <p style="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&#160;</p> <p style="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&#160;</p> <p style="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman;font-weight:bold;text-align:center">UNITED STATES</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman;font-weight:bold;text-align:center">SECURITIES AND EXCHANGE COMMISSION</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">Washington, D.C. 20549</p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="margin-top:10pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman;font-weight:bold;text-align:center">FORM <span style="white-space:nowrap"><ix:nonNumeric name="dei:DocumentType" contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-357">8-K</ix:nonNumeric></span></p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">CURRENT REPORT</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">PURSUANT TO SECTION 13 OR 15(d)</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">OF THE SECURITIES EXCHANGE ACT OF 1934</p> <p style="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">Date of Report (Date of earliest event reported): <ix:nonNumeric name="dei:DocumentPeriodEndDate" contextRef="duration_2025-03-25_to_2025-03-25" format="ixt:datemonthdayyearen" id="ixv-358">March 25, 2025</ix:nonNumeric></p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <p style="margin-top:0pt;margin-bottom:0pt;text-align:center">
<img src="g943742g0325055632703.jpg" alt="LOGO"/></p> <p style="margin-top:10pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman;font-weight:bold;text-align:center"> <span style=" -sec-ix-hidden:Hidden_dei_EntityRegistrantName">MicroStrategy Incorporated</span> </p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center">(Exact name of registrant as specified in its charter)</p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="border-collapse:collapse; font-family:Times New Roman; font-size:8pt;width:100%;border:0;margin:0 auto">
<tr>
<td style="width:34%"/>
<td style="vertical-align:bottom"/>
<td style="width:32%"/>
<td style="vertical-align:bottom;width:1%"/>
<td style="width:32%"/></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;text-align:center"><span style="font-weight:bold"><ix:nonNumeric name="dei:EntityIncorporationStateCountryCode" contextRef="duration_2025-03-25_to_2025-03-25" format="ixt-sec:stateprovnameen" id="ixv-359">Delaware</ix:nonNumeric></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top;text-align:center"><span style="font-weight:bold"><span style="white-space:nowrap"><ix:nonNumeric name="dei:EntityFileNumber" contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-360">001-42509</ix:nonNumeric></span></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top;text-align:center"><span style="font-weight:bold"><span style="white-space:nowrap"><ix:nonNumeric name="dei:EntityTaxIdentificationNumber" contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-361">51-0323571</ix:nonNumeric></span></span></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<td style="vertical-align:top;text-align:center"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">(State or Other Jurisdiction</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">of Incorporation)</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top;text-align:center"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">(Commission</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">File Number)</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top;text-align:center"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">(I.R.S. Employer</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Identification No.)</p></td></tr></table> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;width:100%;border:0;margin:0 auto">
<tr>
<td style="width:50%"/>
<td style="vertical-align:bottom;width:1%"/>
<td style="width:48%"/></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;text-align:center" colspan="3"><span style="font-weight:bold"><ix:nonNumeric name="dei:EntityAddressAddressLine1" contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-362">1850 Towers Crescent Plaza</ix:nonNumeric>, <ix:nonNumeric name="dei:EntityAddressCityOrTown" contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-363">Tysons Corner</ix:nonNumeric>, <ix:nonNumeric name="dei:EntityAddressStateOrProvince" contextRef="duration_2025-03-25_to_2025-03-25" format="ixt-sec:stateprovnameen" id="ixv-364">Virginia</ix:nonNumeric> <ix:nonNumeric name="dei:EntityAddressPostalZipCode" contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-365">22182</ix:nonNumeric></span></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<td style="vertical-align:top;text-align:center"><span style="font-weight:bold">&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;(Address of Principal Executive Offices)</span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top;text-align:center"><span style="font-weight:bold">(ZIP Code)</span></td></tr></table> <p style="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center"><ix:nonNumeric name="dei:CityAreaCode" contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-366">(703)</ix:nonNumeric> <span style="white-space:nowrap"><ix:nonNumeric name="dei:LocalPhoneNumber" contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-367">848-8600</ix:nonNumeric></span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">(Registrant&#8217;s Telephone Number, Including Area Code)</p> <p style="margin-top:10pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">(Former Name or Former Address, If Changed Since Last Report)</p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form <span style="white-space:nowrap">8-K</span> filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</p> <p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top;text-align:left"><ix:nonNumeric name="dei:WrittenCommunications" contextRef="duration_2025-03-25_to_2025-03-25" format="ixt-sec:boolballotbox" id="ixv-368">&#9744;</ix:nonNumeric></td>
<td style="vertical-align:top;text-align:left"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:left">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p></td></tr></table> <p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top;text-align:left"><ix:nonNumeric name="dei:SolicitingMaterial" contextRef="duration_2025-03-25_to_2025-03-25" format="ixt-sec:boolballotbox" id="ixv-369">&#9744;</ix:nonNumeric></td>
<td style="vertical-align:top;text-align:left"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:left">Soliciting material pursuant to Rule <span style="white-space:nowrap">14a-12</span> under the Exchange Act (17 CFR <span style="white-space:nowrap">240.14a-12)</span></p></td></tr></table> <p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top;text-align:left"><ix:nonNumeric name="dei:PreCommencementTenderOffer" contextRef="duration_2025-03-25_to_2025-03-25" format="ixt-sec:boolballotbox" id="ixv-370">&#9744;</ix:nonNumeric></td>
<td style="vertical-align:top;text-align:left"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:left"><span style="white-space:nowrap">Pre-commencement</span> communications pursuant to Rule <span style="white-space:nowrap">14d-2(b)</span> under the Exchange Act (17 CFR <span style="white-space:nowrap">240.14d-2(b))</span></p></td></tr></table> <p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top;text-align:left"><ix:nonNumeric name="dei:PreCommencementIssuerTenderOffer" contextRef="duration_2025-03-25_to_2025-03-25" format="ixt-sec:boolballotbox" id="ixv-371">&#9744;</ix:nonNumeric></td>
<td style="vertical-align:top;text-align:left"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:left"><span style="white-space:nowrap">Pre-commencement</span> communications pursuant to Rule <span style="white-space:nowrap">13e-4(c)</span> under the Exchange Act (17 CFR <span style="white-space:nowrap">240.13e-4(c))</span></p></td></tr></table> <p style="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center">Securities registered pursuant to Section&#160;12(b) of the Act:</p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;width:100%;border:0;margin:0 auto">
<tr>
<td style="width:34%"/>
<td style="vertical-align:bottom"/>
<td style="width:32%"/>
<td style="vertical-align:bottom;width:1%"/>
<td style="width:32%"/></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<td style="border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center"> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Title of Each Class</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Trading<br/>Symbol(s)</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Name of Each Exchange</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">on Which Registered</p></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;text-align:center"><ix:nonNumeric name="dei:Security12bTitle" contextRef="duration_2025-03-25_to_2025-03-25_us-gaap-StatementClassOfStockAxis_us-gaap-CommonStockMember" id="ixv-372">Class&#160;A Common Stock, $0.001 par value per share</ix:nonNumeric></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top;text-align:center"><ix:nonNumeric name="dei:TradingSymbol" contextRef="duration_2025-03-25_to_2025-03-25_us-gaap-StatementClassOfStockAxis_us-gaap-CommonStockMember" id="ixv-373">MSTR</ix:nonNumeric></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top;text-align:center"><ix:nonNumeric name="dei:SecurityExchangeName" contextRef="duration_2025-03-25_to_2025-03-25_us-gaap-StatementClassOfStockAxis_us-gaap-CommonStockMember" format="ixt-sec:exchnameen" id="ixv-374">The Nasdaq Global Select Market</ix:nonNumeric></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;text-align:center"><ix:nonNumeric name="dei:Security12bTitle" contextRef="duration_2025-03-25_to_2025-03-25_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesAPreferredStockMember" id="ixv-375">8.00% Series A Perpetual Strike Preferred Stock, $0.001 par value per share</ix:nonNumeric></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top;text-align:center"><ix:nonNumeric name="dei:TradingSymbol" contextRef="duration_2025-03-25_to_2025-03-25_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesAPreferredStockMember" id="ixv-376">STRK</ix:nonNumeric></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top;text-align:center"><ix:nonNumeric name="dei:SecurityExchangeName" contextRef="duration_2025-03-25_to_2025-03-25_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesAPreferredStockMember" format="ixt-sec:exchnameen" id="ixv-377">The Nasdaq Global Select Market</ix:nonNumeric></td></tr></table> <p style="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule <span style="white-space:nowrap">12b-2</span> of the Securities Exchange Act of 1934 <span style="white-space:nowrap">(&#167;240.12b-2</span> of this chapter).</p> <p style="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:center">Emerging growth company: <ix:nonNumeric name="dei:EntityEmergingGrowthCompany" contextRef="duration_2025-03-25_to_2025-03-25" format="ixt-sec:boolballotbox" id="ixv-378">&#9744;</ix:nonNumeric></p> <p style="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&#160;13(a) of the Exchange Act: &#9744;</p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <p style="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&#160;</p> <p style="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&#160;</p></div></div>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<hr style="color:#999999;height:3px;width:100%;clear:both"/>

<div style="text-align:center"><div style="width:8.5in;text-align:left;margin-left: auto;margin-right: auto">

<table style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:11%;vertical-align:top;text-align:left"><span style="font-weight:bold">Item&#8201;3.03.</span></td>
<td style="vertical-align:top;text-align:left"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:left">Material Modification to Rights of Security Holders. </p></td></tr></table> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On March&#160;25, 2025, MicroStrategy Incorporated d/b/a Strategy (&#8220;Strategy&#8221;) issued 8,500,000 shares of a new class of its capital stock titled &#8220;10.00% Series A Perpetual Strife Preferred Stock&#8221; (the &#8220;Perpetual Strife Preferred Stock&#8221;) in a public offering (the &#8220;Offering&#8221;) registered under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;). In connection with the issuance of Perpetual Strife Preferred Stock, Strategy filed a Certificate of Designations (the &#8220;Certificate of Designations&#8221;) with the Secretary of State of the State of Delaware designating an aggregate of 8,500,000 shares of, and establishing the terms of, the Perpetual Strife Preferred Stock. </p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Perpetual Strife Preferred Stock will accumulate cumulative dividends (&#8220;Regular Dividends&#8221;) at a rate per annum equal to 10.00% (the &#8220;Regular Dividend Rate&#8221;) of the stated amount of $100 per share (the &#8220;Stated Amount&#8221;). Regular Dividends will be payable when, as and if declared by Strategy&#8217;s board of directors, out of funds legally available for their payment, quarterly in arrears on March&#160;31, June&#160;30, September&#160;30 and December&#160;31 of each year, beginning on June&#160;30, 2025 (each, a &#8220;Regular Dividend Payment Date&#8221;). Declared Regular Dividends on the Perpetual Strife Preferred Stock will be payable solely in cash. If any accumulated Regular Dividend (or any portion thereof) on the Perpetual Strife Preferred Stock is not paid on the applicable Regular Dividend Payment Date (or, if such Regular Dividend Payment Date is not a business day, the next business day), then additional Regular Dividends (&#8220;Compounded Dividends&#8221;) will accumulate on the amount of such unpaid Regular Dividend, compounded quarterly at the Compounded Dividend Rate (as defined below), from, and including, such Regular Dividend Payment Date to, but excluding, the date the same, including all Compounded Dividends thereon, is paid in full. The &#8220;Compounded Dividend Rate&#8221; applicable to any unpaid Regular Dividend that was due on a Regular Dividend Payment Date (or, if such Regular Dividend Payment Date is not a business day, the next business day) will initially be a rate per annum equal to the Regular Dividend Rate plus 100 basis points; <span style="font-style:italic">provided</span>, <span style="font-style:italic">however</span>, that until such Regular Dividend, together with Compounded Dividends thereon, is paid in full, such Compounded Dividend Rate will increase by 100 basis points per annum for each subsequent Regular Dividend period, up to a maximum rate of 18% per annum. </p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If Strategy fails to declare a Regular Dividend on or prior to the record date applicable to a Regular Dividend Payment Date, such failure shall constitute the issuance of a notice of deferral. Upon issuance of such notice, Strategy shall use its commercially reasonable efforts over the following <span style="white-space:nowrap">60-day</span> period to sell Class&#160;A Common Stock and/or other securities to raise proceeds in an amount sufficient to cover any deferred dividends that would have been due with respect to the applicable Regular Dividend Payment Date, plus Compounded Dividends thereon. In certain cases where Strategy has not declared and paid accumulated Regular Dividends in full on the Perpetual Strife Preferred Stock, then, subject to limited exceptions, Strategy will be prohibited from declaring or paying dividends on or repurchasing any shares of Perpetual Strike Preferred Stock, Class&#160;A Common Stock, Class&#160;B Common Stock or other junior securities. </p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Perpetual Strife Preferred Stock has a par value of $0.001 per share and initially has a liquidation preference of $100 per share, subject to adjustment as set forth below (the &#8220;Liquidation Preference&#8221;). The Perpetual Strife Preferred Stock will rank senior to Strategy&#8217;s class A common stock, $0.001 par value per share (the &#8220;Class&#160;A Common Stock&#8221;), class B common stock, $0.001 par value per share (the &#8220;Class&#160;B Common Stock&#8221;), and 8.00% Series A Perpetual Strike Preferred Stock (the &#8220;Perpetual Strike Preferred Stock&#8221;) with respect to the payment of dividends and the distribution of assets upon Strategy&#8217;s liquidation, dissolution or winding up. If Strategy liquidates, dissolves or winds up, whether voluntarily or involuntarily, then the holders of Perpetual Strife Preferred Stock will be entitled to receive payment for the Liquidation Preference of, and all accumulated and unpaid Regular Dividends and any Compounded Dividends (each as defined below) on, their shares of Perpetual Strife Preferred Stock out of Strategy&#8217;s assets or funds legally available for distribution to its stockholders, before any such assets or funds are distributed to, or set aside for the benefit of, holders of the Class&#160;A Common Stock, Class&#160;B Common Stock, Perpetual Strike Preferred Stock or other junior stock. The Perpetual Strife Preferred Stock will be junior to Strategy&#8217;s existing and future indebtedness, structurally junior to the liabilities of Strategy&#8217;s subsidiaries and subject to the rights and preferences of any other class or series of preferred stock then outstanding. </p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Liquidation Preference of the Perpetual Strife Preferred Stock shall initially be $100 per share of Perpetual Strife Preferred Stock; <span style="font-style:italic">provided</span>, <span style="font-style:italic">however</span>, that, effective immediately after the close of business on each business day after the date on which shares were issued in the Offering (the </p>
</div></div>



<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<hr style="color:#999999;height:3px;width:100%;clear:both"/>

<div style="text-align:center"><div style="width:8.5in;text-align:left;margin-left: auto;margin-right: auto">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
&#8220;Initial Issue Date&#8221;) (and, if applicable, during the course of a business day on which any sale transaction to be settled by the issuance of Perpetual Strife Preferred Stock is executed, from the exact time of the first such sale transaction during such business day until the close of business of such business day), the Liquidation Preference per share of Perpetual Strife Preferred Stock will be adjusted to greatest of (i)&#160;the Stated Amount; (ii)&#160;in the case of any business day with respect to which Strategy has, on such business day or on any business day during the ten trading day period preceding such business day, executed any sale transaction to be settled by the issuance of Perpetual Strife Preferred Stock, an amount equal to the Last Reported Sale Price (as defined in the Certificate of Designations) per share of Perpetual Strife Preferred Stock on the trading day immediately before the most recent business day; and (iii)&#160;the arithmetic average of the Last Reported Sale Prices per share of Perpetual Strife Preferred Stock for each trading day of the ten consecutive trading days immediately preceding such business day, <span style="font-style:italic">provided</span>, <span style="font-style:italic">however</span>, that, if applicable, the reference in this clause (iii)&#160;to ten will be replaced by such lesser number of trading days as have elapsed during the period from, and including, the Initial Issue Date to, but excluding, such business day. </p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Strategy will have the right, at its election, to redeem all, and not less than all, of the Perpetual Strife Preferred Stock, at any time, for cash if the total number of shares of Perpetual Strife Preferred Stock then outstanding is less than 25% of the total number of shares of the Perpetual Strife Preferred Stock originally issued on the Initial Issue Date of the Perpetual Strife Preferred Stock and in any future offering of the Perpetual Strife Preferred Stock, taken together (such a redemption, an &#8220;Optional Redemption&#8221;). Strategy will also have the right, at its election, to redeem all, and not less than all, of the Perpetual Strife Preferred Stock, at any time, for cash if a &#8220;Tax Event&#8221; (as defined in the Certificate of Designations) occurs (such a redemption, a &#8220;Tax Redemption&#8221;). The redemption price for any Perpetual Strife Preferred Stock to be redeemed pursuant to an Optional Redemption or a Tax Redemption will be a cash amount equal to (i)&#160;the Liquidation Preference of such share as of the business day before Strategy sends the related redemption notice, plus (ii)&#160;accumulated and unpaid Regular Dividends (plus any Compounded Dividends thereon) on such share to, but excluding, the redemption date. </p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If a &#8220;Fundamental Change&#8221; (as defined in the Certificate of Designations) occurs, then holders of the Perpetual Strife Preferred Stock will have the right to require Strategy to repurchase some or all of their shares of Perpetual Strife Preferred Stock at a cash repurchase price equal to (i)&#160;the Stated Amount plus (ii)&#160;accumulated and unpaid Regular Dividends on such share to, but excluding, the Fundamental Change repurchase date for such Fundamental Change. </p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Perpetual Strife Preferred Stock will have voting rights with respect to certain amendments to Strategy&#8217;s certificate of incorporation or the Certificate of Designations, certain business combination transactions and certain other matters. Strategy additionally may not create or issue any class or series of stock that ranks senior to the Perpetual Strife Preferred Stock with respect to the payment of dividends and the distribution of assets upon Strategy&#8217;s liquidation, dissolution or winding up without the consent of the holders of Perpetual Strife Preferred Stock representing at least a majority of the combined outstanding voting power of the Perpetual Strife Preferred Stock, and any voting parity stockholders. However, holders of Perpetual Strife Preferred Stock will not be entitled to vote with holders of Class&#160;A Common Stock on matters on which holders of Class&#160;A Common Stock are entitled to vote. </p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If (in each case, subject to the Certificate of Designations) less than the full amount of accumulated and unpaid Regular Dividends on the outstanding Perpetual Strife Preferred Stock have been declared and paid by the following Regular Dividend Payment Date in respect of each of (i)&#160;four or more consecutive Regular Dividend Payment Dates; and (ii)&#160;eight or more consecutive Regular Dividend Payment Dates, then, in each case, subject to certain limitations, the authorized number of Strategy&#8217;s directors will automatically increase by one (or Strategy will vacate the office of one of its directors) and the holders of the Perpetual Strife Preferred Stock, voting together as a single class with the holders of each class or series of &#8220;Voting Parity Stock&#8221; (as defined in the Certificate of Designations) with similar voting rights regarding the election of directors upon a failure to pay dividends, which similar voting rights are then exercisable, will have the right to elect one director (a &#8220;Preferred Stock Director&#8221;) to fill such directorship at Strategy&#8217;s next annual meeting of stockholders (or, if earlier, at a special meeting of Strategy&#8217;s stockholders called for such purpose). If, thereafter, all accumulated and unpaid Regular Dividends on the outstanding Perpetual Strife Preferred Stock have been paid in full, then the right of the holders of the Perpetual Strife Preferred Stock to elect any Preferred Stock Directors will terminate. Upon the termination of such right with respect to the Perpetual Strife Preferred Stock and all other outstanding Voting Parity Stock, if any, the term of office of each person then serving as a Preferred Stock Director will immediately </p>
</div></div>



<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<hr style="color:#999999;height:3px;width:100%;clear:both"/>

<div style="text-align:center"><div style="width:8.5in;text-align:left;margin-left: auto;margin-right: auto">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
and automatically terminate (and, if the authorized number of Strategy&#8217;s directors was increased by one or two, as applicable, in connection with such election, then the authorized number of Strategy&#8217;s directors will automatically decrease by one or two, as applicable). </p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The above description of the Certificate of Designations and the terms of the Perpetual Strife Preferred Stock is a summary and is not complete. A copy of the Certificate of Designations and the form of the certificate representing the Perpetual Strife Preferred Stock are filed as Exhibits 3.1 and 4.1, respectively, to this Current Report on Form <span style="white-space:nowrap">8-K,</span> and the above summary is qualified by reference to the terms of the Certificate of Designations and the Perpetual Strife Preferred Stock set forth in such exhibits. </p> <p style="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:11%;vertical-align:top;text-align:left"><span style="font-weight:bold">Item&#8201;5.03.</span></td>
<td style="vertical-align:top;text-align:left"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:left">Amendments to Articles of Incorporation or Bylaws. </p></td></tr></table> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The information set forth above in this Current Report under Item 3.03 is incorporated by reference into this Item 5.03. </p> <p style="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:11%;vertical-align:top;text-align:left"><span style="font-weight:bold">Item&#8201;9.01.</span></td>
<td style="vertical-align:top;text-align:left"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:left">Financial Statements and Exhibits. </p></td></tr></table> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><span style="text-decoration:underline">(d) Exhibits </span></p> <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;width:100%;border:0;margin:0 auto">


<tr>

<td/>

<td style="vertical-align:bottom;width:5%"/>
<td style="width:92%"/></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<td style="vertical-align:bottom;white-space:nowrap;text-align:center"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;text-align:center">Exhibit</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;text-align:center">Number</p></td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:bottom;white-space:nowrap">Description</td></tr>


<tr style="font-size:1pt">
<td style="height:6pt"/>
<td style="height:6pt" colspan="2"/></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">3.1</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top"><a href="d943742dex31.htm">Certificate of Designations relating to the 10.00% Series A Perpetual Strife Preferred Stock. </a></td></tr>
<tr style="font-size:1pt">
<td style="height:6pt"/>
<td style="height:6pt" colspan="2"/></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">4.1</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top"><a href="d943742dex31.htm">Form of certificate representing the 10.00% Series A Perpetual Strife Preferred Stock (included as Exhibit A to Exhibit&#160;3.1). </a></td></tr>
<tr style="font-size:1pt">
<td style="height:6pt"/>
<td style="height:6pt" colspan="2"/></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">5.1</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top"><a href="d943742dex51.htm">Opinion of Wilmer Cutler Pickering Hale and Dorr LLP. </a></td></tr>
<tr style="font-size:1pt">
<td style="height:6pt"/>
<td style="height:6pt" colspan="2"/></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">23.1</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top"><a href="d943742dex51.htm">Consent of Wilmer Cutler Pickering Hale and Dorr LLP (included in Exhibit&#160;5.1). </a></td></tr>
<tr style="font-size:1pt">
<td style="height:6pt"/>
<td style="height:6pt" colspan="2"/></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">104</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top">Cover page interactive data file (embedded within the inline XBRL document).</td></tr>
</table> <p style="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&#160;</p>
</div></div>



<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<hr style="color:#999999;height:3px;width:100%;clear:both"/>

<div style="text-align:center"><div style="width:8.5in;text-align:left;margin-left: auto;margin-right: auto">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center">SIGNATURE </p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </p> <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;width:100%;border:0">


<tr>

<td style="width:44%"/>

<td style="vertical-align:bottom;width:1%"/>
<td style="width:4%"/>

<td style="vertical-align:bottom"/>
<td style="width:5%"/>

<td style="vertical-align:bottom;width:1%"/>
<td style="width:44%"/></tr>


<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:bottom"/>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom"/>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom" colspan="3">M<small style="font-weight:inherit;font-style:unset;text-decoration:unset">ICROSTRATEGY</small> I<small style="font-weight:inherit;font-style:unset;text-decoration:unset">NCORPORATED</small></td></tr>
<tr style="font-size:1pt">
<td style="height:12pt"/>
<td style="height:12pt" colspan="2"/>
<td style="height:12pt" colspan="2"/>
<td style="height:12pt" colspan="2"/></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:bottom">Dated: March&#160;25, 2025</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom"/>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top">By:</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom"> <p style="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ W. Ming Shao</p></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:bottom"/>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom"/>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top">Name:</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">W. Ming Shao</td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:bottom"/>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom"/>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top">Title:</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">Executive Vice President&#160;&amp; General Counsel</td></tr>
</table>
</div></div>

</body></html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>d943742dex31.htm
<DESCRIPTION>EX-3.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-3.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 3.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MicroStrategy Incorporated </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Certificate of Designations </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>10.00% Series A Perpetual Strife Preferred Stock </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>March&nbsp;25, 2025 </B></P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Table of Contents </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="89%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Page</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Definitions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Rules of Construction</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;3.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">The Perpetual Strife Preferred Stock</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(a)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Designation; Par Value</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(b)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Number of Authorized Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(c)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Additional Perpetual Strife Preferred Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(d)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Form, Dating and Denominations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(e)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Execution, Countersignature and Delivery</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(f)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Method of Payment; Delay When Payment Date is Not a Business Day</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(g)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Transfer Agent, Registrar and Paying Agent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(h)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Legends</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(i)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Transfers and Exchanges; Transfer Taxes; Certain Transfer Restrictions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(j)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exchange and Cancellation of Perpetual Strife Preferred Stock to Be Repurchased Pursuant to a
Repurchase Upon Fundamental Change or Redemption</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(k)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Status of Retired Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(l)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Replacement Certificates</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(m)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Registered Holders; Certain Rights with Respect to Global Certificates</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(n)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Cancellation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(o)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Shares Held by the Company or its Affiliates</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(p)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Outstanding Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(q)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Repurchases by the Company and its Subsidiaries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(r)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Notations and Exchanges</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(s)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">CUSIP and ISIN Numbers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;4.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Ranking</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Regular Dividends</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(a)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Generally</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(b)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Notice of Deferral</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(c)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Registered Public Equity Offerings</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(d)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Method of Payment</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(e)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Treatment of Regular Dividends Upon Repurchase Upon Fundamental Change or Redemption</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(f)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Priority of Dividends; Limitation on Junior and Parity Payments; No Participation Rights</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Rights Upon Liquidation, Dissolution or Winding Up</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(a)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Generally</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(b)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Certain Business Combination Transactions Deemed Not to Be a Liquidation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Right of the Company to Redeem the Perpetual Strife Preferred Stock</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(a)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Optional Redemption</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(b)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Tax Redemption</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(c)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Redemption Price</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(d)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Redemption Date</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(e)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Redemption Notice</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(f)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Repurchases or Other Acquisitions Other Than by Redemption Not Affected</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- i - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="8%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="88%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Right of Holders to Require the Company to Repurchase Perpetual Strife Preferred Stock upon a
Fundamental Change</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(a)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Fundamental Change Repurchase Right</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(b)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Funds Legally Available for Payment of Fundamental Change Repurchase Price; Covenant Not to Take
Certain Actions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(c)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Fundamental Change Repurchase Date</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(d)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Fundamental Change Repurchase Price</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(e)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Fundamental Change Notice</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(f)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Procedures to Exercise the Fundamental Change Repurchase Right</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(g)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Payment of the Fundamental Change Repurchase Price</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(h)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Compliance with Applicable Securities Laws</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(i)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Third Party May Conduct Repurchase Offer In Lieu of the Company</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Voting Rights</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(a)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Right to Designate up to Two Preferred Stock Directors Upon Regular Dividend
<FONT STYLE="white-space:nowrap">Non-Payment</FONT> Events</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(b)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Voting and Consent Rights with Respect to Specified Matters</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(c)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Procedures for Voting and Consents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">No Preemptive Rights</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;11.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Calculations</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(a)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Responsibility; Schedule of Calculations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">(b)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:1.00em; font-size:10pt; font-family:Times New Roman">Calculations Aggregated for Each Holder</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;12.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">No Sinking Fund Obligations</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;13.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Notices</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Section&nbsp;14.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">No Other Rights</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Exhibits </U></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="96%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exhibit A: Form of Preferred Stock Certificate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">A-1</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Exhibit B: Form of Global Certificate Legend</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="white-space:nowrap">B-1</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- ii - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Certificate of Designations </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>10.00% Series A Perpetual Strife Preferred Stock </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On March 24, 2025, the Pricing Committee of the Board of Directors of MicroStrategy Incorporated, a Delaware corporation (the
&#147;<B>Company</B>&#148;), pursuant to authority granted to it by the Board of Directors of the Company, adopted the following resolution designating and creating, out of the authorized and unissued shares of preferred stock of the Company,
8,500,000 authorized shares of a series of stock of the Company titled the &#147;10.00% Series A Perpetual Strife Preferred Stock&#148;: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>RESOLVED</B> that, pursuant to the Certificate of Incorporation (as defined below), the Bylaws (as defined below) and applicable law, a
series of stock of the Company titled the &#147;10.00% Series A Perpetual Strife Preferred Stock,&#148; and having a par value of $0.001 per share and an initial number of authorized shares equal to 8,500,000, is hereby designated and created out of
the authorized and unissued shares of preferred stock of the Company, which series has the rights, preferences, voting powers and other provisions set forth below: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1. <U>D<SMALL>EFINITIONS</SMALL></U><SMALL></SMALL>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Affiliate</B>&#148; has the meaning set forth in Rule 144 under the Securities Act as in effect on the Initial Issue Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Board of Directors</B>&#148; means the Company&#146;s board of directors or a committee of such board duly authorized to act on
behalf of such board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Business Day</B>&#148; means any day other than a Saturday, a Sunday or any day on which the Federal
Reserve Bank of New York is authorized or required by law or executive order to close or be closed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Bylaws</B>&#148; means the
Company&#146;s Amended and Restated <FONT STYLE="white-space:nowrap">By-laws,</FONT> as the same may be further amended, supplemented or restated. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Capital Stock</B>&#148; of any Person means any and all shares of, interests in, rights to purchase, warrants or options for,
participations in, or other equivalents of, in each case however designated, the equity of such Person, but excluding any debt securities convertible into such equity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Certificate of Designations</B>&#148; means this Certificate of Designations, as amended or supplemented from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Certificate of Incorporation</B>&#148; means the Company&#146;s Second Restated Certificate of Incorporation, as amended and
supplemented to date, and as the same may be further amended, supplemented or restated. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Class</B><B></B><B>&nbsp;A Common
Stock</B>&#148; means the class A common stock, $0.001 par value per share, of the Company. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 1 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Class</B><B></B><B>&nbsp;B Common Stock</B>&#148; means the class B common stock,
$0.001 par value per share, of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Close of Business</B>&#148; means 5:00 p.m., New York City time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Company</B>&#148; has the meaning set forth in the preamble to this Certificate of Designations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Compounded Dividends</B>&#148; has the meaning set forth in <B>Section</B><B></B><B>&nbsp;5(a)(i)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Compounded Dividend Rate</B>&#148; has the meaning set forth in <B>Section</B><B></B><B>&nbsp;5(a)(i)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Deferred Regular Dividend Payment Date</B>&#148; shall mean the date that is one (1)&nbsp;Trading Day after the sixtieth (60th)
calendar day after a Regular Dividend Payment Date with respect to which the full amount of Regular Dividends has not been paid (or, if such Trading Day is not a Business Day, the next Business Day). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Deferred Regular Record Date</B>&#148; means the fifteenth (15th) calendar day preceding the relevant Deferred Regular Dividend
Payment Date (whether or not a Business Day). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Depositary</B>&#148; means The Depository Trust Company or its successor, or any
successor depositary for the applicable shares of Perpetual Strife Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Depositary Participant</B>&#148; means any
member of, or participant in, the Depositary. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Depositary Procedures</B>&#148; means, with respect to any transfer, exchange or
other transaction involving a Global Certificate representing any Perpetual Strife Preferred Stock, or any beneficial interest in such certificate, the rules and procedures of the Depositary applicable to such transfer, exchange or transaction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Director Qualification Requirement</B>&#148; has the meaning set forth in <B>Section</B><B></B><B>&nbsp;9(a)(i)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Dividend Junior Stock</B>&#148; means any class or series of the Company&#146;s stock whose terms do not expressly provide that such
class or series will rank senior to, or equally with, the Perpetual Strife Preferred Stock with respect to the payment of dividends (without regard to whether or not dividends accumulate cumulatively). Dividend Junior Stock includes the Class&nbsp;A
Common Stock, the Class&nbsp;B Common Stock and the Perpetual Strike Preferred Stock. For the avoidance of doubt, Dividend Junior Stock will not include any securities of the Company&#146;s Subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Dividend Parity Stock</B>&#148; means any class or series of the Company&#146;s stock (other than the Perpetual Strife Preferred
Stock) whose terms expressly provide that such class or series will rank equally with the Perpetual Strife Preferred Stock with respect to the payment of dividends (without regard to whether or not dividends accumulate cumulatively). For the
avoidance of doubt, Dividend Parity Stock will not include any securities of the Company&#146;s Subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Dividend Senior
Stock</B>&#148; means any class or series of the Company&#146;s stock whose terms expressly provide that such class or series will rank senior to the Perpetual Strife Preferred Stock with respect to the payment of dividends (without regard to
whether or not dividends accumulate cumulatively). For the avoidance of doubt, Dividend Senior Stock will not include any securities of the Company&#146;s Subsidiaries. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 2 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Electronic Certificate</B>&#148; means any electronic book entry maintained by the
Transfer Agent that represents any share(s) of Perpetual Strife Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Exchange Act</B>&#148; means the U.S.
Securities Exchange Act of 1934, as amended. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Fundamental Change</B>&#148; means any of the following events: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) either (i)&nbsp;a &#147;person&#148; or &#147;group&#148; (within the meaning of Section&nbsp;13(d)(3) of the Exchange Act) (other than
(w)&nbsp;the Company; (x)&nbsp;its Wholly Owned Subsidiaries; (y)&nbsp;any employee benefit plans of the Company or its Wholly Owned Subsidiaries; or (z)&nbsp;any Permitted Party), files any report with the SEC indicating that such person or group
has become the direct or indirect &#147;beneficial owner&#148; (as defined below) of shares of the Company&#146;s common equity representing more than fifty percent (50%) of the voting power of all of the Company&#146;s common equity; or (ii)&nbsp;a
&#147;person&#148; or &#147;group&#148; (within the meaning of Section&nbsp;13(d)(3) of the Exchange Act) (other than (w)&nbsp;the Company; (x)&nbsp;its Wholly Owned Subsidiaries; or (y)&nbsp;any employee benefit plans of the Company or its Wholly
Owned Subsidiaries), files any report with the SEC indicating that such person or group has become the direct or indirect &#147;beneficial owner&#148; (as defined below) of shares of the Company&#146;s Class&nbsp;A Common Stock representing more
than fifty percent (50%) of the voting power of all of the Company&#146;s Class&nbsp;A Common Stock, <I>provided</I> that, solely for purposes of this <B>clause (ii)</B>, none of the following will constitute beneficial ownership of the
Company&#146;s Class&nbsp;A Common Stock: (x)&nbsp;beneficial ownership of the Company&#146;s Class&nbsp;B Common Stock; and (y)&nbsp;beneficial ownership by any Permitted Party of any of the Company&#146;s Class&nbsp;A Common Stock issued upon
conversion of the Company&#146;s Class&nbsp;B Common Stock; or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) the consummation of: (i)&nbsp;any sale, lease or other transfer, in
one transaction or a series of transactions, of all or substantially all of the assets of the Company and its Subsidiaries, taken as a whole, to any Person, other than solely to one or more of the Company&#146;s Wholly Owned Subsidiaries; or
(ii)&nbsp;any transaction or series of related transactions in connection with which (whether by means of merger, consolidation, share exchange, combination, reclassification, recapitalization, acquisition, liquidation or otherwise) all of the
Class&nbsp;A Common Stock is exchanged for, converted into, acquired for, or constitutes solely the right to receive, other securities, cash or other property; <I>provided</I>, <I>however</I>, that any merger, consolidation, share exchange or
combination of the Company pursuant to which the persons that directly or indirectly &#147;beneficially owned&#148; (as defined below) all classes of the Company&#146;s common equity immediately before such transaction directly or indirectly
&#147;beneficially own,&#148; immediately after such transaction, more than fifty percent (50%) of all classes of common equity of the surviving, continuing or acquiring company or other transferee, as applicable, or the parent thereof, in
substantially the same proportions <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">vis-&agrave;-vis</FONT></FONT> each other as immediately before such transaction will be deemed not to be a Fundamental Change pursuant to this
<B>clause (b)</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the purposes of this definition, (x)&nbsp;any transaction or event described in both <B>clause (a)</B>&nbsp;and in
<B>clause (b)(i)</B> or <B>(ii)</B>&nbsp;above (without regard to the proviso in <B>clause (b)</B>) will be deemed to occur solely pursuant to <B>clause (b)</B>&nbsp;above (subject to such proviso); and (y)&nbsp;whether a Person is a
&#147;<B>beneficial owner</B>,&#148; whether shares are &#147;<B>beneficially owned</B>,&#148; and percentage beneficial ownership, will be determined in accordance with Rule <FONT STYLE="white-space:nowrap">13d-3</FONT> under the Exchange Act. </P>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 3 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Fundamental Change Notice</B>&#148; has the meaning set forth in
<B>Section</B><B></B><B>&nbsp;8(e)</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Fundamental Change Repurchase Date</B>&#148; means the date fixed, pursuant to
<B>Section</B><B></B><B>&nbsp;8(c)</B>, for the repurchase of any Perpetual Strife Preferred Stock by the Company pursuant to a Repurchase Upon Fundamental Change. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Fundamental Change Repurchase Notice</B>&#148; means a notice (including a notice substantially in the form of the &#147;Fundamental
Change Repurchase Notice&#148; set forth in <B>Exhibit A</B>) containing the information, or otherwise complying with the requirements, set forth in <B>Section</B><B></B><B>&nbsp;8(f)(i)</B> and <B>Section</B><B></B><B>&nbsp;8(f)(ii)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Fundamental Change Repurchase Price</B>&#148; means the cash price payable by the Company to repurchase any share of Perpetual Strife
Preferred Stock upon its Repurchase Upon Fundamental Change, calculated pursuant to <B>Section</B><B></B><B>&nbsp;8(d)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Fundamental Change Repurchase Right</B>&#148; has the meaning set forth in <B>Section</B><B></B><B>&nbsp;8(a)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Global Certificate</B>&#148; means any certificate (including an Electronic Certificate, subject to
<B>Section</B><B></B><B>&nbsp;3(d)(iii)</B>) that (a)&nbsp;represents any share(s) of Perpetual Strife Preferred Stock; (b)&nbsp;subject to <B>Section</B><B></B><B>&nbsp;3(d)(i)(2)</B>, is substantially in the form set forth in <B>Exhibit</B>
<B>A</B>, registered in the name of the Depositary or its nominee, duly executed by the Company and countersigned by the Transfer Agent; and (c)&nbsp;is deposited with the Transfer Agent, as custodian for the Depositary (or, in the case of an
Electronic Certificate, is otherwise admitted for book-entry settlement through the Depositary in accordance with the Depositary Procedures). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Global Certificate Legend</B>&#148; means a legend substantially in the form set forth in <B>Exhibit B</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Holder</B>&#148; means any person in whose name any Perpetual Strife Preferred Stock is registered on the Registrar&#146;s books.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Initial Issue Date</B>&#148; means March&nbsp;25, 2025. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Junior Stock</B>&#148; means any Dividend Junior Stock or Liquidation Junior Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Last Reported Sale Price</B>&#148; per share of Perpetual Strife Preferred Stock for any Trading Day means the closing sale price per
share (or, if no closing sale price is reported, the average of the last bid price and the last ask price per share or, if more than one in either case, the average of the average last bid prices and the average last ask prices per share) of
Perpetual Strife Preferred Stock on such Trading Day as reported in composite transactions for the principal U.S. national or regional securities exchange on which the Perpetual Strife Preferred Stock is then listed. If the Perpetual Strife
Preferred Stock is not listed on a U.S. national or regional securities exchange on such Trading Day, then the Last Reported Sale Price will be the last quoted bid price per share of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 4 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Perpetual Strife Preferred Stock on such Trading Day in the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">over-the-counter</FONT></FONT> market as reported by OTC Markets
Group Inc. or a similar organization. If the Perpetual Strife Preferred Stock is not so quoted on such Trading Day, then the Last Reported Sale Price will be the <FONT STYLE="white-space:nowrap">mid-point</FONT> of the last bid price and the last
ask price per share of Perpetual Strife Preferred Stock on such Trading Day from a nationally recognized independent investment banking firm the Company selects, which may be any of the Underwriters (or, if no such last bid price or last ask price
is available, the fair value of one share of Perpetual Strife Preferred Stock on such Trading Day determined by a nationally recognized independent investment banking firm the Company selects, which may be any of the Underwriters). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Liquidation Junior Stock</B>&#148; means any class or series of the Company&#146;s stock whose terms do not expressly provide that
such class or series will rank senior to, or equally with, the Perpetual Strife Preferred Stock with respect to the distribution of assets upon the Company&#146;s liquidation, dissolution or winding up. Liquidation Junior Stock includes the
Class&nbsp;A Common Stock, the Class&nbsp;B Common Stock and the Company&#146;s outstanding Perpetual Strike Preferred Stock. For the avoidance of doubt, Liquidation Junior Stock will not include any securities of the Company&#146;s Subsidiaries.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Liquidation Parity Stock</B>&#148; means any class or series of the Company&#146;s stock (other than the Perpetual Strife
Preferred Stock) whose terms expressly provide that such class or series will rank equally with the Perpetual Strife Preferred Stock with respect to the distribution of assets upon the Company&#146;s liquidation, dissolution or winding up. For the
avoidance of doubt, Liquidation Parity Stock will not include any securities of the Company&#146;s Subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Liquidation
Preference</B>&#148; initially means one hundred dollars ($100) per share of Perpetual Strife Preferred Stock;<I> provided</I>, <I>however</I>, that, effective immediately after the Close of Business on each Business Day after the Initial Issue Date
(and, if applicable, during the course of a Business Day on which any sale transaction to be settled by the issuance of Perpetual Strife Preferred Stock is executed, from the exact time of the first such sale transaction during such Business Day
until the Close of Business of such Business Day), the Liquidation Preference per share of Perpetual Strife Preferred Stock will be adjusted to be the greatest of (a)&nbsp;the Stated Amount per share of Perpetual Strife Preferred Stock; (b)&nbsp;in
the case of any Business Day with respect to which the Company has, on such Business Day or any Business Day during the ten (10)&nbsp;Trading Day period preceding such Business Day, executed any sale transaction to be settled by the issuance of
Perpetual Strife Preferred Stock, an amount equal to the Last Reported Sale Price per share of Perpetual Strife Preferred Stock on the Trading Day immediately before such Business Day; and (c)&nbsp;the arithmetic average of the Last Reported Sale
Prices per share of Perpetual Strife Preferred Stock for each Trading Day of the ten (10)&nbsp;consecutive Trading Days immediately preceding such Business Day, provided, however, that, if applicable, the reference in this <B>clause (c)</B>&nbsp;to
ten (10)&nbsp;will be replaced by such lesser number of Trading Days as have elapsed during the period from, and including, the Initial Issue Date to, but excluding, such Business Day. Notwithstanding anything to the contrary in the preceding
sentence, at all times before the first (1st) date on which the Company executes any sale transaction to be settled by the issuance of Perpetual Strife Preferred Stock (other than the Perpetual Strife Preferred Stock initially issued on the Initial
Issue Date), the Liquidation Preference per share of Perpetual Strife Preferred Stock will be one hundred dollars ($100). Whenever this Certificate of Designations refers to the Liquidation </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 5 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Preference of the Perpetual Strife Preferred Stock as of a particular date without setting forth a particular time on such date, such reference will be deemed to be to the Liquidation Preference
immediately after the Close of Business on such date. For purposes of this definition, any reference to the Company&#146;s execution of any sale transaction to be settled by the issuance of Perpetual Strife Preferred Stock includes any resale of any
shares of Perpetual Strife Preferred Stock that the Company or any of its Subsidiaries have purchased or otherwise acquired. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Liquidation Senior Stock</B>&#148; means any class or series of the Company&#146;s stock whose terms expressly provide that such
class or series will rank senior to the Perpetual Strife Preferred Stock with respect to the distribution of assets upon the Company&#146;s liquidation, dissolution or winding up. For the avoidance of doubt, Liquidation Senior Stock will not include
any securities of the Company&#146;s Subsidiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Market Disruption Event</B>&#148; means, with respect to the Perpetual Strife
Preferred Stock, on any date, the occurrence or existence, during the <FONT STYLE="white-space:nowrap">one-half</FONT> hour period ending at the scheduled close of trading on such date on the principal U.S. national or regional securities exchange
or other market on which the Perpetual Strife Preferred Stock is listed for trading or trades, of any material suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant exchange or
otherwise) in the Perpetual Strife Preferred Stock or in any options contracts or futures contracts relating to the Perpetual Strife Preferred Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Number of Incremental Diluted Shares</B>&#148; means the increase in the number of diluted shares of the applicable class or series
of Junior Stock (determined in accordance with generally accepted accounting principles in the United States, as the same is in effect on the Initial Issue Date, and assuming net income is positive) that would result from the grant, vesting or
exercise of equity-based compensation to directors, employees, contractors and agents (subject to proportionate adjustment for stock dividends, stock splits or stock combinations with respect to such class or series of Junior Stock). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Officer</B>&#148; means, with respect to the Company, the Executive Chairman, the President, the Chief Executive Officer, Chief
Financial Officer, the Chief Accounting Officer, the Treasurer, the Secretary, any Executive or Senior Vice President or any Vice President (whether or not designated by a number or numbers or word or words added before or after the title &#147;Vice
President&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Optional Redemption</B>&#148; has the meaning set forth in <B>Section</B><B></B><B>&nbsp;7(a)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Paying Agent</B>&#148; has the meaning set forth in <B>Section</B><B></B><B>&nbsp;3(g)(i)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Permitted Party</B>&#148; means any &#147;person&#148; or &#147;group&#148; (within the meaning of Section&nbsp;13(d)(3) of the
Exchange Act) that consists of, or includes, Michael J. Saylor, the heirs of Michael J. Saylor, or any Affiliates of Michael J. Saylor or the heirs of Michael J. Saylor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Perpetual Strife Preferred Stock</B>&#148; has the meaning set forth in <B>Section</B><B></B><B>&nbsp;3(a)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Perpetual Strike Preferred Stock</B>&#148; means the 8.00% Series A Perpetual Strike Preferred Stock, $0.001 par value per share, of
the Company. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 6 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Person</B>&#148; or &#147;<B>person</B>&#148; means any individual, corporation,
partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization or government or other agency or political subdivision thereof. Any division or series of a limited liability company,
limited partnership or trust will constitute a separate &#147;person&#148; under this Certificate of Designations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Physical
Certificate</B>&#148; means any certificate (including an Electronic Certificate, subject to <B>Section</B><B></B><B>&nbsp;3(d)(iii)</B>) that (a)&nbsp;is not a Global Certificate; and (b)&nbsp;represents any share(s) of Perpetual Strife Preferred
Stock; and (c)&nbsp;subject to <B>Section</B><B></B><B>&nbsp;3(d)(i)(2)</B>, is substantially in the form set forth in <B>Exhibit</B> <B>A</B>, registered in the name of the Holder of such share(s) and duly executed by the Company and countersigned
by the Transfer Agent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Preferred Stock Director</B>&#148; has the meaning set forth in
<B>Section</B><B></B><B>&nbsp;9(a)(i)</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Redemption</B>&#148; means an Optional Redemption or a Tax Redemption. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Redemption Date</B>&#148; means the date fixed, pursuant to <B>Section</B><B></B><B>&nbsp;7(d)</B>, for the settlement of the
repurchase of the Perpetual Strife Preferred Stock by the Company pursuant to a Redemption. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Redemption Notice</B>&#148; has the
meaning set forth in <B>Section</B><B></B><B>&nbsp;7(e)</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Redemption Notice Date</B>&#148; means, with respect to a
Redemption of the Perpetual Strife Preferred Stock, the date on which the Company sends the related Redemption Notice pursuant to <B>Section</B><B></B><B>&nbsp;7(e)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Redemption Price</B>&#148; means the consideration payable by the Company to repurchase any Perpetual Strife Preferred Stock upon its
Redemption, calculated pursuant to <B>Section</B><B></B><B>&nbsp;7(c)</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Register</B>&#148; has the meaning set forth in
<B>Section</B><B></B><B>&nbsp;3(g)(ii)</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Registrar</B>&#148; has the meaning set forth in
<B>Section</B><B></B><B>&nbsp;3(g)(i)</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A &#147;<B>Regular Dividend <FONT STYLE="white-space:nowrap">Non-Payment</FONT>
Event</B>&#148; will be deemed to occur upon the occurrence of either of the following events (in each case, subject to <B>Section</B><B></B><B>&nbsp;5(a)</B>): (a) if less than the full amount of accumulated and unpaid Regular Dividends on the
shares of Perpetual Strife Preferred Stock outstanding as of the applicable Regular Dividend Record Date have been declared and paid by the following Regular Dividend Payment Date in respect of each of four (4)&nbsp;or more consecutive Regular
Dividend Payment Dates; or (b)&nbsp;if less than the full amount of accumulated and unpaid Regular Dividends on the shares of Perpetual Strife Preferred Stock outstanding as of the applicable Regular Record Date have been declared and paid by the
following Regular Dividend Payment Date in respect of each of eight (8)&nbsp;or more consecutive Regular Dividend Payment Dates. A Regular Dividend <FONT STYLE="white-space:nowrap">Non-Payment</FONT> Event that has occurred will be deemed to
continue until such time when all accumulated and unpaid Regular Dividends on the outstanding Perpetual Strife Preferred Stock have been paid in full, at which time such Regular Dividend <FONT STYLE="white-space:nowrap">Non-Payment</FONT> Event will
be deemed to be cured and cease to be continuing. For purposes of this definition, a Regular </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 7 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Dividend on the Perpetual Strife Preferred Stock will be deemed to have been paid if such dividend is declared and cash that is sufficient to pay such dividend is set aside for the benefit of the
Holders entitled thereto. For the avoidance of doubt, the Regular Dividend <FONT STYLE="white-space:nowrap">Non-Payment</FONT> Events set forth in <B>clauses (i)</B>&nbsp;and <B>(ii)</B> above are separate Regular Dividend <FONT
STYLE="white-space:nowrap">Non-Payment</FONT> Events, each providing for a separate right to appoint a Preferred Stock Director pursuant to <B>Section</B><B></B><B>&nbsp;9(a)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Regular Dividend Payment Date</B>&#148; means, with respect to any share of Perpetual Strife Preferred Stock, each March&nbsp;31,
June&nbsp;30, September&nbsp;30 and December&nbsp;31 of each year, beginning on June&nbsp;30, 2025 (or beginning on such other date specified in the certificate representing such share). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Regular Dividend Period</B>&#148; means each period from, and including, a Regular Dividend Payment Date (or, in the case of the
first Regular Dividend Period, from, and including, the Initial Issue Date) to, but excluding, the next Regular Dividend Payment Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Regular Dividend Rate</B>&#148; means 10.00% per annum. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Regular Dividends</B>&#148; has the meaning set forth in <B>Section</B><B></B><B>&nbsp;5(a)(i)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Regular Record Date</B>&#148; has the following meaning: (a)&nbsp;March&nbsp;15, in the case of a Regular Dividend Payment Date
occurring on March 31; (b) June&nbsp;15, in the case of a Regular Dividend Payment Date occurring on June 30; (c) September&nbsp;15, in the case of a Regular Dividend Payment Date occurring on September 30; and (d)&nbsp;December&nbsp;15, in the case
of a Regular Dividend Payment Date occurring on December 31. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Repurchase Upon Fundamental Change</B>&#148; means the repurchase
of any share of Perpetual Strife Preferred Stock by the Company pursuant to <B>Section</B><B></B><B>&nbsp;8</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>SEC</B>&#148;
means the U.S. Securities and Exchange Commission. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Securities Act</B>&#148; means the Securities Act of 1933, as amended. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Share Agent</B>&#148; means the Transfer Agent or any Registrar or Paying Agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Specified Dividend Payment Date</B>&#148; means a Regular Dividend Payment Date or a Deferred Regular Dividend Payment Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Specified Regular Record Date</B>&#148; means a Regular Record Date or a Deferred Record Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Stated Amount</B>&#148; means one hundred dollars ($100) per share of Perpetual Strife Preferred Stock. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 8 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Subsidiary</B>&#148; means, with respect to any Person, (a)&nbsp;any corporation,
association or other business entity (other than a partnership or limited liability company) of which more than fifty percent (50%) of the total voting power of the Capital Stock entitled (without regard to the occurrence of any contingency, but
after giving effect to any voting agreement or stockholders&#146; agreement that effectively transfers voting power) to vote in the election of directors, managers or trustees, as applicable, of such corporation, association or other business entity
is owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of such Person; and (b)&nbsp;any partnership or limited liability company where (x)&nbsp;more than fifty percent (50%) of the capital accounts,
distribution rights, equity and voting interests, or of the general and limited partnership interests, as applicable, of such partnership or limited liability company are owned or controlled, directly or indirectly, by such Person or one or more of
the other Subsidiaries of such Person, whether in the form of membership, general, special or limited partnership or limited liability company interests or otherwise; and (y)&nbsp;such Person or any one or more of the other Subsidiaries of such
Person is a controlling general partner of, or otherwise controls, such partnership or limited liability company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A &#147;<B>Tax
Event</B>&#148; will be deemed to occur if the Company has received an opinion of counsel experienced in such matters to the effect that, as a result of: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) any amendment to, clarification of, or change, including any announced prospective change, in the laws or treaties of the United States or
any of its political subdivisions or taxing authorities, or any regulations under those laws or treaties; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) an administrative action,
which means any judicial decision or any official administrative pronouncement, ruling, regulatory procedure, notice or announcement, including any notice or announcement of intent to issue or adopt any administrative pronouncement, ruling,
regulatory procedure or regulation; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) any amendment to, clarification of, or change in the official position or the interpretation of
any administrative action or judicial decision or any interpretation or pronouncement that provides for a position with respect to an administrative action or judicial decision that differs from the previously generally accepted position, in each
case by any legislative body, court, governmental authority or regulatory body, regardless of the time or manner in which that amendment, clarification or change is introduced or made known; or </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) a threatened challenge asserted in writing in connection with a tax audit of the Company or any of its Subsidiaries, or a publicly known
threatened challenge asserted in writing against any other taxpayer that has raised capital through the issuance of securities that are substantially similar to the Perpetual Strife Preferred Stock, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">which amendment, clarification or change is effective or the administrative action is taken or judicial decision, interpretation or pronouncement is issued or
threatened challenge is asserted or becomes publicly known after March&nbsp;20, 2025, there is more than an insubstantial risk that any of the outstanding Perpetual Strife Preferred Stock is treated as
<FONT STYLE="white-space:nowrap">&#147;fast-pay</FONT> stock&#148; within the meaning of Treasury Regulation <FONT STYLE="white-space:nowrap">Section&nbsp;1.7701(l)-3(b)(2)</FONT> (or becomes subject to substantially similar successor provision).
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Tax Redemption</B>&#148; has the meaning set forth in <B>Section</B><B></B><B>&nbsp;7(b)</B>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 9 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Trading Day</B>&#148; means, with respect to the Perpetual Strife Preferred Stock,
any day on which (a)&nbsp;trading in the Perpetual Strife Preferred Stock generally occurs on the principal U.S. national or regional securities exchange on which the Perpetual Strife Preferred Stock is then listed or, if the Perpetual Strife
Preferred Stock, as applicable, is not then listed on a U.S. national or regional securities exchange, on the principal other market on which the Perpetual Strife Preferred Stock is then traded; and (b)&nbsp;there is no Market Disruption Event. If
the Perpetual Strife Preferred Stock is not so listed or traded, then &#147;Trading Day&#148; with respect to the Perpetual Strife Preferred Stock means a Business Day. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Transfer Agent</B>&#148; means U.S. Bank Trust Company, National Association or its successor as provided in
<B>Section</B><B></B><B>&nbsp;3(g)(iii)</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Underwriters</B>&#148; means Morgan Stanley&nbsp;&amp; Co. LLC, Barclays Capital
Inc., Citigroup Global Markets Inc., Moelis&nbsp;&amp; Company LLC, Cantor Fitzgerald&nbsp;&amp; Co., Keefe, Bruyette, &amp; Woods, Inc., Mizuho Securities USA LLC, SG Americas Securities, LLC, AmeriVet Securities, Inc., Bancroft Capital, LLC, BTIG,
LLC and The Benchmark Company, LLC. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Voting Parity Stock</B>&#148; means, with respect to any matter as to which Holders are
entitled to vote pursuant to <B>Section</B><B></B><B>&nbsp;9(a)</B> or <B>Section</B><B></B><B>&nbsp;9(b)</B>, each class or series of outstanding Dividend Parity Stock or Liquidation Parity Stock, if any, upon which similar voting rights are
conferred and are exercisable with respect to such matter. For the avoidance of doubt, Voting Parity Stock will not include any securities of the Company&#146;s Subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Wholly Owned Subsidiary</B>&#148; of a Person means any Subsidiary of such Person all of the outstanding Capital Stock or other
ownership interests of which (other than directors&#146; qualifying shares) are owned by such Person or one or more Wholly Owned Subsidiaries of such Person. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;2. <U>R<SMALL>ULES</SMALL> <SMALL>OF</SMALL> C<SMALL>ONSTRUCTION</SMALL></U><SMALL></SMALL>. For purposes of this Certificate of
Designations: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) &#147;or&#148; is not exclusive; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) &#147;including&#148; means &#147;including without limitation&#148;; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) &#147;will&#148; expresses a command; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) the &#147;average&#148; of a set of numerical values refers to the arithmetic average of such numerical values; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) a merger involving, or a transfer of assets by, a limited liability company, limited partnership or trust will be deemed to include any
division of or by, or an allocation of assets to a series of, such limited liability company, limited partnership or trust, or any unwinding of any such division or allocation; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) words in the singular include the plural, and words in the plural include the singular, unless the context requires otherwise; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g) &#147;herein,&#148; &#147;hereof&#148; and other words of similar import refer to this Certificate of Designations as a whole and not to
any particular Section or other subdivision of this Certificate of Designations, unless the context requires otherwise; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 10 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(h) references to currency mean the lawful currency of the United States of America, unless
the context requires otherwise; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) the exhibits, schedules and other attachments to this Certificate of Designations are deemed to
form part of this Certificate of Designations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;3. <U>T<SMALL>HE</SMALL> P<SMALL>ERPETUAL</SMALL> S<SMALL>TRIFE</SMALL>
P<SMALL>REFERRED</SMALL> S<SMALL>TOCK</SMALL></U><SMALL></SMALL>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <I>Designation; Par Value</I>. A series of stock of the Company
titled the &#147;10.00% Series A Perpetual Strife Preferred Stock&#148; (the &#147;<B>Perpetual Strife Preferred Stock</B>&#148;) is hereby designated and created out of the authorized and unissued shares of preferred stock of the Company. The par
value of the Perpetual Strife Preferred Stock is $0.001 per share. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <I>Number of Authorized Shares</I>. The total authorized number of
shares of Perpetual Strife Preferred Stock is eight million five hundred thousand (8,500,000); <I>provided</I>, <I>however</I> that, without the consent of any Holder or other Person, the total number of authorized shares of Perpetual Strife
Preferred Stock may, by resolution of the Board of Directors, hereafter be (i)&nbsp;reduced to a number that is not less than the number of shares of Perpetual Strife Preferred Stock then outstanding; or (ii)&nbsp;increased, <I>provided</I>, that in
no event will such increase be by an amount that exceeds the total number of authorized and undesignated shares of preferred stock of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <I>Additional Perpetual Strife Preferred Stock</I>. After the Initial Issue Date, the Company may, without the consent of any Holder, but
subject to the provisions of this Certificate of Designations (including <B>Section</B><B></B><B>&nbsp;3(e)</B>), (i) originally issue additional shares of Perpetual Strife Preferred Stock with the same terms as the other shares of Perpetual Strife
Preferred Stock then outstanding (except, to the extent applicable, with respect to the date as of which Regular Dividends begin to accumulate on, the first Regular Dividend Payment Date for, and transfer restrictions applicable to, such additional
shares of Perpetual Strife Preferred Stock), which additional shares of Perpetual Strife Preferred Stock will, subject to the foregoing, be considered to be part of the same series of, and rank equally and ratably with all other, shares of Perpetual
Strife Preferred Stock; or (ii)&nbsp;resell any Perpetual Strife Preferred Stock that the Company or any of its Subsidiaries has purchased or otherwise acquired; <I>provided</I>, <I>however</I>, that if any such additional or resold shares of
Perpetual Strife Preferred Stock are not fungible with other shares of Perpetual Strife Preferred Stock then outstanding for purposes of federal securities laws or, if applicable, the Depositary Procedures, then such additional or resold shares of
Perpetual Strife Preferred Stock will be identified by a separate CUSIP number or by no CUSIP number. In addition, without the consent of any Holder, the Company may create and issue, or increase the authorized or issued number of, any other class
or series of stock that is not Dividend Senior Stock or Liquidation Senior Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <I>Form, Dating and Denominations</I>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <I>Form and Date of Certificates Representing Perpetual Strife Preferred Stock</I>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 11 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) <I>Generally</I>. Each certificate representing any Perpetual Strife
Preferred Stock will: (1)&nbsp;subject to <B>Section</B><B></B><B>&nbsp;3(d)(i)(2)</B>, be substantially in the form set forth in <B>Exhibit A</B>; (2)&nbsp;bear the legends required by <B>Section</B><B></B><B>&nbsp;3(h)</B> (and may bear notations,
legends or endorsements required by law, stock exchange rule or usage or the Depositary); and (3)&nbsp;be dated as of the date it is countersigned by the Transfer Agent. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) <I>Modifications to the Form of Certificates to Accommodate Issuance of Additional Perpetual Strife Preferred Stock</I>.
Notwithstanding anything to the contrary in this Certificate of Designations, if any Perpetual Strife Preferred Stock is originally issued after the Initial Issue Date pursuant to <B>Section</B><B></B><B>&nbsp;3(c)</B>, then the certificate(s)
representing such Perpetual Strife Preferred Stock may contain deviations from the form set forth in <B>Exhibit A</B> that the Company in good faith determines are appropriate to permit the timely and orderly issuance thereof (including, for the
avoidance of doubt, issuances on a daily basis pursuant to an <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&#147;at-the-market&#148;</FONT></FONT> or similar program) and to accommodate any reasonable requirements of the
Transfer Agent in connection therewith. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) <I>Global Certificates; Physical Certificates</I>. Except as otherwise
provided in the applicable resolutions of the Board of Directors providing for the original issuance of any Perpetual Strife Preferred Stock, such Perpetual Strife Preferred Stock will be issued initially in the form of one or more Global
Certificates. Global Certificates may be exchanged for Physical Certificates, and Physical Certificates may be exchanged for Global Certificates, only as provided in <B>Section</B><B></B><B>&nbsp;3(i)</B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) <I>Electronic Certificates; Interpretation</I>. For purposes of this Certificate of Designations, (1)&nbsp;each
Electronic Certificate will be deemed to include the text of, and to otherwise to be in, the form of Certificate set forth in <B>Exhibit A</B> (subject to <B>Section</B><B></B><B>&nbsp;3(d)(i)(2)</B>); (2) any legend, registration number or other
notation that is required to be included on a Physical Certificate or Global Certificate will be deemed to be affixed to any Electronic Certificate notwithstanding that such Electronic Certificate may be in a form that does not permit affixing
legends thereto; (3)&nbsp;any reference in this Certificate of Designations to the &#147;delivery&#148; of any Electronic Certificate will be deemed to be satisfied upon the registration (or delivery to the Transfer Agent of an instruction for the
registration) of the electronic book entry representing such Electronic Certificate in the name of the applicable Holder; (4)&nbsp;any requirement to deliver or surrender an Electronic Certificate to the Paying Agent for settlement in connection
with a Repurchase Upon Fundamental Change or Redemption will be deemed to be satisfied upon the satisfaction of all other requirements for such settlement; and (5)&nbsp;upon satisfaction of any applicable requirements of the Delaware General
Corporation Law, the Certificate of Incorporation and the Bylaws of the Company, and any related requirements of the Transfer Agent, in each case for the issuance of Perpetual Strife Preferred Stock in the form of one or more Electronic
Certificates, such Electronic Certificates will be deemed to be executed by the Company and countersigned by the Transfer Agent. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) <I>No Bearer Certificates; Denominations</I>. The Perpetual Strife Preferred Stock will be issued only in registered form
and only in whole numbers of shares. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 12 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) <I>Registration Numbers</I>. Each certificate representing any share(s)
of Perpetual Strife Preferred Stock will bear a unique registration number that is not affixed to any other certificate representing any other outstanding share of Perpetual Strife Preferred Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) <I>Execution, Countersignature and Delivery</I>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <I>Due Execution by the Company</I>. Subject to <B>Section</B><B></B><B>&nbsp;3(d)(iii)</B>, at least two (2)&nbsp;duly
authorized Officers will sign each certificate representing any Perpetual Strife Preferred Stock on behalf of the Company by manual or facsimile signature. For the avoidance of doubt, facsimile signatures will include electronic signatures. The
validity of any Perpetual Strife Preferred Stock will not be affected by the failure of any Officer whose signature is on any certificate representing such Perpetual Strife Preferred Stock to hold, at the time such certificate is countersigned by
the Transfer Agent, the same or any other office at the Company. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) <I>Countersignature by Transfer Agent</I>. Subject
to <B>Section</B><B></B><B>&nbsp;3(d)(iii)</B>, (1) no Perpetual Strife Preferred Stock will be valid until the certificate representing it is countersigned by the Transfer Agent; and (2)&nbsp;each such certificate will be deemed to be duly
countersigned only when an authorized signatory of the Transfer Agent (or a duly appointed agent thereof) manually signs the countersignature block set forth in such certificate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) <I>Method of Payment; Delay When Payment Date is Not a Business Day</I>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <I>Method of Payment</I>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) <I>Global Certificates</I>. The Company will pay (or cause a Paying Agent to pay) all declared cash Regular Dividends or
other cash amounts due on any Perpetual Strife Preferred Stock represented by a Global Certificate by wire transfer of immediately available funds. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) <I>Physical Certificates</I>. The Company will pay (or cause a Paying Agent to pay) all declared cash Regular Dividends or
other cash amounts due on any Perpetual Strife Preferred Stock represented by a Physical Certificate as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(A) if
the aggregate Stated Amount of the Perpetual Strife Preferred Stock represented by such Physical Certificate is at least five million dollars ($5,000,000) (or such lower amount as the Company may choose in its sole and absolute discretion) and the
Holder of such Perpetual Strife Preferred Stock entitled to such cash Regular Dividend or amount has delivered to the Paying Agent, no later than the time set forth in the next sentence, a written request to receive payment by wire transfer to an
account of such Holder within the United States, by wire transfer of immediately available funds to such account; and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 13 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(B) in all other cases, by check mailed to the address of such Holder set
forth in the Register. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman">To be timely, such written request must be delivered no later than the Close of Business on the following date:
(x)&nbsp;with respect to the payment of any declared cash Regular Dividend due on a Regular Dividend Payment Date for the Perpetual Strife Preferred Stock, the immediately preceding Regular Record Date; and (y)&nbsp;with respect to any other
payment, the date that is fifteen (15)&nbsp;calendar days immediately before the date such payment is due. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) <I>Delay
of Payment when Payment Date is Not a Business Day</I>. If the due date for a payment on any Perpetual Strife Preferred Stock as provided in this Certificate of Designations is not a Business Day, then, notwithstanding anything to the contrary in
this Certificate of Designations, such payment may be made on the immediately following Business Day with the same force and effect as if such payment were made on such due date (and, for the avoidance of doubt, no interest, dividend or other amount
will accrue or accumulate on such payment as a result of the related delay). Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be
closed will be deemed not to be a &#147;Business Day.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g) <I>Transfer Agent, Registrar and Paying Agen</I><I>t.</I> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <I>Generally</I>. The Company will maintain (1)&nbsp;an office or agency in the continental United States where Perpetual
Strife Preferred Stock may be presented for registration of transfer or for exchange (the &#147;<B>Registrar</B>&#148;); and (2)&nbsp;an office or agency in the continental United States where Perpetual Strife Preferred Stock may be presented for
payment (the &#147;<B>Paying Agent</B>&#148;). If the Company fails to maintain a Registrar or Paying Agent, then the Transfer Agent will act as such. For the avoidance of doubt, the Company or any of its Subsidiaries may act as Registrar or Paying
Agent. Notwithstanding anything to the contrary in this <B>Section</B><B></B><B>&nbsp;3(g)(i)</B> or in <B>Section</B><B></B><B>&nbsp;3(g)(iii)</B>, each of the Transfer Agent, Registrar and Paying Agent with respect to any Perpetual Strife
Preferred Stock represented by a Global Certificate must at all times be a Person that is eligible to act in that capacity under the Depositary Procedures. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) <I>Duties of the Registrar</I>. The Company will cause the Registrar to keep a record (the &#147;<B>Register</B>&#148;) of
the names and addresses of the Holders, the number of shares of Perpetual Strife Preferred Stock held by each Holder and the transfer, exchange, repurchase and Redemption of the Perpetual Strife Preferred Stock. Absent manifest error, the entries in
the Register will be conclusive and the Company and the Transfer Agent may treat each Person whose name is recorded as a Holder in the Register as a Holder for all purposes. The Register will be in written form or in any form capable of being
converted into written form reasonably promptly. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 14 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) <I><FONT STYLE="white-space:nowrap">Co-Agents;</FONT>
Company</I><I>&#146;</I><I>s Right to Appoint Successor Transfer Agent, Registrar and Paying Agent</I>. The Company may appoint one or more <FONT STYLE="white-space:nowrap">co-Registrars</FONT> and <FONT STYLE="white-space:nowrap">co-Paying</FONT>
Agents, each of whom will be deemed to be a Registrar or Paying Agent, as applicable, under this Certificate of Designations. Subject to <B>Section</B><B></B><B>&nbsp;3(g)(i)</B>, the Company may change the Transfer Agent or any Registrar or Paying
Agent (including appointing itself or any of its Subsidiaries to act as a Registrar or Paying Agent) without notice to any Holder; <I>provided</I>, <I>however</I>, that the Company will not remove a Person acting as Transfer Agent under this
Certificate of Designations until and unless a successor has been appointed and has accepted such appointment. Upon the request of any Holder, the Company will notify such Holder of the name and address of each Share Agent or <FONT
STYLE="white-space:nowrap">co-Share</FONT> Agent. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) <I>Initial Appointments</I>. The Company appoints U.S. Bank Trust
Company, National Association, as the initial Transfer Agent, the initial Paying Agent and the initial Registrar. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v)
<I>Duties When the Company or its Subsidiary Acts as Paying Agent</I>. If the Company or any of its Subsidiaries acts as Paying Agent, then (1)&nbsp;it will segregate for the benefit of the Holders all money and other property held by it as Paying
Agent; and (2)&nbsp;references in this Certificate of Designations to the Paying Agent holding cash or other property, or to the delivery of cash or other property to the Paying Agent, in each case for payment or delivery to any Holders or with
respect to the Perpetual Strife Preferred Stock, will be deemed to refer to cash or other property so segregated, or to the segregation of such cash or other property, respectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(h) <I>Legends</I>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <I>Global Certificate Legend</I>. Each Global Certificate will bear the Global Certificate Legend (or any similar legend,
not inconsistent with this Certificate of Designations, required by the Depositary for such Global Certificate). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii)
<I>Other Legends</I>. The certificate(s) representing any Perpetual Strife Preferred Stock may bear any other legend or text, not inconsistent with this Certificate of Designations, as may be required by applicable law or by any securities exchange
or automated quotation system on which such Perpetual Strife Preferred Stock is traded or quoted or as may be otherwise reasonably determined by the Company to be appropriate based on the advice of nationally recognized outside counsel. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) <I>Acknowledgement and Agreement by the Holders</I>. A Holder&#146;s acceptance of any Perpetual Strife Preferred Stock
represented by a certificate bearing any legend required by this <B>Section</B><B></B><B>&nbsp;3(h)</B> will constitute such Holder&#146;s acknowledgement of, and agreement to comply with, the restrictions set forth in such legend. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <I>Transfers and Exchanges</I><I>; Transfer Taxes; Certain Transfer Restrictions.</I>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <I>Provisions Applicable to All Transfers and Exchanges</I>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) <I>Generally</I>. Subject to this <B>Section</B><B></B><B>&nbsp;3(i)</B>, Perpetual Strife Preferred Stock represented by a
Physical Certificate, and beneficial interests in Global Certificates representing any Perpetual Strife Preferred Stock, may be transferred or exchanged from time to time and, in the case of a Physical Certificate, the Company will cause the
Registrar to record each such transfer or exchange in the Register. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 15 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) <I>No Services Charge; Transfer Taxes</I>. The Company and the Share
Agents will not impose any service charge on any Holder for any transfer or exchange of any Perpetual Strife Preferred Stock, but the Company, the Transfer Agent and the Registrar may require payment of a sum sufficient to cover any transfer tax or
similar governmental charge that may be imposed in connection with any transfer or exchange of Perpetual Strife Preferred Stock, other than exchanges pursuant to <B>Section</B><B></B><B>&nbsp;3(j)</B> or <B>Section</B><B></B><B>&nbsp;3(r)</B> not
involving any transfer. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3) <I>No Transfers or Exchanges of Fractional Shares</I>. Notwithstanding anything to the
contrary in this Certificate of Designations, all transfers or exchanges of Perpetual Strife Preferred Stock must be in an amount representing a whole number of shares of Perpetual Strife Preferred Stock, and no fractional share of Perpetual Strife
Preferred Stock may be transferred or exchanged. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(4) <I>Legends</I>. Each certificate representing any share of Perpetual
Strife Preferred Stock that is issued upon transfer of, or in exchange for, another share of Perpetual Strife Preferred Stock will bear each legend, if any, required by <B>Section</B><B></B><B>&nbsp;3(h)</B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(5) <I>Settlement of Transfers and Exchanges</I>. Upon satisfaction of the requirements of this Certificate of Designations to
effect a transfer or exchange of any Perpetual Strife Preferred Stock, the Company will cause such transfer or exchange to be effected as soon as reasonably practicable after the date of such satisfaction. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) <I>Transfers and Exchanges of Perpetual Strife Preferred Stock Represented by Global Certificates.</I> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) Subject to the immediately following sentence, no Perpetual Strife Preferred Stock represented by a Global Certificate may
be transferred or exchanged in whole except (x)&nbsp;by the Depositary to a nominee of the Depositary; (y)&nbsp;by a nominee of the Depositary to the Depositary or to another nominee of the Depositary; or (z)&nbsp;by the Depositary or any such
nominee to a successor Depositary or a nominee of such successor Depositary. No Perpetual Strife Preferred Stock represented by a Global Certificate may be transferred to, or exchanged for, Perpetual Strife Preferred Stock represented by one or more
Physical Certificates; <I>provided</I>, <I>however</I>, that a Global Certificate will be exchanged, pursuant to customary procedures, for one or more Physical Certificates if: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(A) (x) the Depositary notifies the Company or the Transfer Agent that the Depositary is unwilling or unable to continue as
Depositary for such Global Certificate or (y)&nbsp;the Depositary ceases to be a &#147;clearing agency&#148; registered under Section&nbsp;17A of the Exchange Act and, in each case, the Company fails to appoint a successor Depositary within ninety
(90)&nbsp;days of such notice or cessation; or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 16 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(B) the Company, in its sole discretion, permits the exchange of any
beneficial interest in such Global Certificate for Perpetual Strife Preferred Stock represented by one or more Physical Certificates at the request of the owner of such beneficial interest. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) Upon satisfaction of the requirements of this Certificate of Designations to effect a transfer or exchange of any Perpetual
Strife Preferred Stock represented by a Global Certificate: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(A) the Company will cause the Registrar to reflect any
resulting decrease of the number of shares of Perpetual Strife Preferred Stock represented by such Global Certificate by notation on the &#147;Schedule of Exchanges of Interests in the Global Certificate&#148; forming part of such Global Certificate
(and, if such notation results in such Global Certificate representing zero shares of Perpetual Strife Preferred Stock, then the Company may (but is not required to) instruct the Transfer Agent to cancel such Global Certificate pursuant to
<B>Section</B><B></B><B>&nbsp;3(n)</B>); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(B) if required to effect such transfer or exchange, then the Company will cause
the Registrar to reflect any resulting increase of the number of shares of Perpetual Strife Preferred Stock represented by any other Global Certificate by notation on the &#147;Schedule of Exchanges of Interests in the Global Certificate&#148;
forming part of such other Global Certificate; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(C) if required to effect such transfer or exchange, then the Company will
issue, execute and deliver, and cause the Transfer Agent to countersign, in each case in accordance with <B>Section</B><B></B><B>&nbsp;3(e)</B>, a new Global Certificate bearing each legend, if any, required by
<B>Section</B><B></B><B>&nbsp;3(h)</B>; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(D) if the Perpetual Strife Preferred Stock represented by such Global
Certificate, or any beneficial interest therein, is to be exchanged for Perpetual Strife Preferred Stock represented by one or more Physical Certificates, then the Company will issue, execute and deliver, and cause the Transfer Agent to countersign,
in each case in accordance with <B>Section</B><B></B><B>&nbsp;3(e)</B>, one or more Physical Certificates that (x)&nbsp;each represent a whole number of shares of Perpetual Strife Preferred Stock and, in the aggregate, represent a total number of
shares of Perpetual Strife Preferred Stock equal to the number of shares of Perpetual Strife Preferred Stock represented by such Global Certificate that are to be so exchanged; (y)&nbsp;are registered in such name(s) as the Depositary specifies (or
as otherwise determined pursuant to customary procedures); and (z)&nbsp;bear each legend, if any, required by <B>Section</B><B></B><B>&nbsp;3(h)</B>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 17 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3) Each transfer or exchange of a beneficial interest in any Global
Certificate will be made in accordance with the Depositary Procedures. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) <I>Transfers and Exchanges of Perpetual
Strife Preferred Stock Represented by Physical Certificates.</I> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) Subject to this
<B>Section</B><B></B><B>&nbsp;3(i)</B>, a Holder of any Perpetual Strife Preferred Stock represented by a Physical Certificate may (x)&nbsp;transfer any whole number of shares of such Perpetual Strife Preferred Stock to one or more other Person(s);
(y) exchange any whole number of shares of such Perpetual Strife Preferred Stock for an equal number of shares of Perpetual Strife Preferred Stock represented by one or more other Physical Certificates; and (z)&nbsp;if then permitted by the
Depositary Procedures, transfer any whole number of shares of such Perpetual Strife Preferred Stock in exchange for a beneficial interest in the same number of shares of Perpetual Strife Preferred Stock represented by one or more Global
Certificates; <I>provided</I>, <I>however</I>, that, to effect any such transfer or exchange, such Holder must surrender such Physical Certificate representing the Perpetual Strife Preferred Stock to be transferred or exchanged to the office of the
Transfer Agent or the Registrar, together with any endorsements or transfer instruments reasonably required by the Company, the Transfer Agent or the Registrar. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) Upon the satisfaction of the requirements of this Certificate of Designations to effect a transfer or exchange of any whole
number of shares of a Holder&#146;s Perpetual Strife Preferred Stock represented by a Physical Certificate (such Physical Certificate being referred to as the &#147;old Physical Certificate&#148; for purposes of this
<B>Section</B><B></B><B>&nbsp;3(i)(iii)(2)</B>): </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(A) such old Physical Certificate will be promptly cancelled pursuant to
<B>Section</B><B></B><B>&nbsp;3(n)</B>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(B) if only part of the Perpetual Strife Preferred Stock represented by such old
Physical Certificate is to be so transferred or exchanged, then the Company will issue, execute and deliver, and cause the Transfer Agent to countersign, in each case in accordance with <B>Section</B><B></B><B>&nbsp;3(e)</B>, one or more Physical
Certificates that (x)&nbsp;each represent a whole number of shares of Perpetual Strife Preferred Stock and, in the aggregate, represent a total number of shares of Perpetual Strife Preferred Stock equal to the number of shares of Perpetual Strife
Preferred Stock represented by such old Physical Certificate not to be so transferred or exchanged; (y)&nbsp;are registered in the name of such Holder; and (z)&nbsp;bear each legend, if any, required by <B>Section</B><B></B><B>&nbsp;3(h)</B>; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 18 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(C) in the case of a transfer: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:18%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(I) to the Depositary or a nominee thereof that will hold its interest in the shares of Perpetual Strife Preferred Stock to be
so transferred in the form of one or more Global Certificates, the Company will cause the Registrar to reflect an increase in the number of shares of Perpetual Strife Preferred Stock represented by one or more existing Global Certificates by
notation on the &#147;Schedule of Exchanges of Interests in the Global Certificate&#148; forming part of such Global Certificate(s), which increase(s) are each in whole numbers of shares of Perpetual Strife Preferred Stock and aggregate to the total
number of shares of Perpetual Strife Preferred Stock to be so transferred, and which Global Certificate(s) bear each legend, if any, required by <B>Section</B><B></B><B>&nbsp;3(h)</B>; <I>provided</I>, <I>however</I>, that if such transfer cannot be
so effected by notation on one or more existing Global Certificates (whether because no Global Certificates bearing each legend, if any, required by <B>Section</B><B></B><B>&nbsp;3(h)</B> then exist, because any such increase will result in any
Global Certificate representing a number of shares of Perpetual Strife Preferred Stock exceeding the maximum number permitted by the Depositary or otherwise), then the Company will issue, execute and deliver, and cause the Transfer Agent to
countersign, in each case in accordance with <B>Section</B><B></B><B>&nbsp;3(e)</B>, one or more Global Certificates that (x)&nbsp;each represent a whole number of shares of Perpetual Strife Preferred Stock and, in the aggregate, represent a total
number of shares of Perpetual Strife Preferred Stock equal to the number of shares of Perpetual Strife Preferred Stock that are to be so transferred but that are not effected by notation as provided above; and (y)&nbsp;bear each legend, if any,
required by <B>Section</B><B></B><B>&nbsp;3(h)</B>; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:18%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(II) to a transferee that will hold its interest in the shares of
Perpetual Strife Preferred Stock to be so transferred in the form of one or more Physical Certificates, the Company will issue, execute and deliver, and cause the Transfer Agent to countersign, in each case in accordance with
<B>Section</B><B></B><B>&nbsp;3(e)</B>, one or more Physical Certificates that (x)&nbsp;each represent a whole number of shares of Perpetual Strife Preferred Stock and, in the aggregate, represent a total number of shares of Perpetual Strife
Preferred Stock equal to the number of shares of Perpetual Strife Preferred Stock to be so transferred; (y)&nbsp;are registered in the name of such transferee; and (z)&nbsp;bear each legend, if any, required by
<B>Section</B><B></B><B>&nbsp;3(h)</B>; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(D) in the case of an exchange, the Company will issue, execute and deliver,
and cause the Transfer Agent to countersign, in each case in accordance with <B>Section</B><B></B><B>&nbsp;3(e)</B>, one or more Physical Certificates that (x)&nbsp;each represent a whole number of shares of Perpetual Strife Preferred Stock and, in
the aggregate, represent a total number of shares of Perpetual Strife Preferred Stock equal to the number of shares of Perpetual Strife Preferred Stock to be so exchanged; (y)&nbsp;are registered in the name of the Person to whom such old Physical
Certificate was registered; and (z)&nbsp;bear each legend, if any, required by <B>Section</B><B></B><B>&nbsp;3(h)</B>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 19 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) <I>Transfers of Shares Subject to Redemption</I>. Notwithstanding
anything to the contrary in this Certificate of Designations, the Company, the Transfer Agent and the Registrar will not be required to register the transfer of or exchange any share of Perpetual Strife Preferred Stock that has been called for
Redemption pursuant to a Redemption Notice, except to the extent that the Company fails to pay the related Redemption Price when due. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(j)
<I>Exchange and Cancellation of Perpetual Strife Preferred Stock to Be </I><I>Repurchased Pursuant to a Repurchase Upon Fundamental Change or Redemption</I>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <I>Cancellation of Perpetual Strife Preferred Stock Repurchased Pursuant to a Repurchase Upon Fundamental Change or
Redemption</I>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) <I>Physical Certificates</I>. If a Holder&#146;s Perpetual Strife Preferred Stock represented by a
Physical Certificate (or any portion thereof that has not theretofore been exchanged pursuant to <B>Section</B><B></B><B>&nbsp;3(j)(i)</B>) (such Physical Certificate being referred to as the &#147;old Physical Certificate&#148; for purposes of this
<B>Section</B><B></B><B>&nbsp;3(j)(i)(1)</B>) is to be repurchased pursuant to a Repurchase Upon Fundamental Change or Redemption, then, promptly after the later of the time such Perpetual Strife Preferred Stock is deemed to cease to be outstanding
pursuant to <B>Section</B><B></B><B>&nbsp;3(p)</B> and the time such old Physical Certificate is surrendered for such repurchase, (A)&nbsp;such old Physical Certificate will be cancelled pursuant to <B>Section</B><B></B><B>&nbsp;3(n)</B>; and
(B)&nbsp;in the case of a repurchase, the Company will issue, execute and deliver to such Holder, and cause the Transfer Agent to countersign, in each case in accordance with <B>Section</B><B></B><B>&nbsp;3(e)</B>, one or more Physical Certificates
that (x)&nbsp;each represent a whole number of shares of Perpetual Strife Preferred Stock and, in the aggregate, represent a total number of shares of Perpetual Strife Preferred Stock equal to the number of shares of Perpetual Strife Preferred Stock
represented by such old Physical Certificate that are not to be repurchased; (y)&nbsp;are registered in the name of such Holder; and (z)&nbsp;bear each legend, if any, required by <B>Section</B><B></B><B>&nbsp;3(h)</B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) <I>Global Certificates</I>. If a Holder&#146;s Perpetual Strife Preferred Stock represented by a Global Certificate (or any
portion thereof) is to be repurchased pursuant to a Repurchase Upon Fundamental Change or Redemption, then, promptly after the time such Perpetual Strife Preferred Stock is deemed to cease to be outstanding pursuant to
<B>Section</B><B></B><B>&nbsp;3(p)</B>, the Company will cause the Registrar to reflect a decrease of the number of shares of Perpetual Strife Preferred Stock represented by such Global Certificate in an amount equal to the number of shares of
Perpetual Strife Preferred Stock represented by such Global Certificate that are to be so converted or repurchased, as applicable, by notation on the &#147;Schedule of Exchanges of Interests in the Global Certificate&#148; forming part of such
Global Certificate (and, if the number of shares represented by such Global Certificate is zero following such notation, cancel such Global Certificate pursuant to <B>Section</B><B></B><B>&nbsp;3(n)</B>). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 20 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(k) <I>Status of Retired Shares</I>. Upon any share of Perpetual Strife Preferred Stock
ceasing to be outstanding, such share will be deemed to be retired and to resume the status of an authorized and unissued share of preferred stock of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(l) <I>Replacement </I><I>Certificates</I>. If a Holder of any Perpetual Strife Preferred Stock claims that the certificate(s) representing
such Perpetual Strife Preferred Stock have been mutilated, lost, destroyed or wrongfully taken, then the Company will issue, execute and deliver, and cause the Transfer Agent to countersign, in each case in accordance with
<B>Section</B><B></B><B>&nbsp;3(e)</B>, a replacement certificate representing such Perpetual Strife Preferred Stock upon surrender to the Company or the Transfer Agent of such mutilated certificate, or upon delivery to the Company or the Transfer
Agent of evidence of such loss, destruction or wrongful taking reasonably satisfactory to the Transfer Agent and the Company. In the case of a lost, destroyed or wrongfully taken certificate representing any Perpetual Strife Preferred Stock, the
Company and the Transfer Agent may require the Holder thereof to provide such security or indemnity that is reasonably satisfactory to the Company and the Transfer Agent to protect the Company and the Transfer Agent from any loss that any of them
may suffer if such certificate is replaced. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Every replacement Perpetual Strife Preferred Stock issued pursuant to this
<B>Section</B><B></B><B>&nbsp;3(l)</B> will, upon such replacement, be deemed to be outstanding Perpetual Strife Preferred Stock, entitled to all of the benefits of this Certificate of Designations equally and ratably with all other Perpetual Strife
Preferred Stock then outstanding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(m) <I>Registered Holders; Certain Rights with Respect to Global Certificates</I>. Only the Holder of
any Perpetual Strife Preferred Stock will have rights under this Certificate of Designations as the owner of such Perpetual Strife Preferred Stock. Without limiting the generality of the foregoing, Depositary Participants, as such, will have no
rights under this Certificate of Designations with respect to the Perpetual Strife Preferred Stock represented by any Global Certificate held on their behalf by the Depositary or its nominee, or by the Transfer Agent as its custodian, and the
Company and the Share Agents, and their respective agents, may treat the Depositary as the absolute owner of the Perpetual Strife Preferred Stock represented by such Global Certificate for all purposes whatsoever; <I>provided</I>, <I>however</I>,
that (i)&nbsp;the Holder of any Perpetual Strife Preferred Stock represented by any Global Certificate may grant proxies and otherwise authorize any Person, including Depositary Participants and Persons that hold interests in Perpetual Strife
Preferred Stock through Depositary Participants, to take any action that such Holder is entitled to take with respect to the Perpetual Strife Preferred Stock represented by such Global Certificate under this Certificate of Designations; and
(ii)&nbsp;the Company and the Share Agents, and their respective agents, will use commercially reasonable efforts to give effect to any written certification, proxy or other authorization furnished by the Depositary. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(n) <I>Cancellation</I>. The Company may at any time deliver Perpetual Strife Preferred Stock to the Transfer Agent for cancellation. The
Registrar and the Paying Agent will forward to the Transfer Agent each share of Perpetual Strife Preferred Stock duly surrendered to them for transfer, exchange or payment. The Company will cause the Transfer Agent to promptly cancel all shares of
Perpetual Strife Preferred Stock so surrendered to it in accordance with its customary procedures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(o) <I>Shares Held by the Company or
its Affiliates</I>. Without limiting the generality of <B>Sections</B> <B>3(p)</B> and <B>3(q)</B>, in determining whether the Holders of the required number of outstanding shares of Perpetual Strife Preferred Stock (and, if applicable, Voting
Parity Stock) have concurred in any direction, waiver or consent, shares of Perpetual Strife Preferred Stock owned by the Company or any of its Affiliates will be deemed not to be outstanding. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 21 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(p) <I>Outstanding Shares</I>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <I>Generally</I>. The shares of Perpetual Strife Preferred Stock that are outstanding at any time will be deemed to be
those shares of Perpetual Strife Preferred Stock that, at such time, have been duly executed by the Company and countersigned by the Transfer Agent, excluding those shares of Perpetual Strife Preferred Stock that have theretofore been
(1)&nbsp;cancelled by the Transfer Agent or delivered to the Transfer Agent for cancellation in accordance with <B>Section</B><B></B><B>&nbsp;3(n)</B>; (2) assigned a number of outstanding shares of zero by notation on the &#147;Schedule of
Exchanges of Interests in the Global Certificate&#148; forming part of the Global Certificate representing such Perpetual Strife Preferred Stock; (3)&nbsp;paid or settled in full upon their repurchase pursuant to a Repurchase Upon Fundamental Change
or Redemption in accordance with this Certificate of Designations; or (4)&nbsp;deemed to cease to be outstanding to the extent provided in, and subject to, <B>clause (ii)</B>&nbsp;or <B>(iii)</B> of this <B>Section</B><B></B><B>&nbsp;3(p)</B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) <I>Replaced Shares</I>. If any certificate representing any share of Perpetual Strife Preferred Stock is replaced pursuant
to <B>Section</B><B></B><B>&nbsp;3(l)</B>, then such share will cease to be outstanding at the time of such replacement, unless the Transfer Agent and the Company receive proof reasonably satisfactory to them that such share is held by a
&#147;<I>bona fide</I> purchaser&#148; under applicable law. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) <I>Shares to Be Repurchased Pursuant to a Repurchase
Upon Fundamental Change or Redemption</I>. If, on a Fundamental Change Repurchase Date or Redemption Date, the Paying Agent holds consideration in kind and amount that is sufficient to pay the aggregate Fundamental Change Repurchase Price or
Redemption Price, as applicable, due on such date, then (unless there occurs a default in the payment of the Fundamental Change Repurchase Price or Redemption Price, as applicable): (1) the Perpetual Strife Preferred Stock to be repurchased pursuant
to the related Repurchase Upon Fundamental Change or Redemption, as applicable, on such date will be deemed, as of such date, to cease to be outstanding (without limiting the Company&#146;s obligations pursuant to
<B>Section</B><B></B><B>&nbsp;5(e)</B>); and (2)&nbsp;the rights of the Holders of such Perpetual Strife Preferred Stock, as such, will terminate with respect to such Perpetual Strife Preferred Stock, other than the right to receive the Fundamental
Change Repurchase Price or Redemption Price, as applicable, as provided in <B>Section</B><B></B><B>&nbsp;7</B> or <B>Section</B><B></B><B>&nbsp;8</B> (and, if applicable, declared Regular Dividends as provided in
<B>Section</B><B></B><B>&nbsp;5(e)</B>). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(q) <I>Repurchases by the Company and its Subsidiaries</I>. Without limiting the generality of
<B>Section</B><B></B><B>&nbsp;3(n)</B>, subject to applicable law, the Company or its Subsidiaries may directly or indirectly repurchase Perpetual Strife Preferred Stock in the open market or otherwise, whether through private or public tender or
exchange offers, cash-settled swaps or other cash-settled derivatives without delivering prior notice to Holders. </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 22 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(r) <I>Notations and Exchanges</I>. Without limiting any rights of Holders pursuant to
<B>Section</B><B></B><B>&nbsp;9</B>, if any amendment, supplement or waiver to the Certificate of Incorporation or this Certificate of Designations changes the terms of any Perpetual Strife Preferred Stock, then the Company may, in its discretion,
require the Holder of the certificate representing such Perpetual Strife Preferred Stock to deliver such certificate to the Transfer Agent so that the Transfer Agent may place an appropriate notation prepared by the Company on such certificate and
return such certificate to such Holder. Alternatively, at its discretion, the Company may, in exchange for such Perpetual Strife Preferred Stock, issue, execute and deliver, and cause the Transfer Agent to countersign, in each case in accordance
with <B>Section</B><B></B><B>&nbsp;3(e)</B>, a new certificate representing such Perpetual Strife Preferred Stock that reflects the changed terms. The failure to make any appropriate notation or issue a new certificate representing any Perpetual
Strife Preferred Stock pursuant to this <B>Section</B><B></B><B>&nbsp;3(r)</B> will not impair or affect the validity of such amendment, supplement or waiver. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(s) <I>CUSIP and ISIN Numbers</I>. The Company may use one or more CUSIP or ISIN numbers to identify any of the Perpetual Strife Preferred
Stock, and, if so, the Company will use such CUSIP or ISIN number(s) in notices to Holders; <I>provided</I>, <I>however</I>, that the effectiveness of any such notice will not be affected by any defect in, or omission of, any such CUSIP or ISIN
number(s). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;4. <U>R<SMALL>ANKING</SMALL></U><SMALL></SMALL>. The Perpetual Strife Preferred Stock will rank (a)&nbsp;senior
to (i)&nbsp;Dividend Junior Stock with respect to the payment of dividends; and (ii)&nbsp;Liquidation Junior Stock with respect to the distribution of assets upon the Company&#146;s liquidation, dissolution or winding up; (b)&nbsp;equally with
(i)&nbsp;Dividend Parity Stock with respect to the payment of dividends; and (ii)&nbsp;Liquidation Parity Stock with respect to the distribution of assets upon the Company&#146;s liquidation, dissolution or winding up; and (c)&nbsp;junior to
(i)&nbsp;Dividend Senior Stock, if any has been authorized and issued, with respect to the payment of dividends; and (ii)&nbsp;Liquidation Senior Stock, if any has been authorized and issued, with respect to the distribution of assets upon the
Company&#146;s liquidation, dissolution or winding up. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5. <U>R<SMALL>EGULAR</SMALL>
</U><U>D<SMALL>IVIDENDS</SMALL></U><SMALL></SMALL>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <I>Generally</I>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <I>Accumulation and Payment of Regular Dividends</I>. The Perpetual Strife Preferred Stock will accumulate cumulative
dividends (&#147;<B>Regular Dividends</B>&#148;) at a rate per annum equal to the Regular Dividend Rate on the Stated Amount thereof (and, to the extent described in the fourth sentence of this <B>Section</B><B></B><B>&nbsp;5(a)(i)</B>, on unpaid
Regular Dividends thereon), regardless of whether or not declared or funds are legally available for their payment. Subject to the other provisions of this <B>Section</B><B></B><B>&nbsp;5</B>, such Regular Dividends will be payable when, as and if
declared by the Board of Directors, out of funds legally available for their payment solely in cash, quarterly in arrears on each Regular Dividend Payment Date, to the Holders as of the Close of Business on the immediately preceding Regular Record
Date. Regular Dividends on the Perpetual Strife Preferred Stock will accumulate from, and including, the last date to which Regular Dividends have been paid (or, if no Regular Dividends have been paid, from, and including, the Initial Issue Date (in
the case of the Perpetual Strife Preferred Stock issued on the Initial Issue Date) or as otherwise provided pursuant to <B>Section</B><B></B><B>&nbsp;3(c)</B> or in the certificate(s) representing the applicable Perpetual Strife Preferred Stock (in
the case of any other Perpetual Strife Preferred Stock )) to, but excluding, the next Regular Dividend Payment Date. Declared Regular Dividends on the Perpetual Strife Preferred Stock will be payable in the manner set forth in
<B>Section</B><B></B><B>&nbsp;5(d)</B>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 23 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">If any accumulated Regular Dividend (or any portion thereof) on the
Perpetual Strife Preferred Stock is not paid on the applicable Regular Dividend Payment Date (or, if such Regular Dividend Payment Date is not a Business Day, the next Business Day), then additional Regular Dividends (&#147;<B>Compounded
Dividends</B>&#148;) will accumulate on the amount of such unpaid Regular Dividend, compounded quarterly at the Compounded Dividend Rate (as defined below), from, and including, such Regular Dividend Payment Date to, but excluding, the date the
same, including all Compounded Dividends thereon, is paid in full. The &#147;<B>Compounded Dividend Rate</B>&#148; applicable to any unpaid Regular Dividend that was due on a Regular Dividend Payment Date (or, if such Regular Dividend Payment Date
is not a Business Day, the next Business Day) will initially be a rate per annum equal to the Regular Dividend Rate plus one hundred (100)&nbsp;basis points; <I>provided</I>, <I>however</I>, that until such Regular Dividend, together with Compounded
Dividends thereon, is paid in full, such Compounded Dividend Rate will increase by one hundred (100)&nbsp;basis points per annum for each subsequent Regular Dividend Period, up to a maximum rate of eighteen percent (18%) per annum. Each reference in
this Certificate of Designations to accumulated or unpaid Regular Dividends will include any Compounded Dividends that accumulate thereon pursuant to the previous sentence. For the avoidance of doubt, except as set forth in
<B>Section</B><B></B><B>&nbsp;5(c)</B>, nothing in this Certificate of Designations will require the Company or the Board of Directors to declare and pay Regular Dividends, regardless of whether funds are legally available for their payment, and
Regular Dividends, if any, will be paid when, as and if declared by the Board of Directors, in its sole and absolute discretion, out of funds legally available for their payment to the extent paid in cash. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) <I>Computation of Accumulated Regular Dividends</I>. Accumulated Regular Dividends will be computed on the basis of a <FONT
STYLE="white-space:nowrap">360-day</FONT> year comprised of twelve <FONT STYLE="white-space:nowrap">30-day</FONT> months. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) <I>Priority of the Application of Regular Dividend Payments to Arrearages</I>. Each payment of declared Regular Dividends
on the Perpetual Strife Preferred Stock will be applied to the earliest Regular Dividend Period for which Regular Dividends have not yet been paid. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <I>Notice of Deferral</I>. If the Company fails to declare a Regular Dividend on or prior to a given Regular Record Date, such failure
shall constitute the issuance of a notice of deferral. Upon issuance of such notice, the Company shall use its commercially reasonable efforts over the following sixty <FONT STYLE="white-space:nowrap">(60)-day</FONT> period to sell Class&nbsp;A
Common Stock and/or other securities to raise proceeds in an amount sufficient to cover any deferred dividends that would have been due with respect to the applicable Regular Dividend Payment Date, plus Compounded Dividends thereon, on the next
Deferred Regular Dividend Payment Date. Payment of any declared Regular Dividend on such Deferred Regular Dividend Payment Date will be made, if at all, to the Holders of record as of the Close of Business on the Deferred Regular Record Date
immediately preceding such Deferred Regular Dividend Payment Date. If the Company fails to pay in full such Regular Dividend, plus Compounded Dividends thereon, in cash by the applicable Deferred Regular Dividend Payment Date, such failure shall
constitute a failure to declare and pay Regular Dividends for purposes of determining whether a Regular Dividend <FONT STYLE="white-space:nowrap">Non-Payment</FONT> Event has </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 24 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
occurred with respect to the right to appoint directors pursuant to <B>Section</B><B></B><B>&nbsp;9(a)</B>; <I>provided</I>, <I>however</I>, if the Company pays such Regular Dividend, plus
Compounded Dividends thereon, on such Deferred Regular Dividend Payment Date in the manner set forth in this <B>Section</B><B></B><B>&nbsp;5(b)</B>, then the related delay in payment shall be deemed not to constitute a failure to declare or pay
Regular Dividends for purposes of the definition of Regular Dividend <FONT STYLE="white-space:nowrap">Non-Payment</FONT> Event. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)
<I>Registered Public Equity Offerings</I>. If the Company sells any shares of Class&nbsp;A Common Stock and/or Perpetual Strike Preferred Stock for cash through a registered public offering (including an <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">at-the-market</FONT></FONT> offering or <FONT STYLE="white-space:nowrap">follow-on</FONT> offering) during the ninety (90)&nbsp;calendar days preceding a Regular Record Date, then the Company will declare and pay the
Regular Dividend due on the Regular Dividend Payment Date immediately after such Regular Record Date (including, for the avoidance of doubt, Compounded Dividends, if any) to the extent the net proceeds to the Company of such sale(s) during such
ninety (90)&nbsp;calendar days are sufficient to pay such Regular Dividend. For the avoidance of doubt, payments of Regular Dividends will be applied in accordance with <B>Section</B><B></B><B>&nbsp;5(a)(iii)</B>. For purposes of this
<B>Section</B><B></B><B>&nbsp;5(c)</B>, and for the avoidance of doubt, but without limitation, none of the following will constitute a sale of shares of Class&nbsp;A Common Stock: (i)&nbsp;the issuance or sale of any securities that are convertible
into, or exchangeable or exercisable for, Class&nbsp;A Common Stock; (ii)&nbsp;the issuance of any shares of Class&nbsp;A Common Stock upon the conversion, exchange or exercise of any securities referred to <B>clause (i)</B>&nbsp;above; and
(iii)&nbsp;the issuance or sale of any securities pursuant to a registration statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT> (or any successor form). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the avoidance of doubt, to the extent the Company fails to pay any portion of such Regular Dividend in cash due to the limitations set
forth in the preceding paragraph, such portion of such Regular Dividend will constitute unpaid Regular Dividends and will accumulate Compounded Dividends pursuant to the fourth sentence of <B>Section</B><B></B><B>&nbsp;5(a)(i)</B> above. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <I>Method of Payment</I>. Each declared Regular Dividend on the Perpetual Strife Preferred Stock will be paid in cash. Such written notice
must state the total dollar amount of the declared Regular Dividend per share of Perpetual Strife Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) <I>Treatment of
Regular Dividends Upon Repurchase Upon Fundamental Change</I><I> or Redemption</I>. If the Fundamental Change Repurchase Date or Redemption Date of any share of Perpetual Strife Preferred Stock to be converted or repurchased pursuant to a Repurchase
Upon Fundamental Change or Redemption is after a Regular Record Date for a declared Regular Dividend on the Perpetual Strife Preferred Stock and on or before the next Regular Dividend Payment Date, then the Holder of such share at the Close of
Business on such Regular Record Date will be entitled, notwithstanding such repurchase, as applicable, to receive, on or, at the Company&#146;s election, before such Regular Dividend Payment Date, such declared Regular Dividend on such share. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Except as provided in the preceding paragraph, Regular Dividends on any share of Perpetual Strife Preferred Stock will cease to accumulate
from and after the Fundamental Change Repurchase Date or Redemption Date, as applicable, for such share. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 25 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) <I>Priority of Dividends; Limitation on Junior and Parity Payments; No Participation
Rights</I>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <I>Generally</I>. Except as provided in <B>Sections</B> <B>5(f)(iii)</B> and <B>5(f)(iv)</B>, this
Certificate of Designations will not prohibit or restrict the Company or the Board of Directors from declaring or paying any dividend or distribution (whether in cash, securities or other property, or any combination of the foregoing) on any class
or series of the Company&#146;s stock, and, unless such dividend or distribution is also declared on the Perpetual Strife Preferred Stock, the Perpetual Strife Preferred Stock will not be entitled to participate in such dividend or distribution.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) <I>Construction</I>. For purposes of <B>Sections</B> <B>5(f)(iii)</B> and <B>5(f)(iv)</B>, a Regular Dividend on the
Perpetual Strife Preferred Stock will be deemed to have been paid if such Regular Dividend is declared and consideration in kind and amount that is sufficient, in accordance with this Certificate of Designations, to pay such Regular Dividend is set
aside for the benefit of the Holders entitled thereto. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) <I>Limitation on Dividends on Parity Stock</I>. If: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) less than all accumulated and unpaid Regular Dividends on the outstanding Perpetual Strife Preferred Stock have been
declared and paid as of any Regular Dividend Payment Date; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) the Board of Directors declares a Regular Dividend on
the Perpetual Strife Preferred Stock that is less than the total amount of unpaid Regular Dividends on the outstanding Perpetual Strife Preferred Stock that would accumulate to, but excluding, the Regular Dividend Payment Date following such
declaration, </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">then, until and unless all accumulated and unpaid Regular Dividends on the outstanding Perpetual Strife Preferred Stock have
been paid, no dividends may be declared or paid on any class or series of Dividend Parity Stock unless Regular Dividends are simultaneously declared on the Perpetual Strife Preferred Stock on a pro rata basis, such that (A)&nbsp;the ratio of
(x)&nbsp;the dollar amount of Regular Dividends so declared per share of Perpetual Strife Preferred Stock to (y)&nbsp;the dollar amount of the total accumulated and unpaid Regular Dividends per share of Perpetual Strife Preferred Stock immediately
before the payment of such Regular Dividend is no less than (B)&nbsp;the ratio of (x)&nbsp;the dollar amount of dividends so declared or paid per share of such class or series of Dividend Parity Stock to (y)&nbsp;the dollar amount of the total
accumulated and unpaid dividends per share of such class or series of Dividend Parity Stock immediately before the payment of such dividend (which dollar amount in this <B>clause (y)</B>&nbsp;will, if dividends on such class or series of Dividend
Parity Stock are not cumulative, be the full amount of dividends per share thereof in respect of the most recent dividend period thereof). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) <I>Limitation on </I><I>Certain Payments</I>. Subject to the next sentence, if any Perpetual Strife Preferred Stock is
outstanding, then no dividends or distributions (whether in cash, securities or other property, or any combination of the foregoing) will be declared or paid on any Junior Stock, and neither the Company nor any of its Subsidiaries will purchase,
redeem or otherwise acquire for value (whether in cash, securities or other property, or any combination of the foregoing) any Junior Stock or Dividend Parity Stock, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 26 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">
in each case unless all accumulated Regular Dividends, if any, on the Perpetual Strife Preferred Stock then outstanding for all prior completed Regular Dividend Periods, if any, have been paid in
full. Notwithstanding anything to the contrary in the preceding sentence, the restrictions set forth in the preceding sentence will not apply to the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) dividends and distributions on Junior Stock that are payable solely in shares of Junior Stock, together with cash in lieu
of any fractional share; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) the purchase of any Junior Stock or Dividend Parity Stock solely with the proceeds of a
substantially simultaneous sale of other Junior Stock; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3) purchases, redemptions or other acquisitions of Junior Stock in
connection with the administration of any benefit or other incentive plan of the Company (including any employment contract) in the ordinary course of business, including (x)&nbsp;the forfeiture of unvested shares of restricted stock, or any
withholdings (including withholdings effected by a repurchase or similar transaction), or other surrender, of shares that would otherwise be deliverable upon exercise, delivery or vesting of equity awards under any such plan or contract, in each
case whether for payment of applicable taxes or the exercise price, or otherwise; (y)&nbsp;cash paid in connection therewith in lieu of issuing any fractional share; and (z)&nbsp;purchases of Junior Stock pursuant to a publicly announced repurchase
plan to offset the dilution resulting from issuances pursuant to any such plan or contract; <I>provided</I>, <I>however</I>, that repurchases pursuant to this <B>clause (z)</B>&nbsp;will be permitted pursuant to this
<B>Section</B><B></B><B>&nbsp;5(f)(iv)(3)</B> only to the extent the number of shares of Junior Stock so repurchased does not exceed the related Number of Incremental Diluted Shares; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(4) purchases, or other payments in lieu of the issuance, of any fractional share of Junior Stock in connection with the
conversion, exercise or exchange of such Junior Stock or of any securities convertible into, or exercisable or exchangeable for, Junior Stock; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(5) purchases, or other payments in lieu of the issuance, of any fractional share of Dividend Parity Stock in connection with
the conversion, exercise or exchange of such Dividend Parity Stock or of any securities convertible into, or exercisable or exchangeable for, Dividend Parity Stock; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(6) (x) dividends and distributions of Junior Stock, or rights to acquire Junior Stock, pursuant to a stockholder rights plan;
and (y)&nbsp;the redemption or repurchase of such rights pursuant to such stockholder rights plan; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(7) purchases of Junior
Stock or Dividend Parity Stock pursuant to a binding contract (including a stock repurchase plan) to make such purchases, if such contract was in effect on the immediately preceding Regular Dividend Payment Date and such purchases, if effected
immediately before such Regular Dividend Payment Date, would not have been prohibited by the first sentence of this <B>Section</B><B></B><B>&nbsp;5(f)(iv)</B>; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 27 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(8) the settlement of any convertible note hedge transactions, capped call
transactions or similar transactions entered into in connection with the issuance, by the Company or any of its Subsidiaries, of any debt securities that are convertible into, or exchangeable for, Class&nbsp;A Common Stock (or into or for any
combination of cash and Class&nbsp;A Common Stock based on the value of the Class&nbsp;A Common Stock), <I>provided</I> such transactions are on customary terms and were entered into either (x)&nbsp;before the Initial Issue Date or (y)&nbsp;in
compliance with the first sentence of this <B>Section</B><B></B><B>&nbsp;5(f)(iv)</B>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(9) the acquisition, by the Company
or any of its Subsidiaries, of record ownership of any Junior Stock or Dividend Parity Stock solely on behalf of Persons (other than the Company or any of its Subsidiaries) that are the beneficial owners thereof, including as trustee or custodian
(or as a result of the Company&#146;s acquisition of another Person that was, immediately before such acquisition, the record or beneficial owner of such Junior Stock or Dividend Parity Stock as applicable, <I>provided</I> such record or beneficial
ownership was not obtained in anticipation of such acquisition); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(10) the exchange, conversion or reclassification of
Dividend Parity Stock solely for or into Junior Stock or other Dividend Parity Stock, together with the payment, in connection therewith, of cash in lieu of any fractional share; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(11) the exchange, conversion or reclassification of Junior Stock solely for or into other Junior Stock, together with the
payment, in connection therewith, of cash in lieu of any fractional share. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">For the avoidance of doubt, this
<B>Section</B><B></B><B>&nbsp;5(f)(iv)</B> will not prohibit or restrict the payment or other acquisition for value of any debt securities that are convertible into, or exchangeable for, any Capital Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6. <U>R<SMALL>IGHTS</SMALL> U<SMALL>PON</SMALL> L<SMALL>IQUIDATION</SMALL>, D<SMALL>ISSOLUTION</SMALL> <SMALL>OR</SMALL>
W<SMALL>INDING</SMALL> U<SMALL>P</SMALL></U><SMALL></SMALL>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <I>Generally</I>. If the Company liquidates, dissolves or winds up,
whether voluntarily or involuntarily, then, subject to the rights of any of the Company&#146;s creditors, each share of Perpetual Strife Preferred Stock will entitle the Holder thereof to receive payment for the following amount out of the
Company&#146;s assets or funds legally available for distribution to the Company&#146;s stockholders, before any such assets or funds are distributed to, or set aside for the benefit of, any Liquidation Junior Stock: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) the Liquidation Preference per share of Perpetual Strife Preferred Stock as of the Business Day immediately before the date
of such payment; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) all unpaid Regular Dividends (plus Compounded Dividends thereon), if any, that will have
accumulated on such share to, but excluding, the date of such payment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Upon payment of such amount in full on the outstanding Perpetual
Strife Preferred Stock, Holders of the Perpetual Strife Preferred Stock will have no rights to the Company&#146;s remaining assets or funds, if any. If such assets or funds are insufficient to fully pay such amount on all outstanding shares of
Perpetual Strife Preferred Stock and the corresponding amounts payable in respect of all </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 28 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
outstanding shares of Liquidation Parity Stock, if any, then, subject to the rights of any of the Company&#146;s creditors or holders of any outstanding Liquidation Senior Stock, such assets or
funds will be distributed ratably on the outstanding shares of Perpetual Strife Preferred Stock and Liquidation Parity Stock in proportion to the full respective distributions to which such shares would otherwise be entitled. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <I>Certain Business Combination Transactions Deemed Not to Be a Liquidation</I>. For purposes of <B>Section</B><B></B><B>&nbsp;6(a)</B>,
the Company&#146;s consolidation or combination with, or merger with or into, or the sale, lease or other transfer of all or substantially all of the Company&#146;s assets (other than a sale, lease or other transfer in connection with the
Company&#146;s liquidation, dissolution or winding up) to, another Person will not, in itself, constitute the Company&#146;s liquidation, dissolution or winding up, even if, in connection therewith, the Perpetual Strife Preferred Stock is converted
into, or is exchanged for, or represents solely the right to receive, other securities, cash or other property, or any combination of the foregoing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7. <U>R<SMALL>IGHT</SMALL> <SMALL>OF</SMALL> <SMALL>THE</SMALL> C<SMALL>OMPANY</SMALL> <SMALL>TO</SMALL> R<SMALL>EDEEM</SMALL>
<SMALL>THE</SMALL> P<SMALL>ERPETUAL</SMALL> S<SMALL>TRIFE</SMALL> P<SMALL>REFERRED</SMALL> S<SMALL>TOCK</SMALL></U><SMALL></SMALL>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)
<I>Optional Redemption</I>. Subject to the terms of this <B>Section</B><B></B><B>&nbsp;7</B>, the Company has the right, at its election, to redeem (an &#147;<B>Optional Redemption</B>&#148;) all, but not less than all, of the outstanding Perpetual
Strife Preferred Stock, for a cash purchase price equal to the Redemption Price, at any time if the total number of shares of Perpetual Strife Preferred Stock then outstanding is less than 25% of the total number of shares of the Perpetual Strife
Preferred Stock originally issued on the Initial Issue Date and in any future offering of the Perpetual Strife Preferred Stock, taken together. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <I>Tax Redemption</I>. Subject to the terms of this <B>Section</B><B></B><B>&nbsp;7</B>, the Company has the right, at its election, to
redeem (a &#147;<B>Tax Redemption</B>&#148;) all, and not less than all, of the Perpetual Strife Preferred Stock, at any time, for a cash purchase price equal to the Redemption Price, if a Tax Event occurs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <I>Redemption </I><I>Price</I>. The Redemption Price per share of Perpetual Preferred Stock called for either Optional Redemption or Tax
Redemption will be an amount equal to (1)&nbsp;the Liquidation Preference of such share as of the Business Day before the date the Company sends the related Redemption Notice, plus (2)&nbsp;accumulated and unpaid Regular Dividends (plus any
Compounded Dividends thereon) on such share to, but excluding, the Redemption Date; <I>provided</I>, <I>however</I>, if the Redemption Date is after a Specified Regular Record Date for a declared Regular Dividend on the Perpetual Strife Preferred
Stock and on or before the next Specified Dividend Payment Date, then (A)&nbsp;the Holder of such share at the Close of Business on such Specified Regular Record Date will be entitled, notwithstanding such Optional Redemption or Tax Redemption, to
receive, on or, at the Company&#146;s election, before such Specified Regular Dividend Payment Date, such declared Regular Dividend on such share; and (B)&nbsp;the amount referred to in <B>clause (2)</B>&nbsp;hereof will instead be the excess, if
any, of (x)&nbsp;the accumulated and unpaid Regular Dividends on such share to, but excluding, such Redemption Date over (y)&nbsp;the amount of such declared Regular Dividend on such share. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 29 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <I>Redemption Date</I>. The Redemption Date will be a Business Day of the Company&#146;s
choosing that is no more than sixty (60), nor less than fifteen (15), calendar days after the Redemption Notice Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) <I>Redemption
Notice</I>. To exercise the Company&#146;s right to redeem the Perpetual Strife Preferred Stock pursuant to a Redemption, the Company must send notice of such Redemption to each Holder (the &#147;<B>Redemption Notice</B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Such Redemption Notice must state: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) that the Company has exercised its right to call all of the outstanding Perpetual Strife Preferred Stock for Redemption,
briefly describing the Company&#146;s Redemption right under this Certificate of Designations; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) the Redemption Date;
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) a brief description of the manner in which the Redemption Price will be calculated; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) if the Redemption Date is after a Regular Record Date for a declared Regular Dividend on the Perpetual Strife Preferred
Stock and on or before the next Regular Dividend Payment Date, that such Regular Dividend will be paid in accordance with <B>Section</B><B></B><B>&nbsp;5(e)</B>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) the name and address of the Paying Agent and the Transfer Agent; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(vi) the CUSIP and ISIN numbers, if any, of the Perpetual Strife Preferred Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) <I>Repurchases or Other Acquisitions Other Than by Redemption Not Affected</I>. For the avoidance of doubt, nothing in this
<B>Section</B><B></B><B>&nbsp;7</B> will limit or otherwise apply to any repurchase or other acquisition, by the Company or its Affiliates, or any other Person, of any Perpetual Strife Preferred Stock not by Redemption (including in open market
transactions, private or public tender or exchange offers or otherwise). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8. <U>R<SMALL>IGHT</SMALL> <SMALL>OF</SMALL>
H<SMALL>OLDERS</SMALL> <SMALL>TO</SMALL> R<SMALL>EQUIRE</SMALL> <SMALL>THE</SMALL> C<SMALL>OMPANY</SMALL> <SMALL>TO</SMALL> R<SMALL>EPURCHASE</SMALL> P<SMALL>ERPETUAL</SMALL> S<SMALL>TRIFE</SMALL> P<SMALL>REFERRED</SMALL> S<SMALL>TOCK</SMALL>
<SMALL>UPON</SMALL> <SMALL>A</SMALL> F<SMALL>UNDAMENTAL</SMALL> C<SMALL>HANGE</SMALL></U><SMALL></SMALL>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <I>Fundamental Change
Repurchase Right</I>. Subject to the other terms of this <B>Section</B><B></B><B>&nbsp;8</B>, if a Fundamental Change occurs, then each Holder will have the right (the &#147;<B>Fundamental Change Repurchase Right</B>&#148;) to require the Company to
repurchase some or all of such Holder&#146;s Perpetual Strife Preferred Stock Preferred Stock on the Fundamental Change Repurchase Date for such Fundamental Change for a cash purchase price equal to the Fundamental Change Repurchase Price.
Notwithstanding anything to the contrary in this Certificate of Designations, in no event will any Holder be entitled to exercise its Fundamental Change Repurchase Right in respect of a number of shares of Perpetual Strife Preferred Stock that is
not a whole number. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 30 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <I>Funds Legally Available for Payment of Fundamental Change Repurchase Price; Covenant
Not to Take Certain Actions</I>. Notwithstanding anything to the contrary in this <B>Section</B><B></B><B>&nbsp;8</B>, (i) the Company will not be obligated to pay the Fundamental Change Repurchase Price of any shares of Perpetual Strife Preferred
Stock to the extent, and only to the extent, the Company does not have sufficient funds legally available to pay the same; and (ii)&nbsp;if the Company does not have sufficient funds legally available to pay the Fundamental Change Repurchase Price
of all shares of Perpetual Strife Preferred Stock that are otherwise to be repurchased pursuant to a Repurchase Upon Fundamental Change, then (1)&nbsp;the Company will pay the maximum amount of such Fundamental Change Repurchase Price that can be
paid out of funds legally available for payment, which payment will be made pro rata to each Holder based on the total number of shares of Perpetual Strife Preferred Stock of such Holder that were otherwise to be repurchased pursuant to such
Repurchase Upon Fundamental Change; and (2)&nbsp;the Company will cause all such shares as to which the Fundamental Change Repurchase Price was not paid to be returned to the Holder(s) thereof, and such shares will be deemed to remain outstanding.
The Company will not voluntarily take any action, or voluntarily engage in any transaction, that would result in a Fundamental Change unless the Company has sufficient funds legally available to fully pay the maximum aggregate Fundamental Change
Repurchase Price that would be payable in respect of such Fundamental Change on all shares of Perpetual Strife Preferred Stock then outstanding. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <I>Fundamental Change Repurchase Date</I>. The Fundamental Change Repurchase Date for any Fundamental Change will be a Business Day of the
Company&#146;s choosing that is no more than thirty five (35), nor less than twenty (20), Business Days after the date the Company sends the related Fundamental Change Notice pursuant to <B>Section</B><B></B><B>&nbsp;8(e)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <I>Fundamental Change Repurchase Price</I>. The Fundamental Change Repurchase Price for a share of Perpetual Strife Preferred Stock to be
repurchased upon a Repurchase Upon Fundamental Change following a Fundamental Change will be an amount in cash equal to (i)&nbsp;the Stated Amount of such share plus (ii)&nbsp;accumulated and unpaid Regular Dividends on such share to, but excluding,
the Fundamental Change Repurchase Date for such Fundamental Change; <I>provided</I>, <I>however</I>, that if such Fundamental Change Repurchase Date is after a Specified Regular Record Date for a declared Regular Dividend on the Perpetual Strife
Preferred Stock and on or before the next Specified Regular Dividend Payment Date, then (x)&nbsp;pursuant to <B>Section</B><B></B><B>&nbsp;5(e)</B>, the Holder of such share at the Close of Business on such Specified Regular Record Date will be
entitled, notwithstanding such Repurchase Upon Fundamental Change, to receive, on or, at the Company&#146;s election, before such Specified Regular Dividend Payment Date, such declared Regular Dividend on such share; and (y)&nbsp;the amount referred
to in <B>clause (ii)</B>&nbsp;above will instead be the excess, if any, of (1)&nbsp;the accumulated and unpaid Regular Dividends on such share to, but excluding such Fundamental Change Repurchase Date over (2)&nbsp;the amount of such declared
Regular Dividend on such share. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) <I>Fundamental Change Notice</I>. On or before the twentieth (20th) calendar day after the effective
date of a Fundamental Change, the Company will send to each Holder a notice of such Fundamental Change (a &#147;<B>Fundamental Change Notice</B>&#148;). Such Fundamental Change Notice must state: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) briefly, the events causing such Fundamental Change; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) the effective date of such Fundamental Change; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 31 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) the procedures that a Holder must follow to require the Company to
repurchase its Perpetual Strife Preferred Stock pursuant to this <B>Section</B><B></B><B>&nbsp;8</B>, including the deadline for exercising the Fundamental Change Repurchase Right and the procedures for submitting and withdrawing a Fundamental
Change Repurchase Notice; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) the Fundamental Change Repurchase Date for such Fundamental Change; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) a brief description of the manner in which the Fundamental Change Repurchase Price will be calculated; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(vi) if the Fundamental Change Repurchase Date is after a Regular Record Date for a declared Regular Dividend on the Perpetual
Strife Preferred Stock and on or before the next Regular Dividend Payment Date, that such Regular Dividend will be paid in accordance with <B>Section</B><B></B><B>&nbsp;5(e)</B>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(vii) the name and address of the Paying Agent and the Transfer Agent; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(viii) that shares of Perpetual Strife Preferred Stock for which a Fundamental Change Repurchase Notice has been duly tendered
and not duly withdrawn must be delivered to the Paying Agent for the Holder thereof to be entitled to receive the Fundamental Change Repurchase Price; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ix) that shares of Perpetual Strife Preferred Stock that are subject to a Fundamental Change Repurchase Notice that has been
duly tendered may be converted only if such Fundamental Change Repurchase Notice is withdrawn in accordance with this Certificate of Designations; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(x) the CUSIP and ISIN numbers, if any, of the Perpetual Strife Preferred Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) <I>Procedures to Exercise the Fundamental Change Repurchase Right</I>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <I>Delivery of Fundamental Change Repurchase Notice and Shares of Perpetual Strife Preferred Stock to Be Repurchased</I>.
To exercise its Fundamental Change Repurchase Right for any share(s) of Perpetual Strife Preferred Stock following a Fundamental Change, the Holder thereof must deliver to the Paying Agent: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) before the Close of Business on the Business Day immediately before the related Fundamental Change Repurchase Date (or such
later time as may be required by law), a duly completed, written Fundamental Change Repurchase Notice with respect to such share(s); and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) such share(s), duly endorsed for transfer (to the extent such share(s) are represented by one or more Physical
Certificates) or by book-entry transfer (to the extent such share(s) are represented by one or more Global Certificates. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 32 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) <I>Contents of Fundamental Change Repurchase Notices</I>. Each
Fundamental Change Repurchase Notice with respect to any share(s) of Perpetual Strife Preferred Stock must state: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) if
such share(s) are represented by one or more Physical Certificates, the certificate number(s) of such Physical Certificate(s); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) the number of shares of Perpetual Strife Preferred Stock to be repurchased, which must be a whole number; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3) that such Holder is exercising its Fundamental Change Repurchase Right with respect to such share(s); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>provided</I>, <I>however</I>, that if such share(s) are represented by one or more Global Certificates, then such Fundamental Change
Repurchase Notice must comply with the Depositary Procedures (and any such Fundamental Change Repurchase Notice delivered in compliance with the Depositary Procedures will be deemed to satisfy the requirements of this
<B>Section</B><B></B><B>&nbsp;8(f)</B>). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) <I>Withdrawal of Fundamental Change Repurchase Notice</I>. A Holder that
has delivered a Fundamental Change Repurchase Notice with respect to any share(s) of Perpetual Strife Preferred Stock may withdraw such Fundamental Change Repurchase Notice by delivering a written notice of withdrawal to the Paying Agent at any time
before the Close of Business on the Business Day immediately before the related Fundamental Change Repurchase Date. Such withdrawal notice must state: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) if such share(s) are represented by one or more Physical Certificates, the certificate number(s) of such Physical
Certificate(s); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) the number of shares of Perpetual Strife Preferred Stock to be withdrawn, which must be a whole
number; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3) the number of shares of Perpetual Strife Preferred Stock, if any, that remain subject to such Fundamental
Change Repurchase Notice, which must be a whole number; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>provided</I>, <I>however</I>, that if such share(s) are represented by one or
more Global Certificates, then such withdrawal notice must comply with the Depositary Procedures (and any such withdrawal notice delivered in compliance with the Depositary Procedures will be deemed to satisfy the requirements of this
<B>Section</B><B></B><B>&nbsp;8(f)</B>). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">If any Holder delivers to the Paying Agent any such withdrawal notice withdrawing any share(s) of
Perpetual Strife Preferred Stock from any Fundamental Change Repurchase Notice previously delivered to the Paying Agent, and such share(s) have been surrendered to the Paying Agent, then such share(s) will be returned to the Holder thereof (or, if
applicable with respect to any Global Certificate, any instructions for book-entry transfer to the Company or the Paying Agent of the applicable beneficial interest in such Global Certificate will be cancelled in accordance with the Depositary
Procedures). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 33 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g) <I>Payment of the Fundamental Change Repurchase Price</I>. Subject to
<B>Section</B><B></B><B>&nbsp;8(b)</B>, the Company will cause the Fundamental Change Repurchase Price for each share of Perpetual Strife Preferred Stock to be repurchased pursuant to a Repurchase Upon Fundamental Change to be paid to the Holder
thereof on or before the later of (i)&nbsp;the applicable Fundamental Change Repurchase Date; and (ii)&nbsp;the date (x)&nbsp;the Physical Certificate representing such share is delivered to the Paying Agent (in the case such share is represented by
a Physical Certificate) or (y)&nbsp;the Depositary Procedures relating to the repurchase, and the delivery to the Paying Agent, of such Holder&#146;s beneficial interest in the Global Certificate representing such share to be repurchased are
complied with (in the case such share is represented by a Global Certificate). For the avoidance of doubt, Regular Dividends payable pursuant to the proviso to <B>Section</B><B></B><B>&nbsp;8(d)</B> on any share of Perpetual Strife Preferred Stock
to be repurchased pursuant to a Repurchase Upon Fundamental Change will be paid pursuant to such proviso and <B>Section</B><B></B><B>&nbsp;5(e)</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(h) <I>Compliance with Applicable Securities Laws</I>. To the extent applicable, the Company will comply, in all material respects, with all
federal and state securities laws in connection with a Repurchase Upon Fundamental Change (including complying with Rules <FONT STYLE="white-space:nowrap">13e-4</FONT> and <FONT STYLE="white-space:nowrap">14e-1</FONT> under the Exchange Act and
filing any required Schedule TO, to the extent applicable) so as to permit effecting such Repurchase Upon Fundamental Change in the manner set forth in this Certificate of Designations; <I>provided</I>, <I>however</I>, that, to the extent that the
Company&#146;s obligations pursuant to this <B>Section</B><B></B><B>&nbsp;8</B> conflict with any law or regulation that is applicable to the Company, the Company&#146;s compliance with such law or regulation will not be considered to be a breach of
such obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <I>Third Party May Conduct Repurchase Offer In Lieu of the Company</I>. Notwithstanding anything to the contrary in
this <B>Section</B><B></B><B>&nbsp;8</B>, the Company will be deemed to satisfy its obligations under this <B>Section</B><B></B><B>&nbsp;8</B> if (i)&nbsp;one or more third parties conduct any Repurchase Upon Fundamental Change and related offer to
repurchase Perpetual Strife Preferred Stock otherwise required by this <B>Section</B><B></B><B>&nbsp;8</B> in a manner that would have satisfied the requirements of this <B>Section</B><B></B><B>&nbsp;8</B> if conducted directly by the Company; and
(ii)&nbsp;an owner of a beneficial interest in any Global Certificate representing any Perpetual Strife Preferred Stock repurchased by such third party or parties will not receive a lesser amount (as a result of withholding or other similar taxes)
than such owner would have received had the Company repurchased such Perpetual Strife Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.
<U>V<SMALL>OTING</SMALL> R<SMALL>IGHTS</SMALL></U><SMALL></SMALL>. The Perpetual Strife Preferred Stock will have no voting rights except as set forth in this <B>Section</B><B></B><B>&nbsp;9</B> or as provided in the Certificate of Incorporation or
required by the Delaware General Corporation Law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <I>Right to Designate up to Two Preferred Stock Directors Upon </I><I>Regular
Dividend <FONT STYLE="white-space:nowrap">Non-Payment</FONT> </I><I>Event</I><I>s</I>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <I>Generally</I>. If a Regular
Dividend <FONT STYLE="white-space:nowrap">Non-Payment</FONT> Event occurs, then, subject to the other provisions of this <B>Section</B><B></B><B>&nbsp;9(a)</B>, the authorized number of the Company&#146;s directors will automatically increase by one
(1) (or the Company will vacate the offices of one (1)&nbsp;of its directors) and the Holders, voting together as a single class with the holders of each other class or series of Voting Parity Stock, if any, with similar voting rights regarding the
election of directors upon a failure to pay dividends, which similar voting rights are then exercisable, will have the right to elect one (1)&nbsp;director (such director, the &#147;<B>Preferred Stock Director</B>&#148;) to fill such one
(1)&nbsp;new directorship at the Company&#146;s next </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 34 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">
annual meeting of stockholders (or, if earlier, at a special meeting of the Company&#146;s stockholders called for such purpose) and at each following annual meeting of the Company&#146;s
stockholders until such Regular Dividend <FONT STYLE="white-space:nowrap">Non-Payment</FONT> Event has been cured, at which time such right will terminate with respect to the Perpetual Strife Preferred Stock until and unless a subsequent Regular
Dividend <FONT STYLE="white-space:nowrap">Non-Payment</FONT> Event occurs; <I>provided</I>, <I>however</I>, that (1)&nbsp;as a condition (such condition, the &#147;<B>Director Qualification Requirement</B>&#148;) to the election of any such
Preferred Stock Director, such election must not cause the Company to violate any rule of any securities exchange or other trading facility on which any of the Company&#146;s securities are then listed or qualified for trading requiring that a
majority of the Company&#146;s directors be independent; and (2)&nbsp;notwithstanding anything to the contrary, the Board of Directors will at no time include more than two (2)&nbsp;Preferred Stock Directors, regardless of how many classes of Voting
Parity Stock (which term, solely for purposes of this sentence, includes the Perpetual Strife Preferred Stock) have rights that are then exercisable to elect any number of Preferred Stock Directors. Upon the termination of such right with respect to
the Perpetual Strife Preferred Stock and all other outstanding Voting Parity Stock, if any, the term of office of any person then serving as a Preferred Stock Director will immediately and automatically terminate (and, if the authorized number of
the Company&#146;s directors was increased by one (1)&nbsp;or two (2), as applicable, in connection with such Regular Dividend <FONT STYLE="white-space:nowrap">Non-Payment</FONT> Event(s), then the authorized number of the Company&#146;s directors
will automatically decrease by one (1)&nbsp;or two (2), as applicable). A Preferred Stock Director will hold office until the Company&#146;s next annual meeting of stockholders or, if earlier, upon his or her death, resignation or removal or the
termination of the term of such office as provided above in this <B>Section</B><B></B><B>&nbsp;9(a)(i)</B>; <I>provided</I>, <I>however</I>, that if (1)&nbsp;a class or series of Voting Parity Stock with similar voting rights regarding the election
of directors upon a failure to pay dividends is outstanding; (2)&nbsp;such voting rights become exercisable at a time when a Preferred Stock Director holds office with respect to the Perpetual Strife Preferred Stock; and (3)&nbsp;a special meeting
of the Company&#146;s stockholders is called for the purpose of electing a director pursuant to such voting rights, then (x)&nbsp;Holders of the Perpetual Strife Preferred Stock will be entitled to vote, as a single class with the holders of such
class or series of Voting Parity Stock, at such special meeting in respect of such election of such new director(s); and (y)&nbsp;the office of any such Preferred Stock Director of the Perpetual Strife Preferred Stock will terminate upon the
election, at such special meeting, of the new director(s). For the avoidance of doubt, the compensation, if any, payable to any Preferred Stock Director will be at the Company&#146;s sole and absolute discretion. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) <I>Removal and Vacancies of a Preferred Stock Director</I>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) <I>Removal</I>. At any time, a Preferred Stock Director may be removed either (A)&nbsp;with cause in accordance with
applicable law; or (B)&nbsp;with or without cause by the affirmative vote of the Holders, voting together as a single class with the holders of each class or series of Voting Parity Stock, if any, with similar voting rights regarding the election of
directors upon a failure to pay dividends, which similar voting rights are then exercisable, representing a majority of the combined voting power of the Perpetual Strife Preferred Stock and such Voting Parity Stock. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 35 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) <I>Filling Vacancies</I>. During the continuance of a Regular Dividend <FONT
STYLE="white-space:nowrap">Non-Payment</FONT> Event, a vacancy in the office of a Preferred Stock Director (other than a vacancy before the initial election of the Preferred Stock Director in connection with such Regular Dividend <FONT
STYLE="white-space:nowrap">Non-Payment</FONT> Event) may be filled, subject to the Director Qualification Requirement, by the affirmative vote of the Holders, voting together as a single class with the holders of each class or series of Voting
Parity Stock, if any, with similar voting rights regarding the election of directors upon a failure to pay dividends, which similar voting rights are then exercisable, representing a majority of the combined voting power of the Perpetual Strife
Preferred Stock and such Voting Parity Stock. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) <I>The Right to Call a Special Meeting to Elect a Preferred Stock
Director</I>. During the continuance of a Regular Dividend <FONT STYLE="white-space:nowrap">Non-Payment</FONT> Event, the Holders, and holders of each class or series of Voting Parity Stock, if any, with similar voting rights regarding the election
of directors upon a failure to pay dividends, which similar voting rights are then exercisable, representing at least twenty five percent (25%) of the combined voting power of the Perpetual Strife Preferred Stock and such Voting Parity Stock will
have the right to call a special meeting of stockholders for the election of a Preferred Stock Director (including an election to fill any vacancy in the office of a Preferred Stock Director). Such right may be exercised by written notice, executed
by such Holders and holders, as applicable, delivered to the Company at its principal executive offices (except that, in the case of any Global Certificate representing the Perpetual Strife Preferred Stock or a global certificate representing such
Voting Parity Stock, such notice must instead comply with the applicable Depositary Procedures). Notwithstanding anything to the contrary in this <B>Section</B><B></B><B>&nbsp;9(a)(iii)</B>, if the Company&#146;s next annual or special meeting of
stockholders is scheduled to occur within ninety (90)&nbsp;days after such right is exercised, and the Company is otherwise permitted to conduct such election at such next annual or special meeting, then such election will instead be included in the
agenda for, and conducted at, such next annual or special meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <I>Voting and Consent Rights with Respect to Specified
Matters</I>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <I>Generally</I>. Subject to the other provisions of this <B>Section</B><B></B><B>&nbsp;9(b)</B>, while
any Perpetual Strife Preferred Stock is outstanding, each of the following events will require, and cannot be effected without, the affirmative vote or consent of Holders, and holders of each class or series of Voting Parity Stock, if any, with
similar voting or consent rights with respect to such event, representing at least a majority of the combined outstanding voting power of the Perpetual Strife Preferred Stock and such Voting Parity Stock, if any: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) any amendment, modification or repeal of any provision of the Certificate of Incorporation or this Certificate of
Designations that materially adversely affects the special rights, preferences or voting powers of the Perpetual Strife Preferred Stock (other than an amendment, modification or repeal permitted by <B>Section</B><B></B><B>&nbsp;9(b)(iii)</B>); </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 36 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) the Company&#146;s consolidation or combination with, or merger with or
into, another Person, or any binding or statutory share exchange or reclassification involving the Perpetual Strife Preferred Stock, in each case unless: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(A) the Perpetual Strife Preferred Stock either (x)&nbsp;remains outstanding after such consolidation, combination, merger,
share exchange or reclassification; or (y)&nbsp;is converted or reclassified into, or is exchanged for, or represents solely the right to receive, preference securities of the continuing, resulting or surviving Person of such consolidation,
combination, merger, share exchange or reclassification, or the parent thereof; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(B) the Perpetual Strife Preferred Stock
that remains outstanding or such preference securities, as applicable, have rights, preferences and voting powers that, taken as a whole, are not materially less favorable (as determined by the Board of Directors in good faith) to the Holders or the
holders thereof, as applicable, than the rights, preferences and voting powers, taken as a whole, of the Perpetual Strife Preferred Stock immediately before the consummation of such consolidation, combination, merger, share exchange or
reclassification; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(C) the issuer of the Perpetual Strife Preferred Stock that remains outstanding or such preference
securities, as applicable, is a corporation duly organized and existing under the laws of the United States of America, any State thereof or the District of Columbia that, if not the Company, will succeed to the Company under this Certificate of
Designations and the Perpetual Strife Preferred Stock; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3) the creation and issuance, or increase in the authorized or
issued number, of any Dividend Senior Stock or Liquidation Senior Stock; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I>provided</I>, <I>however</I>, that (x)&nbsp;a consolidation,
combination, merger, share exchange or reclassification that satisfies the requirements of <B>clauses</B> <B>(A)</B>, <B>(B)</B> and <B>(C)</B>&nbsp;of <B>Section</B><B></B><B>&nbsp;9(b)(i)(2)</B> will not require any vote or consent pursuant to
<B>Section</B><B></B><B>&nbsp;9(b)(i)(1)</B>; and (y)&nbsp;each of the following will be deemed not to materially adversely affect the rights, preferences or voting powers of the Perpetual Strife Preferred Stock (or cause any of the rights,
preferences or voting powers of any such preference securities to be &#147;materially less favorable&#148; for purposes of <B>Section</B><B></B><B>&nbsp;9(b)(i)(2)(B)</B>) and will not require any vote or consent pursuant to either
<B>Section</B><B></B><B>&nbsp;9(b)(i)(1)</B> or <B>9(b)(i)(3)</B>: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(I) any increase in the number of the authorized but
unissued shares of the Company&#146;s undesignated preferred stock; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(II) any increase in the number of authorized or
issued shares of Perpetual Strife Preferred Stock; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(III) the creation and issuance, or increase in the authorized or
issued number, of any class or series of stock (including, for the avoidance of doubt, Dividend Parity Stock or Liquidation Parity Stock), <I>provided</I> that such class or series of stock is not Dividend Senior Stock or Liquidation Senior Stock.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 37 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) <I>Where Some But Not All Classes or Series of Stock Are Adversely
Affected</I>. If any event set forth in <B>Section</B><B></B><B>&nbsp;9(b)(i)(1)</B>, <B>9(b)(i)(2)</B> or <B>9(b)(i)(3)</B> would materially adversely affect the rights, preferences or voting powers of one or more, but not all, classes or series of
Voting Parity Stock (which term, solely for purposes of this sentence, includes the Perpetual Strife Preferred Stock), then those classes or series whose rights, preferences or voting powers would not be materially adversely affected will be deemed
not to have voting or consent rights with respect to such event. Furthermore, an amendment, modification or repeal described in <B>Section</B><B></B><B>&nbsp;9(b)(i)(1)</B> above that materially adversely affects the special rights, preferences or
voting powers of the Perpetual Strife Preferred Stock cannot be effected without the affirmative vote or consent of Holders, voting separately as a class, of at least a majority of the Perpetual Strife Preferred Stock then outstanding. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) <I>Certain Amendments Permitted Without Consent</I>. Notwithstanding anything to the contrary in
<B>Section</B><B></B><B>&nbsp;9(b)(i)(1)</B>, the Company may amend, modify or repeal any of the terms of the Perpetual Strife Preferred Stock without the vote or consent of any Holder to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) cure any ambiguity or correct any omission, defect or inconsistency in this Certificate of Designations or the certificates
representing the Perpetual Strife Preferred Stock, including the filing of a certificate of correction, or a corrected instrument, pursuant to Section&nbsp;103(f) of the Delaware General Corporation Law in connection therewith; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) conform the provisions of this Certificate of Designations or the certificates representing the Perpetual Strife Preferred
Stock to the &#147;Description of Perpetual Strife Preferred Stock&#148; section of the Company&#146;s preliminary prospectus supplement, dated March&nbsp;18, 2025, relating to the initial offering and sale of the Perpetual Strife Preferred Stock,
as supplemented by the related pricing term sheet dated March&nbsp;20, 2025; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3) provide for or confirm the issuance of
additional Perpetual Strife Preferred Stock pursuant to this Certificate of Designations; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(4) provide for any transfer
restrictions that apply to any shares of Perpetual Strife Preferred Stock (other than the shares of Perpetual Strife Preferred Stock issued on the Initial Issue Date and any shares of Perpetual Strife Preferred Stock issued in exchange therefor or
in substitution thereof) that, at the time of their original issuance, constitute &#147;restricted securities&#148; within the meaning of Rule 144 under the Securities Act or that are originally issued in reliance upon Regulation S under the
Securities Act; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(5) make any other change to the Certificate of Incorporation, this Certificate of Designations or the
certificates representing the Perpetual Strife Preferred Stock that does not, individually or in the aggregate with all other such changes, adversely affect the rights of any Holder (other than any Holders that have consented to such change), as
such, in any material respect (as determined by the Board of Directors in good faith). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 38 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <I>Procedures</I><I> for Voting and Consents</I>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) <I>Rules and Procedures Governing Votes and Consents</I>. If any vote or consent of the Holders will be held or solicited,
including at a regular annual meeting or a special meeting of stockholders, then the Board of Directors will adopt customary rules and procedures at its discretion to govern such vote or consent, subject to the other provisions of this
<B>Section</B><B></B><B>&nbsp;9</B>. Such rules and procedures may include fixing a record date to determine the Holders (and, if applicable, holders of Voting Parity Stock) that are entitled to vote or provide consent, as applicable, rules
governing the solicitation and use of proxies or written consents and customary procedures for the nomination and designation, by Holders (and, if applicable, holders of Voting Parity Stock), of a Preferred Stock Director for election. Without
limiting the foregoing, the Persons calling any special meeting of stockholders pursuant to <B>Section</B><B></B><B>&nbsp;9(a)(iii)</B> will, at their election, be entitled to specify one or more Preferred Stock Director nominees in the notice
referred to in such section, if such special meeting is scheduled to include the election of any Preferred Stock Director (including an election to fill any vacancy in the office of any Preferred Stock Director). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) <I>Voting Power of the Perpetual Strife Preferred Stock and Voting Parity Stock</I>. Each share of Perpetual Strife
Preferred Stock will be entitled to one vote on each matter on which the Holders of the Perpetual Strife Preferred Stock are entitled to vote separately as a class and not together with the holders of any other class or series of stock. The
respective voting powers of the Perpetual Strife Preferred Stock and all classes or series of Voting Parity Stock entitled to vote on any matter together as a single class will be determined (including for purposes of determining whether a
plurality, majority or other applicable portion of votes has been obtained) in proportion to their respective liquidation amounts. Solely for purposes of the preceding sentence, the liquidation amount of the Perpetual Strife Preferred Stock or any
such class or series of Voting Parity Stock will be the maximum amount payable in respect of the Perpetual Strife Preferred Stock or such class or series, as applicable, assuming the Company is liquidated on the record date for the applicable vote
or consent (or, if there is no record date, on the date of such vote or consent). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) <I>Voting Standard for the
Election of Preferred Stock Directors</I>. At any meeting in which the Perpetual Strife Preferred Stock (and, if applicable, any class or series of Voting Parity Stock) is entitled to elect any Preferred Stock Director (including to fill any vacancy
in the office of any Preferred Stock Director), the presence, in person or by proxy, of Holders of Perpetual Strife Preferred Stock (and, if applicable, holders of each such class or series) representing a majority of the outstanding voting power of
the Perpetual Strife Preferred Stock (and, if applicable, each such class or series) will constitute a quorum. The affirmative vote of a majority of the outstanding voting power of the Perpetual Strife Preferred Stock (and, if applicable, each such
class or series) cast at such a meeting at which a quorum is present will be sufficient to elect a Preferred Stock Director. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) <I>Written Consent in Lieu of Stockholder Meeting</I>. A consent or affirmative vote of the Holders pursuant to
<B>Section</B><B></B><B>&nbsp;9(b)</B> may be given or obtained either in writing without a meeting or in person or by proxy at a regular annual meeting or a special meeting of stockholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 39 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10. <U>N<SMALL>O</SMALL> P<SMALL>REEMPTIVE</SMALL>
R<SMALL>IGHTS</SMALL></U><SMALL></SMALL>. Without limiting the rights of Holders set forth in this Certificate of Designations, the Perpetual Strife Preferred Stock will not have any preemptive rights to subscribe for or purchase any of the
Company&#146;s securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;11. <U>C<SMALL>ALCULATIONS</SMALL></U><SMALL></SMALL>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <I>Responsibility; Schedule of Calculations</I>. Except as otherwise provided in this Certificate of Designations, the Company will be
responsible for making all calculations called for under this Certificate of Designations or the Perpetual Strife Preferred Stock, including determinations of the Last Reported Sale Prices, Liquidation Preference, Fundamental Change Repurchase
Price, Redemption Price and accumulated Regular Dividends and Compounded Dividends on the Perpetual Strife Preferred Stock. The Company will make all calculations in good faith, and, absent manifest error, its calculations will be final and binding
on all Holders. The Company will provide a schedule of such calculations to any Holder or any beneficial owner of a share of Perpetual Strife Preferred Stock upon written request. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <I>Calculations Aggregated for Each Holder</I>. The composition of the consideration due upon the payment of the Fundamental Change
Repurchase Price or the Redemption Price for, and the payment on a Regular Dividend Payment Date of Regular Dividends on, the Perpetual Strife Preferred Stock of any Holder will (in the case of a Global Certificate, to the extent permitted by, and
practicable under, the Depositary Procedures) be computed based on the total number of shares of Perpetual Strife Preferred Stock of such Holder to be repurchased (in the case of payment of the Fundamental Change Repurchase Price) or redeemed (in
the case of payment of the Redemption Price), or held by such Holder as of the Close of Business on the related Regular Record Date (in the case of payment of such Regular Dividends), as applicable. Any cash amounts due to such Holder in respect
thereof will, after giving effect to the preceding sentence, be rounded to the nearest cent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;12. <U>N<SMALL>O</SMALL>
S<SMALL>INKING</SMALL> F<SMALL>UND</SMALL> O<SMALL>BLIGATIONS</SMALL></U><SMALL></SMALL>. The Perpetual Strife Preferred Stock will not be subject to any sinking fund or other obligation to redeem, repurchase or retire the Perpetual Strife Preferred
Stock, except to the extent provided in <B>Section</B><B></B><B>&nbsp;7</B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;13.
<U>N<SMALL>OTICES</SMALL></U><SMALL></SMALL>. The Company will send all notices or communications to Holders pursuant to this Certificate of Designations in writing by first class mail, certified or registered, return receipt requested, or by
overnight air courier guaranteeing next day delivery, to the Holders&#146; respective addresses shown on the Register; <I>provided</I>, <I>however</I>, that, in the case of Perpetual Strife Preferred Stock represented by one or more Global
Certificates, the Company is permitted to send notices or communications to Holders pursuant to the Depositary Procedures, and notices and communications that the Company sends in this manner will be deemed to have been properly sent to such Holders
in writing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;14. <U>N<SMALL>O</SMALL> O<SMALL>THER</SMALL> R<SMALL>IGHTS</SMALL></U><SMALL></SMALL>. The Perpetual Strife
Preferred Stock will have no rights, preferences or voting powers except as provided in this Certificate of Designations or the Certificate of Incorporation or as required by applicable law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>[The Remainder of This Page Intentionally Left Blank; Signature Page Follows] </I></B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 40 - </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, the Company has caused this Certificate of Designations to be
duly executed as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">M<SMALL>ICRO</SMALL>S<SMALL>TRATEGY</SMALL> I<SMALL>NCORPORATED</SMALL></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Phong Le</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name: Phong Le</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title: President and Chief Executive Officer</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[Signature Page to
Certificate of Designations] </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXHIBIT A </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>FORM OF PERPETUAL STRIFE PREFERRED STOCK </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Insert Global Certificate Legend, if applicable</I>] </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MICROSTRATEGY INCORPORATED </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>10.00% Series A Perpetual Strife Preferred Stock </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">CUSIP No.: [<U>&#8195;&#8195;</U>]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">Certificate No.[<U>&#8195;&#8195;</U>]</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">ISIN No.: [<U>&#8195;&#8195;</U>]</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">MicroStrategy Incorporated, a Delaware corporation (the &#147;<B>Company</B>&#148;), certifies that
[Cede&nbsp;&amp; Co.] is the registered owner of [[<I>number of shares</I>] shares]<SUP STYLE="font-size:75%; vertical-align:top">1</SUP>[the number of shares set forth in the attached Schedule of Exchanges of Interests in the Global Certificate]<SUP
STYLE="font-size:75%; vertical-align:top">2</SUP> of the Company&#146;s 10.00% Series A Perpetual Strife Preferred Stock (the &#147;<B>Perpetual Strife Preferred Stock</B>&#148;) represented by this certificate (this &#147;<B>Certificate</B>&#148;).
The special rights, preferences and voting powers of the Perpetual Strife Preferred Stock are set forth in the Certificate of Designations of the Company establishing the Perpetual Strife Preferred Stock (the &#147;<B>Certificate of
Designations</B>&#148;). Capitalized terms used in this Certificate without definition have the respective meanings ascribed to them in the Certificate of Designations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Additional terms of this Certificate are set forth on the other side of this Certificate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<B><I>The Remainder of This Page Intentionally Left Blank; Signature Page Follows</I></B>] </P>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Insert bracketed language for Physical Certificate only. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Insert bracketed language for Global Certificate only. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-1 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, MicroStrategy Incorporated has caused this instrument to be duly
executed as of the date set forth below. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="4%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="42%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="43%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">M<SMALL>ICRO</SMALL>S<SMALL>TRATEGY</SMALL> I<SMALL>NCORPORATED</SMALL></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="4%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="42%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="43%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="3" VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Date:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-2 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">TRANSFER AGENT&#146;S COUNTERSIGNATURE </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[<I>legal name of Transfer Agent</I>], as Transfer Agent, certifies that this Certificate represents shares of Perpetual Strife Preferred Stock referred to in
the within-mentioned Certificate of Designations. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="4%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="42%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="43%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Authorized Signatory</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-3 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MICROSTRATEGY INCORPORATED </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>10.00% Series A Perpetual Strife Preferred Stock </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Certificate represents duly authorized, issued and outstanding shares of Perpetual Strife Preferred Stock. Certain terms of the Perpetual
Strife Preferred Stock are summarized below. Notwithstanding anything to the contrary in this Certificate, to the extent that any provision of this Certificate conflicts with the provisions of the Certificate of Designations or the Certificate of
Incorporation, the provisions of the Certificate of Designations or the Certificate of Incorporation, as applicable, will control. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.
<B>Method of Payment</B>. Cash amounts due on the Perpetual Strife Preferred Stock represented by this Certificate will be paid in the manner set forth in Section&nbsp;3(f) of the Certificate of Designations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <B>Persons Deemed Owners</B>. The Person in whose name this Certificate is registered will be treated as the owner of the Perpetual Strife
Preferred Stock represented by this Certificate for all purposes, subject to Section&nbsp;3(m) of the Certificate of Designations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.
<B>Denominations; Transfers and Exchanges</B>. All shares of Perpetual Strife Preferred Stock will be in registered form and in denominations equal to any whole number of shares. Subject to the terms of the Certificate of Designations, the Holder of
the Perpetual Strife Preferred Stock represented by this Certificate may transfer or exchange such Perpetual Strife Preferred Stock by presenting this Certificate to the Registrar and delivering any required documentation or other materials. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4. <B>Regular Dividends</B>. Regular Dividends on the Perpetual Strife Preferred Stock will accumulate and will be paid in the manner, and
subject to the terms, set forth in Section&nbsp;5 of the Certificate of Designations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5. <B>Liquidation Preference</B>. The Liquidation
Preference per share of Perpetual Strife Preferred Stock is initially one hundred dollars ($100) per share of Perpetual Strife Preferred Stock and is subject to adjustment, as set forth in the Certificate of Designations. The rights of Holders upon
the Company&#146;s liquidation, dissolution or winding up are set forth in Section&nbsp;6 of the Certificate of Designations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6. <B>Right
of Holders to Require the Company to Repurchase Perpetual Strife Preferred Stock upon a Fundamental Change</B>. If a Fundamental Change occurs, then each Holder will have the right to require the Company to repurchase such Holder&#146;s Perpetual
Strife Preferred Stock for cash in the manner, and subject to the terms, set forth in Section&nbsp;8 of the Certificate of Designations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7. <B>Right of the Company to Redeem the Perpetual Strife Preferred Stock</B>. The Company will have the right to redeem the Perpetual Strife
Preferred Stock in the manner, and subject to the terms, set forth in Section&nbsp;7 of the Certificate of Designations. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-4 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8. <B>Voting Rights</B>. Holders of the Perpetual Strife Preferred Stock have the voting
rights set forth in Section&nbsp;9 of the Certificate of Designations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9. <B>Countersignature</B>. The Perpetual Strife Preferred Stock
represented by this Certificate will not be valid until this Certificate is countersigned by the Transfer Agent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.
<B>Abbreviations</B>. Customary abbreviations may be used in the name of a Holder or its assignee, such as TEN COM (tenants in common), TEN ENT (tenants by the entireties), JT TEN (joint tenants with right of survivorship and not as tenants in
common), CUST (custodian), and U/G/M/A (Uniform Gift to Minors Act). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">* * * </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">To request a copy of the Certificate of Designations, which the Company will provide to any Holder at no charge, please send a written request
to the following address: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Strategy </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1850 Towers Crescent Plaza </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Tysons
Corner, Virginia 22182 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Attention: Chief Financial Officer </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-5 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL CERTIFICATE<SUP
STYLE="font-size:75%; vertical-align:top">1</SUP> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">INITIAL NUMBER OF SHARES REPRESENTED BY THIS GLOBAL CERTIFICATE: </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[&#8195;&#8195;] </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following exchanges,
transfers or cancellations of this Global Certificate have been made: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="26%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="24%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="24%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="23%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Date</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Amount of Increase<BR>(Decrease) in<BR>Number of
Shares<BR>Represented by this<BR>Global Certificate</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Number of Shares<BR>Represented by this<BR>Global
Certificate<BR>After Such Increase<BR>(Decrease)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Signature of<BR>Authorized<BR>Signatory of<BR>Transfer
Agent</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Insert for Global Certificate only. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-6 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FUNDAMENTAL CHANGE REPURCHASE NOTICE </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">MICROSTRATEGY INCORPORATED </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10.00%
Series A Perpetual Strife Preferred Stock </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subject to the terms of the Certificate of Designations, by executing and delivering this Fundamental Change
Repurchase Notice, the undersigned Holder of the Perpetual Strife Preferred Stock identified below is exercising its Fundamental Change Repurchase Right with respect to (check one): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#9744; all of the shares of Perpetual Strife Preferred Stock </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#9744; <U></U><U>&#8195;&#8195;&#8195;&#8195;&#8195;</U><SUP STYLE="font-size:75%; vertical-align:top">1</SUP> shares of Perpetual Strife Preferred Stock </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">identified by CUSIP No. <U>&#8195;</U><U>&#8195;</U><U>&#8195;</U><U>&#8195;</U> and Certificate No. <U>&#8195;</U><U>&#8195;</U><U>&#8195;</U><U>&#8195;</U>.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The undersigned acknowledges that Certificate identified above, duly endorsed for transfer, must be delivered to the Paying Agent before the Fundamental
Change Repurchase Price will be paid. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="45%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:<U>&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;</U></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD COLSPAN="3" VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3" ALIGN="center">(Legal Name of Holder)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Signature Guaranteed:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD COLSPAN="3" VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3" ALIGN="center">Participant in a Recognized Signature</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3" ALIGN="center">Guarantee Medallion Program</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Authorized Signatory</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Must be a whole number. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-7 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ASSIGNMENT FORM </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">MICROSTRATEGY INCORPORATED </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10.00%
Series A Perpetual Strife Preferred Stock </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Subject to the terms of the Certificate of Designations, the undersigned Holder of the Perpetual Strife
Preferred Stock identified below assigns (check one): </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#9744; all of the shares of Perpetual Strife Preferred Stock </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#9744; <U></U><U>&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;</U><SUP STYLE="font-size:75%; vertical-align:top">1</SUP> shares of Perpetual Strife
Preferred Stock </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">identified by CUSIP No. <U>&#8195;</U><U>&#8195;</U><U>&#8195;</U><U>&#8195;</U> and Certificate No.
<U>&#8195;</U><U>&#8195;</U><U>&#8195;</U><U>&#8195;</U>, and all rights thereunder, to: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="24%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="75%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">Name:</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">Address:</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">Social security or tax id. #:</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">and irrevocably appoints:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">as agent to transfer such Perpetual Strife Preferred Stock on the books of the Company. The agent may substitute another to
act for him/her. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="45%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:<U>&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;</U></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD COLSPAN="3" VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3" ALIGN="center">(Legal Name of Holder)</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Signature Guaranteed:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="font-size:1px; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD COLSPAN="3" VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3" ALIGN="center">Participant in a Recognized Signature</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3" ALIGN="center">Guarantee Medallion Program</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Authorized Signatory</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Must be a whole number. </P></TD></TR></TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXHIBIT B </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>FORM OF GLOBAL CERTIFICATE LEGEND </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THIS
IS A GLOBAL CERTIFICATE WITHIN THE MEANING OF THE CERTIFICATE OF DESIGNATIONS HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRANSFER AGENT AND ANY
AGENT THEREOF AS THE OWNER AND HOLDER OF THE PERPETUAL STRIFE PREFERRED STOCK REPRESENTED BY THIS GLOBAL CERTIFICATE FOR ALL PURPOSES. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">UNLESS THIS GLOBAL
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (&#147;DTC&#148;) TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE&nbsp;&amp; CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO CEDE&nbsp;&amp; CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE&nbsp;&amp; CO., HAS AN INTEREST HEREIN. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">TRANSFERS OF THE PERPETUAL STRIFE PREFERRED STOCK REPRESENTED BY THIS GLOBAL CERTIFICATE WILL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES
OF DTC, OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR&#146;S NOMINEE, AND TRANSFERS OF PORTIONS OF THE PERPETUAL STRIFE PREFERRED STOCK REPRESENTED BY THIS GLOBAL CERTIFICATE WILL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET
FORTH IN SECTION 3(i) OF THE CERTIFICATE OF DESIGNATIONS HEREINAFTER REFERRED TO. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-1 </P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>d943742dex51.htm
<DESCRIPTION>EX-5.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-5.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 5.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g943742snap2.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">+1 617 526 6000 (t) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">+1 617 526 5000 (f) </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">wilmerhale.com
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">March&nbsp;25, 2025 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MicroStrategy Incorporated (d/b/a
Strategy) </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1850 Towers Crescent Plaza </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tysons Corner,
Virginia 22182 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Re: Registration Statement on Form <FONT STYLE="white-space:nowrap">S-3</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(Registration <FONT STYLE="white-space:nowrap">No.&nbsp;333-284510)</FONT> &#150; 10.00% Series A Perpetual Strife Preferred Stock of MicroStrategy
Incorporated (d/b/a Strategy) </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have acted as special counsel to MicroStrategy Incorporated (d/b/a Strategy), a Delaware corporation (the
&#147;<B><I>Company</I></B>&#148;), in connection with issuance and sale of 8,500,000 shares of the Company&#146;s 10.00% Series A Perpetual Strife Preferred Stock, $0.001 par value per share, of the Company (the &#147;<B><I>Perpetual Strife
Preferred Stock</I></B>&#148;), pursuant to a registration statement on Form <FONT STYLE="white-space:nowrap">S-3</FONT> under the Securities Act of 1933, as amended (the &#147;<B><I>Securities Act</I></B>&#148;), filed with the Securities and
Exchange Commission (the &#147;<B><I>Commission</I></B>&#148;) on January&nbsp;27, 2025 (Registration <FONT STYLE="white-space:nowrap">No.&nbsp;333-284510)</FONT> (as so filed and as amended, the &#147;<B><I>Registration Statement</I></B>&#148;), a
base prospectus, dated January&nbsp;27, 2025, included in the Registration Statement at the time it originally became effective under the Securities Act (the &#147;<B><I>Base Prospectus</I></B>&#148;), a prospectus supplement, dated March&nbsp;20,
2025, filed with the Commission pursuant to Rule 424(b) under the Securities Act on March&nbsp;21, 2025 (the &#147;<B><I>Prospectus Supplement</I></B>,&#148; and, together with the Base Prospectus, the &#147;<B><I>Prospectus</I></B>&#148;), and an
underwriting agreement, dated March&nbsp;20, 2025, between the Company and the representative of the several underwriters named therein, relating to the offer and sale of the Perpetual Strife Preferred Stock (the &#147;<B><I>Underwriting
Agreement</I></B>&#148;). The preferences, limitations and relative rights of shares of the Perpetual Strife Preferred Stock are set forth in the certificate of designations, dated March&nbsp;25, 2025, establishing the terms of the Perpetual Strife
Preferred Stock (the &#147;<B><I>Certificate of Designations</I></B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have examined and relied upon copies of the Registration
Statement and the Prospectus. We have also examined and relied upon the Underwriting Agreement, the Second Restated Certificate of Incorporation of the Company (as amended and supplemented to date, the &#147;<B><I>Second Restated
Certificate</I></B>&#148;), the Amended and Restated <FONT STYLE="white-space:nowrap">By-laws</FONT> of the Company (as amended or restated from time to time, the &#147;<B><I>Bylaws</I></B>&#148;) and minutes of meetings of the stockholders and the
Board of Directors of the Company, including duly authorized committees thereof, as provided to us by the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In our examination of
the foregoing documents, we have assumed the genuineness of all signatures, the legal capacity of all signatories, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us
as copies, the authenticity of such original documents and the completeness and accuracy of the corporate minute books of the Company. </P> <P STYLE="font-size:24pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Wilmer Cutler
Pickering Hale and Dorr <SMALL>LLP</SMALL>, 60 State Street, Boston, Massachusetts 02109 </P>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:8pt; font-family:Arial Narrow" ALIGN="center">Berlin&#8195;&#8195;Boston&#8195;&#8195;Brussels&#8195;&#8195;Denver&#8195;&#8195;Frankfurt&#8195;&#8195;London&#8195;&#8195;Los
Angeles&#8195;&#8195;New York&#8195;&#8195;Palo Alto&#8195;&#8195;San Francicso&#8195;&#8195;Washington </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g943742snap2.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We express no opinion herein as to the laws of any state or jurisdiction other than the
General Corporation Law of the State of Delaware. We also express no opinion herein with respect to compliance by the Company with the securities or &#147;blue sky&#148; laws of any state or other jurisdiction of the United States or of any foreign
jurisdiction. We also express no opinion and make no statement herein with respect to the antifraud laws of any jurisdiction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Based upon
and subject to the foregoing and the other matters set forth herein, we are of the opinion that the Perpetual Strike Preferred Stock has been duly authorized by all necessary corporate action of the Company, and, when such Perpetual Strike Preferred
Stock is issued, delivered and paid for in accordance with the terms of the Underwriting Agreement, such Perpetual Strike Preferred Stock will be validly issued, fully paid and <FONT STYLE="white-space:nowrap">non-assessable.</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Please note that we are opining only as to the matters expressly set forth herein, and no opinion should be inferred as to any other matters.
This opinion is based upon currently existing statutes, rules, regulations and judicial decisions, and we disclaim any obligation to advise you of any change in any of these sources of law or subsequent legal or factual developments which might
affect any matters or opinions set forth herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We hereby consent to the filing of this opinion with the Commission in accordance with
the requirements of Item 601(b)(5) of Regulation <FONT STYLE="white-space:nowrap">S-K</FONT> under the Securities Act as an exhibit to the Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> to be filed by the Company on the date
hereof in connection with the issuance and sale of the Shares and to the use of our name therein and in the related Prospectus Supplement under the caption &#147;Legal Matters.&#148; In giving such consent, we do not hereby admit that we are in the
category of persons whose consent is required under Section&nbsp;7 of the Securities Act or the rules and regulations of the Commission. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Very truly
yours, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">WILMER CUTLER PICKERING HALE AND DORR LLP </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">By:
<U>/s/ Wilmer Cutler Pickering Hale and Dorr LLP&#8195;&#8195;&#8195;&#8195;</U> </P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>4
<FILENAME>strk-20250325.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release master Build:20241122.1 -->
<!-- Creation date: 3/26/2025 12:01:57 AM Eastern Time -->
<!-- Copyright (c) 2025 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<xsd:schema
  xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric"
  xmlns:num="http://www.xbrl.org/dtr/type/numeric"
  xmlns:us-types="http://fasb.org/us-types/2024"
  xmlns:strk="http://imetrix.edgar-online.com/20250325"
  xmlns:dei="http://xbrl.sec.gov/dei/2024"
  xmlns:xbrli="http://www.xbrl.org/2003/instance"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink"
  xmlns:xbrldt="http://xbrl.org/2005/xbrldt"
  xmlns:us-gaap="http://fasb.org/us-gaap/2024"
  attributeFormDefault="unqualified"
  elementFormDefault="qualified"
  targetNamespace="http://imetrix.edgar-online.com/20250325"
  xmlns:xsd="http://www.w3.org/2001/XMLSchema">
    <xsd:import schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" namespace="http://www.xbrl.org/2003/instance" />
    <xsd:import schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" namespace="http://www.xbrl.org/2003/linkbase" />
    <xsd:import schemaLocation="https://xbrl.sec.gov/dei/2024/dei-2024.xsd" namespace="http://xbrl.sec.gov/dei/2024" />
    <xsd:import schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd" namespace="http://www.xbrl.org/dtr/type/numeric" />
    <xsd:import schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd" namespace="http://www.xbrl.org/dtr/type/non-numeric" />
    <xsd:import schemaLocation="https://xbrl.sec.gov/naics/2024/naics-2024.xsd" namespace="http://xbrl.sec.gov/naics/2024" />
    <xsd:import schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" namespace="http://xbrl.org/2005/xbrldt" />
    <xsd:import schemaLocation="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd" namespace="http://fasb.org/us-gaap/2024" />
    <xsd:import schemaLocation="https://xbrl.fasb.org/us-gaap/2024/elts/us-types-2024.xsd" namespace="http://fasb.org/us-types/2024" />
  <xsd:annotation>
    <xsd:appinfo>
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="strk-20250325_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:title="Label Links, all" xlink:type="simple" />
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="strk-20250325_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:title="Presentation Links, all" xlink:type="simple" />
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="strk-20250325_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:title="Definition Links, all" xlink:type="simple" />
      <link:roleType roleURI="http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation" id="Role_DocumentDocumentAndEntityInformation">
        <link:definition>100000 - Document - Document and Entity Information</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xsd:appinfo>
  </xsd:annotation>
  <xsd:element id="strk_DocumentAndEntityInformationTable" name="DocumentAndEntityInformationTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" xbrli:periodType="duration" nillable="true" abstract="true" />
  <xsd:element id="strk_DocumentAndEntityInformationLineItems" name="DocumentAndEntityInformationLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true" />
</xsd:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>5
<FILENAME>strk-20250325_def.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release master Build:20241122.1 -->
<!-- Creation date: 3/26/2025 12:01:59 AM Eastern Time -->
<!-- Copyright (c) 2025 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all" arcroleURI="http://xbrl.org/int/dim/arcrole/all" />
  <arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" />
  <arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" />
  <arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member" arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" />
  <arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension" arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" />
  <link:roleRef roleURI="http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation" xlink:href="strk-20250325.xsd#Role_DocumentDocumentAndEntityInformation" xlink:type="simple" />
  <link:definitionLink xlink:type="extended" xlink:role="http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation">
    <link:loc xlink:href="strk-20250325.xsd#strk_DocumentAndEntityInformationTable" xlink:type="locator" xlink:label="strk_DocumentAndEntityInformationTable" />
    <link:loc xlink:href="strk-20250325.xsd#strk_DocumentAndEntityInformationLineItems" xlink:type="locator" xlink:label="strk_DocumentAndEntityInformationLineItems" />
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_StatementClassOfStockAxis" xlink:type="locator" xlink:label="us-gaap_StatementClassOfStockAxis" />
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ClassOfStockDomain" xlink:type="locator" xlink:label="us-gaap_ClassOfStockDomain" />
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ClassOfStockDomain" xlink:type="locator" xlink:label="us-gaap_ClassOfStockDomain_2" />
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_CommonStockMember" xlink:type="locator" xlink:label="us-gaap_CommonStockMember" />
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_SeriesAPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesAPreferredStockMember" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityCentralIndexKey" xlink:type="locator" xlink:label="dei_EntityCentralIndexKey" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CurrentFiscalYearEndDate" xlink:type="locator" xlink:label="dei_CurrentFiscalYearEndDate" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentType" xlink:type="locator" xlink:label="dei_DocumentType" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentPeriodEndDate" xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityIncorporationStateCountryCode" xlink:type="locator" xlink:label="dei_EntityIncorporationStateCountryCode" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityFileNumber" xlink:type="locator" xlink:label="dei_EntityFileNumber" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityTaxIdentificationNumber" xlink:type="locator" xlink:label="dei_EntityTaxIdentificationNumber" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressAddressLine1" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine1" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressCityOrTown" xlink:type="locator" xlink:label="dei_EntityAddressCityOrTown" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressStateOrProvince" xlink:type="locator" xlink:label="dei_EntityAddressStateOrProvince" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressPostalZipCode" xlink:type="locator" xlink:label="dei_EntityAddressPostalZipCode" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CityAreaCode" xlink:type="locator" xlink:label="dei_CityAreaCode" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_LocalPhoneNumber" xlink:type="locator" xlink:label="dei_LocalPhoneNumber" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_WrittenCommunications" xlink:type="locator" xlink:label="dei_WrittenCommunications" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_SolicitingMaterial" xlink:type="locator" xlink:label="dei_SolicitingMaterial" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_PreCommencementTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementTenderOffer" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_PreCommencementIssuerTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementIssuerTenderOffer" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_Security12bTitle" xlink:type="locator" xlink:label="dei_Security12bTitle" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_TradingSymbol" xlink:type="locator" xlink:label="dei_TradingSymbol" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_SecurityExchangeName" xlink:type="locator" xlink:label="dei_SecurityExchangeName" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityEmergingGrowthCompany" xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="strk_DocumentAndEntityInformationTable" order="1" priority="2" use="optional" xbrldt:contextElement="segment" xbrldt:closed="true" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="strk_DocumentAndEntityInformationTable" xlink:to="us-gaap_StatementClassOfStockAxis" order="1" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_ClassOfStockDomain" order="23" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_ClassOfStockDomain_2" order="23.0001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_CommonStockMember" order="24" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_SeriesAPreferredStockMember" order="25" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityRegistrantName" order="27.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_AmendmentFlag" order="28.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityCentralIndexKey" order="29.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_CurrentFiscalYearEndDate" order="30.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_DocumentType" order="35.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_DocumentPeriodEndDate" order="36.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityIncorporationStateCountryCode" order="37.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityFileNumber" order="38.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityTaxIdentificationNumber" order="39.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressAddressLine1" order="40.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressCityOrTown" order="41.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressStateOrProvince" order="42.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressPostalZipCode" order="43.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_CityAreaCode" order="44.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_LocalPhoneNumber" order="45.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_WrittenCommunications" order="46.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_SolicitingMaterial" order="47.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_PreCommencementTenderOffer" order="48.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_PreCommencementIssuerTenderOffer" order="49.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_Security12bTitle" order="50.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_TradingSymbol" order="51.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_SecurityExchangeName" order="52.001" priority="2" use="optional" />
    <definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityEmergingGrowthCompany" order="53.001" priority="2" use="optional" />
  </link:definitionLink>
</linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>6
<FILENAME>strk-20250325_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release master Build:20241122.1 -->
<!-- Creation date: 3/26/2025 12:01:57 AM Eastern Time -->
<!-- Copyright (c) 2025 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<link:linkbase
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink"
  xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
  xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CoverAbstract" xlink:type="locator" xlink:label="dei_CoverAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CoverAbstract" xlink:to="dei_CoverAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_CoverAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cover [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_CoverAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cover [Abstract]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Registrant Name</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Registrant Name</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_AmendmentFlag_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amendment Flag</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_AmendmentFlag_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amendment Flag</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityCentralIndexKey" xlink:type="locator" xlink:label="dei_EntityCentralIndexKey" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Central Index Key</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Central Index Key</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CurrentFiscalYearEndDate" xlink:type="locator" xlink:label="dei_CurrentFiscalYearEndDate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Current Fiscal Year End Date</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Current Fiscal Year End Date</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentType" xlink:type="locator" xlink:label="dei_DocumentType" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentType_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Type</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_DocumentType_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Type</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentPeriodEndDate" xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Period End Date</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Period End Date</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityIncorporationStateCountryCode" xlink:type="locator" xlink:label="dei_EntityIncorporationStateCountryCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Incorporation State Country Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Incorporation State Country Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityFileNumber" xlink:type="locator" xlink:label="dei_EntityFileNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityFileNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity File Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityFileNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity File Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityTaxIdentificationNumber" xlink:type="locator" xlink:label="dei_EntityTaxIdentificationNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Tax Identification Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Tax Identification Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressAddressLine1" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine1" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line One</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Address Line One</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressCityOrTown" xlink:type="locator" xlink:label="dei_EntityAddressCityOrTown" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, City or Town</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, City or Town</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressStateOrProvince" xlink:type="locator" xlink:label="dei_EntityAddressStateOrProvince" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, State or Province</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, State or Province</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressPostalZipCode" xlink:type="locator" xlink:label="dei_EntityAddressPostalZipCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Postal Zip Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CityAreaCode" xlink:type="locator" xlink:label="dei_CityAreaCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_CityAreaCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">City Area Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_CityAreaCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">City Area Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_LocalPhoneNumber" xlink:type="locator" xlink:label="dei_LocalPhoneNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_LocalPhoneNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Local Phone Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_LocalPhoneNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Local Phone Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_WrittenCommunications" xlink:type="locator" xlink:label="dei_WrittenCommunications" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_WrittenCommunications_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Written Communications</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_WrittenCommunications_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Written Communications</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_SolicitingMaterial" xlink:type="locator" xlink:label="dei_SolicitingMaterial" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_SolicitingMaterial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Soliciting Material</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_SolicitingMaterial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Soliciting Material</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_PreCommencementTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementTenderOffer" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Pre Commencement Tender Offer</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pre Commencement Tender Offer</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_PreCommencementIssuerTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementIssuerTenderOffer" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Pre Commencement Issuer Tender Offer</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pre Commencement Issuer Tender Offer</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_Security12bTitle" xlink:type="locator" xlink:label="dei_Security12bTitle" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_Security12bTitle_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Security 12b Title</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_Security12bTitle_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Security 12b Title</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_TradingSymbol" xlink:type="locator" xlink:label="dei_TradingSymbol" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Trading Symbol</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Trading Symbol</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_SecurityExchangeName" xlink:type="locator" xlink:label="dei_SecurityExchangeName" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_SecurityExchangeName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Security Exchange Name</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_SecurityExchangeName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Security Exchange Name</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityEmergingGrowthCompany" xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Emerging Growth Company</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Emerging Growth Company</link:label>
    <link:loc xlink:href="strk-20250325.xsd#strk_DocumentAndEntityInformationTable" xlink:type="locator" xlink:label="strk_DocumentAndEntityInformationTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="strk_DocumentAndEntityInformationTable" xlink:to="strk_DocumentAndEntityInformationTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="strk_DocumentAndEntityInformationTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document And Entity Information [Table]</link:label>
    <link:label xml:lang="en-US" xlink:label="strk_DocumentAndEntityInformationTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document And Entity Information [Table]</link:label>
    <link:loc xlink:href="strk-20250325.xsd#strk_DocumentAndEntityInformationLineItems" xlink:type="locator" xlink:label="strk_DocumentAndEntityInformationLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="strk_DocumentAndEntityInformationLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="strk_DocumentAndEntityInformationLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document And Entity Information [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:label="strk_DocumentAndEntityInformationLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document And Entity Information [Line Items]</link:label>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_StatementClassOfStockAxis" xlink:type="locator" xlink:label="us-gaap_StatementClassOfStockAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_StatementClassOfStockAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Class of Stock [Axis]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class of Stock [Axis]</link:label>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ClassOfStockDomain" xlink:type="locator" xlink:label="us-gaap_ClassOfStockDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_ClassOfStockDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ClassOfStockDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Class of Stock [Domain]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_ClassOfStockDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class of Stock [Domain]</link:label>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_CommonStockMember" xlink:type="locator" xlink:label="us-gaap_CommonStockMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Stock [Member]</link:label>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_SeriesAPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesAPreferredStockMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeriesAPreferredStockMember" xlink:to="us-gaap_SeriesAPreferredStockMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SeriesAPreferredStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Series A Preferred Stock [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_SeriesAPreferredStockMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Series A Preferred Stock [Member]</link:label>
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>7
<FILENAME>strk-20250325_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release master Build:20241122.1 -->
<!-- Creation date: 3/26/2025 12:01:57 AM Eastern Time -->
<!-- Copyright (c) 2025 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<link:linkbase
    xmlns:link="http://www.xbrl.org/2003/linkbase"
    xmlns:xlink="http://www.w3.org/1999/xlink"
    xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
    xmlns:xbrldt="http://xbrl.org/2005/xbrldt"
    xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation" xlink:href="strk-20250325.xsd#Role_DocumentDocumentAndEntityInformation" xlink:type="simple" />
  <link:presentationLink xlink:type="extended" xlink:role="http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation">
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CoverAbstract" xlink:type="locator" xlink:label="dei_CoverAbstract" />
    <link:loc xlink:href="strk-20250325.xsd#strk_DocumentAndEntityInformationTable" xlink:type="locator" xlink:label="strk_DocumentAndEntityInformationTable" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="strk_DocumentAndEntityInformationTable" order="21" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="strk-20250325.xsd#strk_DocumentAndEntityInformationLineItems" xlink:type="locator" xlink:label="strk_DocumentAndEntityInformationLineItems" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationTable" xlink:to="strk_DocumentAndEntityInformationLineItems" order="22" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_StatementClassOfStockAxis" xlink:type="locator" xlink:label="us-gaap_StatementClassOfStockAxis" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationTable" xlink:to="us-gaap_StatementClassOfStockAxis" order="1" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_ClassOfStockDomain" xlink:type="locator" xlink:label="us-gaap_ClassOfStockDomain" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_ClassOfStockDomain" order="23" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_CommonStockMember" xlink:type="locator" xlink:label="us-gaap_CommonStockMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_CommonStockMember" order="24" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd#us-gaap_SeriesAPreferredStockMember" xlink:type="locator" xlink:label="us-gaap_SeriesAPreferredStockMember" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_SeriesAPreferredStockMember" order="25" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityRegistrantName" order="27.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_AmendmentFlag" order="28.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityCentralIndexKey" xlink:type="locator" xlink:label="dei_EntityCentralIndexKey" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityCentralIndexKey" order="29.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CurrentFiscalYearEndDate" xlink:type="locator" xlink:label="dei_CurrentFiscalYearEndDate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_CurrentFiscalYearEndDate" order="30.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentType" xlink:type="locator" xlink:label="dei_DocumentType" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_DocumentType" order="35.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentPeriodEndDate" xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_DocumentPeriodEndDate" order="36.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityIncorporationStateCountryCode" xlink:type="locator" xlink:label="dei_EntityIncorporationStateCountryCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityIncorporationStateCountryCode" order="37.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityFileNumber" xlink:type="locator" xlink:label="dei_EntityFileNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityFileNumber" order="38.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityTaxIdentificationNumber" xlink:type="locator" xlink:label="dei_EntityTaxIdentificationNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityTaxIdentificationNumber" order="39.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressAddressLine1" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressAddressLine1" order="40.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressCityOrTown" xlink:type="locator" xlink:label="dei_EntityAddressCityOrTown" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressCityOrTown" order="41.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressStateOrProvince" xlink:type="locator" xlink:label="dei_EntityAddressStateOrProvince" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressStateOrProvince" order="42.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressPostalZipCode" xlink:type="locator" xlink:label="dei_EntityAddressPostalZipCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityAddressPostalZipCode" order="43.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CityAreaCode" xlink:type="locator" xlink:label="dei_CityAreaCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_CityAreaCode" order="44.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_LocalPhoneNumber" xlink:type="locator" xlink:label="dei_LocalPhoneNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_LocalPhoneNumber" order="45.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_WrittenCommunications" xlink:type="locator" xlink:label="dei_WrittenCommunications" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_WrittenCommunications" order="46.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_SolicitingMaterial" xlink:type="locator" xlink:label="dei_SolicitingMaterial" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_SolicitingMaterial" order="47.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_PreCommencementTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementTenderOffer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_PreCommencementTenderOffer" order="48.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_PreCommencementIssuerTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementIssuerTenderOffer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_PreCommencementIssuerTenderOffer" order="49.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_Security12bTitle" xlink:type="locator" xlink:label="dei_Security12bTitle" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_Security12bTitle" order="50.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_TradingSymbol" xlink:type="locator" xlink:label="dei_TradingSymbol" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_TradingSymbol" order="51.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_SecurityExchangeName" xlink:type="locator" xlink:label="dei_SecurityExchangeName" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_SecurityExchangeName" order="52.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityEmergingGrowthCompany" xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="strk_DocumentAndEntityInformationLineItems" xlink:to="dei_EntityEmergingGrowthCompany" order="53.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g943742g0325055632703.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g943742g0325055632703.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !! .L# 2(  A$! Q$!_\0
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M-U0C\2(A@,)9XF?PO5=DCK=-\?B5_+OX5CSTD3H#[BLW_A/]3_YXP?D:35?
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M[5&=[93*AVLD@Y'KCTKUBQOHK^QANHON2J&&>U>/:E?2:KJ<UVR /,P^5?H
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M+6&T:UCA58&!!0#@YZU9HI*G!.Z0W4FU9LR_^$=TG_GQA_*M)$6.-40 *HP
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C A3W*DO^L-/@ZFBBN>/\0T?PEBBBBNPQ"BBB@ HHHH __]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>g943742snap2.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g943742snap2.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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LT0D#<QM\@V^1Z=0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % '_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.25.1</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document and Entity Information<br></strong></div></th>
<th class="th"><div>Mar. 25, 2025</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_strk_DocumentAndEntityInformationLineItems', window );"><strong>Document And Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">MICROSTRATEGY Inc<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001050446<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--12-31<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Mar. 25,  2025<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation State Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-42509<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">51-0323571<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">1850 Towers Crescent Plaza<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Tysons Corner<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">VA<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">22182<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">(703)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">848-8600<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre Commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre Commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember', window );">Common Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_strk_DocumentAndEntityInformationLineItems', window );"><strong>Document And Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Security 12b Title</a></td>
<td class="text">Class&#160;A Common Stock, $0.001 par value per share<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">MSTR<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember', window );">Series A Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_strk_DocumentAndEntityInformationLineItems', window );"><strong>Document And Entity Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Security 12b Title</a></td>
<td class="text">8.00% Series A Perpetual Strike Preferred Stock, $0.001 par value per share<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">STRK<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gMonthDayItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14a<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_strk_DocumentAndEntityInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">strk_DocumentAndEntityInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>strk_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>12
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
M4$L#!!0    ( &Z >5I&QTU(E0   ,T    0    9&]C4')O<',O87!P+GAM
M;$W/30O", P&X+]2=K>9BAZD#D0]BIZ\SRYUA;8I;83Z[^T$/VYY><@;HBZ)
M(B:VF$7Q+N1M,S+'#4#6(_H^R\JABJ'D>ZXQW8&,L1H/I!\> \.B;=> A3$,
M.,SBM[#IU"Y&9W7/ED)WLCI1)L/B6#0ZL2<?J]P<"A#G>B4^BQ-+.9<K!?^+
M4\L54Y[FRF_\9 6_![H74$L#!!0    ( &Z >5JV& N([@   "L"   1
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MM5II ,,X?<D3$L/<@HL(2W@4R]9<X%L:+R/6ZK3;W5:$:6RA&$=D8'U>+&A
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M$3+MC,^*W^9Z?*9R&\L4YIJ9/$F$?GP-L=J>=_S.TP\W<KVQ[H?>^"P3:UB
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M7>EYIK=WDWM)J'7N0;#W\!J-'<V/'[?\ 5!+ P04    " !N@'E:)!Z;HJT
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M2P$"% ,4    " !N@'E:1L=-2)4   #-    $               @ $
M9&]C4')O<',O87!P+GAM;%!+ 0(4 Q0    ( &Z >5JV& N([@   "L"   1
M              "  <,   !D;V-0<F]P<R]C;W)E+GAM;%!+ 0(4 Q0    (
M &Z >5J97)PC$ 8  )PG   3              "  > !  !X;"]T:&5M92]T
M:&5M93$N>&UL4$L! A0#%     @ ;H!Y6J(USET&!0  *18  !@
M     ("!(0@  'AL+W=O<FMS:&5E=',O<VAE970Q+GAM;%!+ 0(4 Q0    (
M &Z >5J?H!OPL0(  .(,   -              "  5T-  !X;"]S='EL97,N
M>&UL4$L! A0#%     @ ;H!Y6I>*NQS     $P(   L              ( !
M.1   %]R96QS+RYR96QS4$L! A0#%     @ ;H!Y6APX9>H_ 0  / (   \
M             ( !(A$  'AL+W=O<FMB;V]K+GAM;%!+ 0(4 Q0    ( &Z
M>5HD'INBK0   /@!   :              "  8X2  !X;"]?<F5L<R]W;W)K
M8F]O:RYX;6PN<F5L<U!+ 0(4 Q0    ( &Z >5IED'F2&0$  ,\#   3
M          "  7,3  !;0V]N=&5N=%]4>7!E<UTN>&UL4$L%!@     )  D
*/@(  +T4      $!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>13
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>14
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
.report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

.report table.authRefData a {
	display: block;
	font-weight: bold;
}

.report table.authRefData p {
	margin-top: 0px;
}

.report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

.report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

.report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

.report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
.pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
.report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

.report hr {
	border: 1px solid #acf;
}

/* Top labels */
.report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

.report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

.report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

.report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

.report td.pl div.a {
	width: 200px;
}

.report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
.report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
.report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
.report .re, .report .reu {
	background-color: #def;
}

.report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
.report .ro, .report .rou {
	background-color: white;
}

.report .rou td {
	border-bottom: 1px solid black;
}

.report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
.report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
.report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

.report .nump {
	padding-left: 2em;
}

.report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
.report .text {
	text-align: left;
	white-space: normal;
}

.report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

.report .text .more {
	display: none;
}

.report .text .note {
	font-style: italic;
	font-weight: bold;
}

.report .text .small {
	width: 10em;
}

.report sup {
	font-style: italic;
}

.report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>16
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.25.1</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>3</ContextCount>
  <ElementCount>23</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>2</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>0</UnitCount>
  <MyReports>
    <Report instance="d943742d8k.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>100000 - Document - Document and Entity Information</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation</Role>
      <ShortName>Document and Entity Information</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" isOnlyDei="true" isUsgaap="true" original="d943742d8k.htm">d943742d8k.htm</File>
    <File>strk-20250325.xsd</File>
    <File>strk-20250325_def.xml</File>
    <File>strk-20250325_lab.xml</File>
    <File>strk-20250325_pre.xml</File>
  </InputFiles>
  <SupplementalFiles>
    <File>g943742g0325055632703.jpg</File>
  </SupplementalFiles>
  <BaseTaxonomies>
    <BaseTaxonomy items="26">http://xbrl.sec.gov/dei/2024</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>19
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "version": "2.2",
 "instance": {
  "d943742d8k.htm": {
   "nsprefix": "strk",
   "nsuri": "http://imetrix.edgar-online.com/20250325",
   "dts": {
    "inline": {
     "local": [
      "d943742d8k.htm"
     ]
    },
    "schema": {
     "local": [
      "strk-20250325.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd",
      "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd",
      "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd",
      "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
      "https://www.xbrl.org/dtr/type/2022-03-31/types.xsd",
      "https://xbrl.fasb.org/srt/2024/elts/srt-2024.xsd",
      "https://xbrl.fasb.org/srt/2024/elts/srt-roles-2024.xsd",
      "https://xbrl.fasb.org/srt/2024/elts/srt-types-2024.xsd",
      "https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd",
      "https://xbrl.fasb.org/us-gaap/2024/elts/us-roles-2024.xsd",
      "https://xbrl.fasb.org/us-gaap/2024/elts/us-types-2024.xsd",
      "https://xbrl.sec.gov/country/2024/country-2024.xsd",
      "https://xbrl.sec.gov/dei/2024/dei-2024.xsd",
      "https://xbrl.sec.gov/naics/2024/naics-2024.xsd",
      "https://xbrl.sec.gov/stpr/2024/stpr-2024.xsd"
     ]
    },
    "definitionLink": {
     "local": [
      "strk-20250325_def.xml"
     ]
    },
    "labelLink": {
     "local": [
      "strk-20250325_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "strk-20250325_pre.xml"
     ]
    }
   },
   "keyStandard": 23,
   "keyCustom": 0,
   "axisStandard": 1,
   "axisCustom": 0,
   "memberStandard": 2,
   "memberCustom": 0,
   "hidden": {
    "total": 4,
    "http://xbrl.sec.gov/dei/2024": 4
   },
   "contextCount": 3,
   "entityCount": 1,
   "segmentCount": 2,
   "elementCount": 30,
   "unitCount": 0,
   "baseTaxonomies": {
    "http://xbrl.sec.gov/dei/2024": 26
   },
   "report": {
    "R1": {
     "role": "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation",
     "longName": "100000 - Document - Document and Entity Information",
     "shortName": "Document and Entity Information",
     "isDefault": "true",
     "groupType": "document",
     "subGroupType": "",
     "menuCat": "Cover",
     "order": "1",
     "firstAnchor": {
      "contextRef": "duration_2025-03-25_to_2025-03-25",
      "name": "dei:DocumentType",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "p",
       "div",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "d943742d8k.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "duration_2025-03-25_to_2025-03-25",
      "name": "dei:DocumentType",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "p",
       "div",
       "div",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "d943742d8k.htm",
      "first": true,
      "unique": true
     }
    }
   },
   "tag": {
    "dei_AmendmentFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "AmendmentFlag",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Amendment Flag",
        "terseLabel": "Amendment Flag",
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission."
       }
      }
     },
     "auth_ref": []
    },
    "dei_CityAreaCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "CityAreaCode",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "City Area Code",
        "terseLabel": "City Area Code",
        "documentation": "Area code of city"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ClassOfStockDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2024",
     "localname": "ClassOfStockDomain",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Class of Stock [Domain]",
        "terseLabel": "Class of Stock [Domain]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_CommonStockMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2024",
     "localname": "CommonStockMember",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Common Stock [Member]",
        "terseLabel": "Common Stock [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_CoverAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "CoverAbstract",
     "lang": {
      "en-us": {
       "role": {
        "label": "Cover [Abstract]",
        "terseLabel": "Cover [Abstract]",
        "documentation": "Cover page."
       }
      }
     },
     "auth_ref": []
    },
    "dei_CurrentFiscalYearEndDate": {
     "xbrltype": "gMonthDayItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "CurrentFiscalYearEndDate",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Current Fiscal Year End Date",
        "terseLabel": "Current Fiscal Year End Date",
        "documentation": "End date of current fiscal year in the format --MM-DD."
       }
      }
     },
     "auth_ref": []
    },
    "strk_DocumentAndEntityInformationLineItems": {
     "xbrltype": "stringItemType",
     "nsuri": "http://imetrix.edgar-online.com/20250325",
     "localname": "DocumentAndEntityInformationLineItems",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document And Entity Information [Line Items]",
        "terseLabel": "Document And Entity Information [Line Items]"
       }
      }
     },
     "auth_ref": []
    },
    "strk_DocumentAndEntityInformationTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://imetrix.edgar-online.com/20250325",
     "localname": "DocumentAndEntityInformationTable",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document And Entity Information [Table]",
        "terseLabel": "Document And Entity Information [Table]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentPeriodEndDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "DocumentPeriodEndDate",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Period End Date",
        "terseLabel": "Document Period End Date",
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentType": {
     "xbrltype": "submissionTypeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "DocumentType",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Type",
        "terseLabel": "Document Type",
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressAddressLine1": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityAddressAddressLine1",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Address Line One",
        "terseLabel": "Entity Address, Address Line One",
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressCityOrTown": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityAddressCityOrTown",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, City or Town",
        "terseLabel": "Entity Address, City or Town",
        "documentation": "Name of the City or Town"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressPostalZipCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityAddressPostalZipCode",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Postal Zip Code",
        "terseLabel": "Entity Address, Postal Zip Code",
        "documentation": "Code for the postal or zip code"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressStateOrProvince": {
     "xbrltype": "stateOrProvinceItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityAddressStateOrProvince",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, State or Province",
        "terseLabel": "Entity Address, State or Province",
        "documentation": "Name of the state or province."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityCentralIndexKey": {
     "xbrltype": "centralIndexKeyItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityCentralIndexKey",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Central Index Key",
        "terseLabel": "Entity Central Index Key",
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_EntityEmergingGrowthCompany": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityEmergingGrowthCompany",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Emerging Growth Company",
        "terseLabel": "Entity Emerging Growth Company",
        "documentation": "Indicate if registrant meets the emerging growth company criteria."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_EntityFileNumber": {
     "xbrltype": "fileNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityFileNumber",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity File Number",
        "terseLabel": "Entity File Number",
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityIncorporationStateCountryCode": {
     "xbrltype": "edgarStateCountryItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityIncorporationStateCountryCode",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Incorporation State Country Code",
        "terseLabel": "Entity Incorporation State Country Code",
        "documentation": "Two-character EDGAR code representing the state or country of incorporation."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityRegistrantName": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityRegistrantName",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Registrant Name",
        "terseLabel": "Entity Registrant Name",
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_EntityTaxIdentificationNumber": {
     "xbrltype": "employerIdItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "EntityTaxIdentificationNumber",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Tax Identification Number",
        "terseLabel": "Entity Tax Identification Number",
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_LocalPhoneNumber": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "LocalPhoneNumber",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Local Phone Number",
        "terseLabel": "Local Phone Number",
        "documentation": "Local phone number for entity."
       }
      }
     },
     "auth_ref": []
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "PreCommencementIssuerTenderOffer",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Pre Commencement Issuer Tender Offer",
        "terseLabel": "Pre Commencement Issuer Tender Offer",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r3"
     ]
    },
    "dei_PreCommencementTenderOffer": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "PreCommencementTenderOffer",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Pre Commencement Tender Offer",
        "terseLabel": "Pre Commencement Tender Offer",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r5"
     ]
    },
    "dei_Security12bTitle": {
     "xbrltype": "securityTitleItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "Security12bTitle",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Security 12b Title",
        "terseLabel": "Security 12b Title",
        "documentation": "Title of a 12(b) registered security."
       }
      }
     },
     "auth_ref": [
      "r0"
     ]
    },
    "dei_SecurityExchangeName": {
     "xbrltype": "edgarExchangeCodeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "SecurityExchangeName",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Security Exchange Name",
        "terseLabel": "Security Exchange Name",
        "documentation": "Name of the Exchange on which a security is registered."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "us-gaap_SeriesAPreferredStockMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2024",
     "localname": "SeriesAPreferredStockMember",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Series A Preferred Stock [Member]",
        "terseLabel": "Series A Preferred Stock [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_SolicitingMaterial": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "SolicitingMaterial",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Soliciting Material",
        "terseLabel": "Soliciting Material",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r4"
     ]
    },
    "us-gaap_StatementClassOfStockAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2024",
     "localname": "StatementClassOfStockAxis",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Class of Stock [Axis]",
        "terseLabel": "Class of Stock [Axis]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_TradingSymbol": {
     "xbrltype": "tradingSymbolItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "TradingSymbol",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Trading Symbol",
        "terseLabel": "Trading Symbol",
        "documentation": "Trading symbol of an instrument as listed on an exchange."
       }
      }
     },
     "auth_ref": []
    },
    "dei_WrittenCommunications": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2024",
     "localname": "WrittenCommunications",
     "presentation": [
      "http://imetrix.edgar-online.com//20250325/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Written Communications",
        "terseLabel": "Written Communications",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act."
       }
      }
     },
     "auth_ref": [
      "r6"
     ]
    }
   }
  }
 },
 "std_ref": {
  "r0": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b"
  },
  "r1": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r2": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r3": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r4": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "14a",
   "Subsection": "12"
  },
  "r5": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r6": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "425"
  }
 }
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>20
<FILENAME>0001193125-25-062523-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001193125-25-062523-xbrl.zip
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M^+?!ST=GGX[9X/ST].3R\N3\[%$PMI\"QE]Y.(&0/?+<*OM0']19N]GM["_
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M)J-I0M%9!F"0*7I#^/!O8#;F47N68U7;(VH[9]@<Q&K!(X"3S\C*07CC*CD
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MK+;WR"LD7P^&XL'0[C=^,/0HD[\Y0G =Y2^?+.9JWL\<?OL2QT)1Y4E7W3.
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MC>S\T\>M7VGKG]]UZ\\OXZ6*\48HX6_%!.Q=?W:;3=^+!G?<Z+L,^59T:IF
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MW#(,3)4'[V,@S]F\@->4</W+O"CG$:AY\%/4[YF?@J\S>.G/\VP<H1H([_S
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M606S%->^AOH2/\>"E\(=>W]9[X5S1+@1*=TU"(-)PG;H#1X_L+V,XG1V_"'
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MX'];D#'C0[?+*W3A-'!?%J3(;,9/@I.)][FF%BPI//P<?C1:?9SU%0IY+#B
M-M+6KBU-'?^:YZ08:-IQ2'YW47(_//JE[K2B[VYY2D7KN'O\(0=6L@^OVA<%
MM19_@.G]&5<.4P#=]?/Y!Y29\$O9[_U".(N3;/1$(KP)S#1";.H%F%D<5VP]
MLKZCCB>VS-616<,)7+H(TV2\/\L3TZ!K.;_O][P,OX/X\FTGU9&(-%M*$? R
MRB\RJB:#$G@6DQC&9*.XK$CS'D9<SGR2@.9IFQLEH29+5:-*2BY8,(:OZ!^_
M!E:'!:DLB4C#JLT9MM25,OT>1A"N(MAC"J"1\ALE5F4O%')W6PXK(H"XC$VL
MRT:-DC8U[N$R@2BUL1/:?9V90&,T'9+A7(75!?%!OBS/G"QX0HC/ZEJ&,*)K
M#%T#%<QG3UJU8B<1: &.H6LB4&UX^;Q".Y&&<;<<H=8)K &BOT'+S)[6@V8*
M-13%[<D4NJ<CL#!+J&T?=CM1R)J5VF^LR&@1EY2:3#6L"@37Y3P;XPZ-\Q24
M&!"/_Q?4R,%J(O[-VY-WP7+(42@%!K$B7!,^PRRG5O<$I25!0NR4>NN!IJ^C
MW]L#%D02WH:]C.>%"NZ XE>(7]!]K;;1%-[/@5DPJ(0]@=JAB;A'15Q=5#WE
M,0VEDM8EPJRPPB#5U%)@TZ0HY?0U1B'SH!_MP?=[H,TF:=LJ3II/2"55YRQH
MHEE1Q5/*9S3^Y[R4>EBBBUY0-=*2$C6TYYP0S5QTZY!K5ZQ&;\9[CO%HU]5[
MXVYJ>^D,I29=1@C'S)HKI/+2G6L6(56@D^\=//54_X#9)/G8*BS1>'=HG.>W
MHK;E9A36(E.5073]V(4FQ,IJO?CGC9'6 M>R)UYS^I,& -SU<AI7R:CN%VH.
M%3F;Z_KI[$(C/F(/5S[B;B-"(5792NMF%XNV<&,5(PQ5_4'%_6HLB6/'ZL"1
M@>LBT4<6" I#5>Y U9D#.S4%VXZ(A T:& DLCJDG[$PCPI(P,+<XC68E\GU#
MST*UR)FXD)T.IH4MS);48:=L8MA<D2<8B<=CJ)5#H'A,YKA0%(G1]T*B*.QD
MD^7%NLU@I,/ZP( J@DM6)/^$N@RWW#LHJP$C.!Q7FSKD<MK*^^+MW7.UM2JN
M9+%@Y]VJN_V>6>7[X-3MHO])\,=EG%'=S&7%N)A\2\U8K 'NKH?OQ:.'[\X>
M/D.=>4<W6"3%\+FR#I5;&JO*5P@YQ;-)3@Z*-CKWL>HD\GLL ?[1I<5;FQC4
M8>PC6C/N?F\%!55_F,V.A2A>SNU2 U,E\%U[0NHFBSUT3[JH\@3P@.@+_#6)
M''4JWL1VHLUG166"9^LY*BQV%%9E[,*J5%K$MCBA[+H #U5JH5,=FFTUM)>Z
M<1966@ S?8<,;8X$!$=)6<RI4'5P?!4W"X<URVQU<LV0+<)5V56M*T+,"S_%
MLNH8W2.=R%+>E@<^LG@?*]@KES^PU4*I?+'H97R62VE//%;EVBEWC>ZPN9W2
M6&X9$NWW=+J*!%U6CI%*F'/"Y;O&DA>#_XPEPPYSG&"H!:JMY1PV(BN%AM-D
MFE1,F@E&?$4#D]?L#9$K1B4?E6E^Q?!.5% Y3 "SB-D"H!>1/2+8(6''NHY@
MLYP:IY0E'35%2DMBKBIET5E?'G&M],F\HMIGYB)EVUGJ=;?B#YMANI^TE7*2
MC1A$"^,\2E(RC<]($GGAI G>CD:_PJWI%XWE83=IV2H$5V.SL"D3U\N\MSA#
MXP+4XX*3-4>CF+H,X2USSG.6XX")W#*TKQE!VLCAP>75*Y5;E73JNZ'*BI?S
M*7XABXEQYOP\H17 6A5TXG4^3\?(=.9I99Q,U$4I##!FQ*>DWP,MHQ@E?+PY
MXVQ_2((9$1!P3B*E:>C6&:'.="]#36ZY]'B)+NB V&DZ)G$,N07[ABABA0>6
M1:,NY!/*A1)VB>F:_[;R#LL&/_4ZJ&N;N=&XUN<)&$Y-')I?,NA6.Q4E\B@G
MQ(?+*"G@M:I35XR]$W$SZ9G+))Y8-\L'0_ZAW_L9UBZC/"3]BWGLT!"M\^LY
M'BS@*?+G60PG#2&,K+T>6UT]E%3_'5FB'II2 FM7ZW52K;9%'/24$ZQ<%[2I
MUUC75?X+A#8>4RXH&?_X%:V84P,GR0OXG:*V^L.\\INLP_IY)B+Q-![#$:KU
M)[@#2ONG+4!I?XDH'8+@N>N9U?.]BVVH35DKC> U ^ZQ?$F_Y]8O(>Z.WLFD
ME%XGI!BP&1=B3[[+*$Z#_WH2G$4W:2Z']S).=,^^^N]R3'4[*?]]*F.X_4T;
MWJ2%NLVZ*'(+SMF2B+I72WJYJ(M=\QW+.G9PK.5OT++CQT<GW_V1:>F(-\T/
MX<=9_4?#2=&E +H@T&9H-PZ5]D\ZAYJL+2!78%A#X%K5C2I^$ ;_1$!;@);X
MO*"Z!V4.F@\[,.BW?:U2BIZ%1<]#;(9H=3!U8'Q45@D1@]E4]!HI30#";D3.
MKED.@P"[ LW+(<Z [,N*RRH\"0[1CE=7'1TU6C"5?D_]9LV=35LLTUXO081%
M9N!&5+(]\D@EAW?IJ[$1[>C+Y4V)*]COW6>F5Z?DJI9$+]T8H9D\(^',X5U2
MPJ2D:RTR^N!Y84'7M#!.KM&@ CU)'/YJ>6']GC<Q;)/$6'.^J'KL:TJ.;Y1=
MW\@DO6:(.F:!QUIAH/-Y],VZMDE=R!K9JMG\2RVJ<2V9W\K]4XJYF]_?R8FW
M)+_?7=0-$T5K/0AL@W$+&W7C]2 :4_-2C:<M!C9 -6>@VU:'AOJ\2(22ZE:+
MAY@TCN;P5J'7>..6B37^!>G_:+EB5UFZKW,%@*4'2^7]VUMURP3_GP1QLU%*
M9<&[)G'#GI0MD#>2([O6:6UH5H>!/2^W:=?2(-RG/-N7YE$2A^OWZL'#MHI9
M.E)KAP,G*K>RI:0TZLFF(^X*"O$+<7D,7J,>C-@UQ)49@%.M\9BIPZ\ZS%.O
ML68_,I[#2B #.Z\@\@5T&OM@]0-CV %U/QMC.<A"!DC#$_9C%FUQ&S982B4=
M<.&I5-T$GH;-V?M!U'953M/&$<I;^SWO:Z6BL$:TKG>E5VC%U7VA5UO??N]N
M"QQ3+<R]E\M7V/]:,&X/FW?<XJQRG)^-0^1?<A#'S2-+17"Q5F,<,"Z;RQ8B
M4ND:4_D0R;CJ1K:GUWBVTNP*O106%LF(4)2BDN!8:%1K7!E<![#I:D@K6"29
MXH@BMG)5%[/L IO2H]Q=G^-/CS['NP(+-8GF';$335E:/QCBQ%"!Z( (S^)C
M5+9*M?LLYQ@G36+6)D&);3Y<4O8P KN4 :FJPBOKD=TG)?;V2 B_1]["*E^,
MI<+KZSNI9<."8] YZ@NU0J%6,=" 2W$BUEA['%O&U._=9E0A\WR&Q@G<TW9O
MZJK(()/(VQLU=EPWT.NN][_:@NA.UV:T"QHX=@:!RRI;16">'X3]WG_-LUC^
M?!H&9PALP3"\ND2GX2@>V1</M)B^B:,B!%*'U<D$*.:^#VO,8.ZU>P\='_:I
MD\6,$THFB?$[CMHZ2QK7XT81'LU](T1=PP1FNEZ08+&L!;"OKA7K5I3_T#*.
M<)5LCH$OG8.<O]C]=^'PMFH+3GTNP8.G% K%<&:49?/I-HWX[]5%?'%39C4_
M8Q+(3%^;>(O%F0Y>-*NY+2;%?H_5<N$P]*[@^0'E#%H\:?47!\Y[\4W!\Z=O
M,&!39Y9W?;=^'7V HD)C61J7 =<^1$C&E;ZD7@<+M%'_T+*2G5Z7HG$5\L17
MD8&+'/)+*F-NV)EV=OS!K 9[Y$V?M,!JDX9THR%$6+\A*<O-AABLP;4U>W-O
MP9T\>/7\>;.[VV98&^&1&U W,_I:5SX!6&GW)UZPX7(;G8K6M#JIG,O9"BKJ
M1^J,;:VR8*:]6$S5)VU[O.I3U;]L=&)V.GUC(NNJ]+#+F*^7C_Z7^Z(]E9?5
M ,GZ+575DTHK? 3N<4!?%GK+P*Z&*NF27"<W3M)U5,=*M<*K"(TC);&Z]#JL
M<M1#ZHWI2'G@7E*B46A_3DN?%#=LPU,F6Q:Q9&1WP;0)T'Y!_7Y46H@LF@P@
MNBCB6*'1"-!VR?XD3I*S?B>GE:ZXDM[HKD"E,QFT^O""SJ2AJF$2\+9R/V#+
M@=X9E4\XM%B269SN0N).LS<SZ+*75&6-VJI(4ZRJ #:%V U_>Z90ESOXHAL@
M>KJ9\;><-%0U1'ZNAM\B5; C':$G'RNLJKX\G8A)VH^IA*$22-U)S"0/%_K!
MN <4#DXV*T$V$)?X8ZXI4%*1Z#X?9M!ZJ&6G.L^6),0Z-XC!Q$MW*-1M>6J-
M(*9DN3 L5-8A9 <2)Q^V8"C;9Z@7R\E-KO47JDV)TO)6H3LJW*+Z$NEUQ U6
M>RGC51!_N_<$W5R&J^W<1D/DY]&W[A'NQ&TL=TE5.*G]'?KB@WR69,*7\/"4
M<8KIU(BHS4;L,:1UF495956E4%R42K!0@T1)CL,6CYOHMTR'"6T9YM)YB"EL
MA6Y2J/9==32T<:[($#*8.DYW5N0D5#'\:>ZE*:?1M;#I.++3J9U$1$H"M'+U
MO4AF?DWTC3X_!ZFF>@\*Z1>D'G-VG@(:8\IP?01O-M+5$]6"\12(!JTO6BCI
MS-?OB?S7T.)_PA(3XQ@#_U!H;5X=:>15>Q,L/^_$E)+QBGE*[E)9D+R@!'\N
M^!^JOC;T2OLI=V_]=]'^8!$<T@2H6 S=,LYGW,2QT\ 0M-@<F>1HRQ9N8)-&
M*QX'1>%Z5SC[E;>+TX+A[,\P7U$>9AKWD@$^T[KO]1<5[L*R=B4U'$J)4^G!
M-)7>548@+3,GI*KI%%X8RU62S[%TA"<!67V:>  &&_H]<CU*F]\471 I?WJ8
MCV]"JH('Y&&R&Y#$Y83?6'2!],)/L#:;2CTY3KJ<LN0#>F7YK.".6*Q)[6EC
M0\UF8O8SB+3Q?,1JQ30:Q\&?&:@9NA/P@UK3>V.@1Q@^U:Q#50<&"DH.CA7+
M9:@:\5@REU6R1@?;"+DE+.18!WP[E$9A=AK,YD-0SV!7:050/>HXCN@B2K*2
MN8&81-&W673#MA%C58HHH>1NT3_M-B9VX1BK4 /O8E%OQZ7*77<L+A#>:A=7
MVC4IVMB)WDP%2A5K]YY++,!/'95]!S1<RAR0L*6J5]&RCZC^J:VDJ"CF\Y<U
M&I $9RL>\DQ"J2&C!O UQNZ(L*V)M5M@3912H\>J^KP2C@@7@D:/]0=@%Y<!
M#ECQFT1EM0\$J*+[9*=JY<^7"2LYYS?B<.,:8LL^YJ;//OGIIZ<'>^E@_SEV
M,\5L&/[XGK6\3A-1'U6#!CD"#L<[RCK08),E@]V<BW5EC3N-;G?2F??JT9EW
M7Q1GJD7>KJ)10P*P"C:V*^R:2K#RM:[%<(SJ0R9C><<B1'?JRZ+:W?@>]91U
MJCE@)*G0>=_*_5K"YOSO5E*)AD,5E,8UUYB6-UD>M%3 PJX7[-59H>V%7DOY
MK#2[8'JTB-$2'ZM2H([FN&5)-Q>L<>.$C6@-D<![K/MV3@F_NC+,)T46AZY+
M%15*([F T%0-VNXY(AM/$K&;430;EE%6-GHNLC2^X8'_1S2=O8&U>1)\_/@A
MA/4J0.^[*957OM_#%BUA\ %.#)7B4-F[3+QEP#__EL= @>X;65^GMWX #0&6
M].>D^NL"&<^X]NTP^.\8: T^7\QOX@ISCOFW/_(<JQK)1Y*_YI>Y'=S^>G;(
M'SC[)3B<Q@5PA=+Z/>0?Z9??X:39O_ K@3Q&13ZIU'3EB??G)[\ PX5_T^D]
MA]/Q/LY&E\@/#!W!SQO<Z=_9H;VH X(_;L2>/2J@I0IY*S MV"G]GD'42D1C
M=0PHF9U+[AQ*ABBGU33+3]D*MA4 M_H,Y$5K#P(N$XV;1/D^/$NEG4HH@(,$
M/&<P0(75416N DO346$O2MCP5LSB95P,-_;LT=JZ(VR&Y_YQF:/:\)E"&-Z(
M)8&GQ#MO/(/FUEI@@I(X/#:5&Q54'OQ^#X,GM:B,B43:H4P==).0'A9O3R8$
M&^%DGH$5C%D<9?%/NAEDV<#&.,;;,QC UW>G;\]^._SX\=W7C\=G;[_G?P=R
M[?//^LH'=>G3V?GIUP_G)Y\_J=_>?O_UW5OU3_YO2W:)6PNCW[.+8;Q>P!OO
M+2S A)H7JE='*=V*X*B5R57\9@/>L*$:E?93.T*Y]INNU6Q*:_+MFQCZ2 T=
MF9:,6FKOQAQXF\*-XTT,;3P@EL'#DX8'-@="2Q[^D<U9+4BY$%.]V+J_:0(=
MZ?J3FYADC(Y4&,8%^86O\O2*PB/DYU0X!*L*\1"+"RXJ[K.\((X33[0D% ;8
M50&>";G:;B1\A0P\UU$&-12JR*"%N<1:;SDR'2>;9ZIFL@*JJKPA'7/08]G$
M=DT&4F%1['!L%$NX-[609&.F<XJQHZ+AW,T_./>J%V!Y)4EGY0 VIA(4,57[
M+NT@^\//^4*Q"#1LDRR4,VBNY1.YA!-F^<S3QH,F&AG6#BXJ/IM\-)>T3* (
M]#6(96ZO2"Z G#TD5DW[LUC'A_C#=G4IOPAS/K/2LN^F!_#@Z:,+<,TGXG)@
M>A,0(Q3 &O<+4]""R3PU/_B1!1-ETRHZE"9-"PB14@T?.OR<L"B.N0@6 FND
M]'EIG7FPEL#0X_K?G4YXX22"$UP)CW:7<_OP5KFCAC\G-?Q<-.A?C[7*_44N
M'9]^.3[_>OA1_W F/YR?GORL;^_WU/VGQS\?GYX>'S7O__SAOQ<J[0]."Z""
MOSUY9VW&&[1^@]]1A<(>=EA$P-CX7$K0M7B!R'5"KX@1R3IK*<#9]%2J<K'F
M#2O5.!V@V8"B:WACEU>F/&:)XJ&"K@H[<+C_+UU_0&*6IF+$3'_(-]\GY%Z:
M86$+W0NWJ_-7U1E5X/,-;/B0-MP4H#\TRZ'JSN.NGVL(L+5>NMK\2H5,,/Y,
M&<PPHA0E^01#S@J7C\9322[WE^&+IT_#IT^?#M[@$!=U5A1<FS*]5*4EP0VA
M5J&J]2E-0J$J#;39E,ZW9M@^K6;7^6G$<$]X0'<)85)XGR, &IF< 1(C?7)<
M>XAE''7E1$:!D/HM(U)I]]32WJF)8H:\4K,:#.@;3PW774D2W4J0.PJ,P^:B
M\TBR?B_+N; .VQRDQ>M.!$.!VZAB+0S ID81Y;+EY@-HG=GNAW CQC6LT.%X
MG$@X8CF'(OZYH&UGZ$!EB*"6TK1@YJV8/D?"<HU=7"YP[3JBR^(D7&EM$"+1
M NDDL*BF@1O6IE?+L0)-ZN:YU Z">P1)9%\4_Q7.89W @SVDOAE6CQ L[#?"
M$=IA2&^K(.K78'DGFS5I*(N?#JNN8A,HKM*6D6ZGBTTP=DI]I)4S !VBH#**
M#F5J#B$BD,Z96>!5F.Y M3^_[?Y@U9P:B:%M<)&30V-H*MOI>C=&V9-MM;P)
M.&6G>S)?J&"JTJN4O,JX]:%OG%@KUM\2U>%E6"<!2PQUJ:"W6@^O<ED+KZ4B
M2W%3RQ%B[0T%O$&,6!QP>:]3TKE12DSFV46B Q_+3M!2"4&X3MMU/(G'A-&W
MHAX"=?:V]SR*"9>)L8,O"G-;2H![/1-7KB_J=,&)C=1,0Y=,^?#U[.2+U5MC
MB#ACY^H38,=Z()W8;HU5BV[)12:0%ZK6!"P6:ZHF_L1ZIA:$H85<I'@:]8:J
M*]NV-J"9BM-6K!96LW_;@'XY)BGY,YA_(?(\1GEC"94LGZJ6-BP8;Y&%()?0
M2T!#N[,=+$/E(8J@M.1FB6UX3?65;@)_AYU+!X_.I84T]^K.-'= -/>+PG,Q
MQ1Q32+VMYH]/G#6U(&2)KP-X_QWKJ _KR.<.==0#*J .!OPS^?HPCECE3>,+
M4IS$]T5L>MEX+AF2@ WMB<_2RX#]B8^WWU,O!2X'_P7K2MK4V1\!^:2::VG4
M6S%/*48,]N:%1D(;8340Z-=S/0E2"<=644A2$1/BQTY%]V!!0?<[L+B[D]LS
M(K??\K$&ANM0VL^24.BP._@-^V--ISE-]<3"R*]J^/1[JS7 7N;:%\VIB[NA
M;J6,K999GG;>W?$RSZ56LB@SE5NJ:Z\<4)7T6KFNY3B]B).BHP2KB5XELD\Z
M!V;YT6MJLW#318Y5MR)4"75G/_;3@L)6Y+,BX5[FTL11Y[:(>IX7H/7("A(-
M5!P=LFQ'72Z^W_.A:=23)4,\QQ'0:#",RJ1T*\%WP+QW1.!'U3Z,9I]AH.P<
M%#R\@L6CAB5!+%B#BR*:<@<'MNDTX7.6'W;")&M,. NS&56"K%;VQ$V+H<5"
MZE^D@CV0FL-Z3K.+1_DF4%U(G,LBE,B()N:GK)U^ST)8LH9K+%;C!M/LLND'
MJQ4Y)(-?#JN3D-/EI(<=CY<V%I@56"WHW<QJ&T'$B^7T9BF?>!JAE"*AM)#A
MOJS>964SV/N3_RV>SR'R&<^G@W5=RK0Z5$=[*%)D6O0WK@%Z/'%2C)@0.P"9
M:J)":T&<$NC_V@+\!'%"#-DIWP7F:FN3G]T=B7+[-,7H$EZ]=TO=;$ *EDIL
M!,U'=:R1[@+&VA7HG=*9M VI%20U!9JN(/!]A!EXJ=#?63Z:4-L1A5IM6?2L
MIA/H/N!M#\C)P(:TO-:<)YK';!*+[**/P_N,<EAQ>=DW1I]SF]!WT#F4GL*R
M91RGR55<W%B@I?9I>E<(F\N6Y*S01>V=#<24+?45]>UZ;:V)I+M5Q9P%C9;
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MLIJ@*]\2%D7'MHM[!RH. '(()A!AZ[>;TAD,'T#S#JEW?:.**\)J;(V=268
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M.[1SH5BV>DGLJ[HDJIG;ZF7?MD"/?$%;<V8J3N23Q9KO5U]E!^7M=^LH+/5
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M D?L= 0Q12]7 [*96DYV^=,V!-:8$JJ4@B/D8&3NIC'[5-.L#>"WM[3NT\
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MKBY1;%:7 P=-88E-KJ"58):E2IKT,6;7%*0])X!!S0Z(ZH@#S[!MF.N"65F
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MA-AB<G[%&B2U;5;B3,G%FO@[R49Y,<L+U><'S[1].M$T +& 2JBTPX1M-0^
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M2Q(Q,(DLNVST=:=KP$ZUDV?-:;2=1+=< 5E'5TTZN3982TGLNI)F.;8QDJ?
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MB3UZ$K% ])$RRD&QX,R!H4EC_N:I:TAMVTS/9VQ-&6P=Z"I^\+!PK6Z"ZV>
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M"X3>"->D&VM6_G,%/]_KX.=Z@Y^&;<,CC'ZRRZ9UH^.</T><,U]\,J-!<C)
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MF+W9\_=7N&0.9"[TSN5QEU\=S<[C!CVE6?T,#Z^=F_K%_P-02P,$%     @
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MY9/X_>HU22EYA5N*2LHJ.G=@<,1=7:2QB:D9^KZYA;V#HY/S(Q=7'U^,GW]
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M) I#8CS3#3%5F.CK2R!CR]1>=&%+UU\\#DLS,!A14$=.K-8GM&IALV\IXRF
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M4&7$<,+9DKHKV<N40_0)DW7_4),MM.YW>#&BDUND].6QT9WU;M=1-+U)CF*
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M4T8R=8>34@7R:=MO]Y)Z7#SR(B$6Y/N:OH=V F97*X^-^FN*9V4I'A@YB.]
M@>7VLS/<ME)[6H' M*]O^M>_P:;:+#PR=I#C"266Y[DS/'M+8;)S362$Z5^
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MF'_FAW+ZR#]02P$"% ,4    " !N@'E:A(/:ZTP=  !&K   #@
M    @ $     9#DT,S<T,F0X:RYH=&U02P$"% ,4    " !N@'E:WQU!9R.6
M  ":=@0 $               @ %X'0  9#DT,S<T,F1E>#,Q+FAT;5!+ 0(4
M Q0    ( &Z >5H.^<99S@H  )XD   0              "  <FS  !D.30S
M-S0R9&5X-3$N:'1M4$L! A0#%     @ ;H!Y6I$J* V-#P  3Q   !D
M         ( !Q;X  &<Y-#,W-#)G,#,R-3 U-38S,C<P,RYJ<&=02P$"% ,4
M    " !N@'E:0%)[4.P#  !N#P  $0              @ &)S@  <W1R:RTR
M,#(U,#,R-2YX<V102P$"% ,4    " !N@'E:O\4.+>0%  #8-0  %0
M        @ &DT@  <W1R:RTR,#(U,#,R-5]D968N>&UL4$L! A0#%     @
M;H!Y6@HK=&KL!P  %%D  !4              ( !N]@  '-T<FLM,C R-3 S
M,C5?;&%B+GAM;%!+ 0(4 Q0    ( &Z >5IGBLHPFP4  *(Y   5
M      "  =K@  !S=')K+3(P,C4P,S(U7W!R92YX;6Q02P4&      @ "  '
) @  J.8

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>21
<FILENAME>d943742d8k_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2024"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:us-gaap="http://fasb.org/us-gaap/2024"
  xmlns:xbrldi="http://xbrl.org/2006/xbrldi"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="strk-20250325.xsd" xlink:type="simple"/>
    <context id="duration_2025-03-25_to_2025-03-25">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001050446</identifier>
        </entity>
        <period>
            <startDate>2025-03-25</startDate>
            <endDate>2025-03-25</endDate>
        </period>
    </context>
    <context id="duration_2025-03-25_to_2025-03-25_us-gaap-StatementClassOfStockAxis_us-gaap-CommonStockMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001050446</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-03-25</startDate>
            <endDate>2025-03-25</endDate>
        </period>
    </context>
    <context id="duration_2025-03-25_to_2025-03-25_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesAPreferredStockMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001050446</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:SeriesAPreferredStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2025-03-25</startDate>
            <endDate>2025-03-25</endDate>
        </period>
    </context>
    <dei:EntityRegistrantName
      contextRef="duration_2025-03-25_to_2025-03-25"
      id="Hidden_dei_EntityRegistrantName">MICROSTRATEGY Inc</dei:EntityRegistrantName>
    <dei:AmendmentFlag contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-329">false</dei:AmendmentFlag>
    <dei:EntityCentralIndexKey
      contextRef="duration_2025-03-25_to_2025-03-25"
      id="Hidden_dei_EntityCentralIndexKey">0001050446</dei:EntityCentralIndexKey>
    <dei:CurrentFiscalYearEndDate
      contextRef="duration_2025-03-25_to_2025-03-25"
      id="Hidden_dei_CurrentFiscalYearEndDate_duration_2025-03-25_to_2025-03-25">--12-31</dei:CurrentFiscalYearEndDate>
    <dei:DocumentType contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-357">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-358">2025-03-25</dei:DocumentPeriodEndDate>
    <dei:EntityIncorporationStateCountryCode contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-359">DE</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-360">001-42509</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-361">51-0323571</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1 contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-362">1850 Towers Crescent Plaza</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-363">Tysons Corner</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-364">VA</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-365">22182</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-366">(703)</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-367">848-8600</dei:LocalPhoneNumber>
    <dei:WrittenCommunications contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-368">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-369">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-370">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-371">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle
      contextRef="duration_2025-03-25_to_2025-03-25_us-gaap-StatementClassOfStockAxis_us-gaap-CommonStockMember"
      id="ixv-372">Class&#160;A Common Stock, $0.001 par value per share</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="duration_2025-03-25_to_2025-03-25_us-gaap-StatementClassOfStockAxis_us-gaap-CommonStockMember"
      id="ixv-373">MSTR</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="duration_2025-03-25_to_2025-03-25_us-gaap-StatementClassOfStockAxis_us-gaap-CommonStockMember"
      id="ixv-374">NASDAQ</dei:SecurityExchangeName>
    <dei:Security12bTitle
      contextRef="duration_2025-03-25_to_2025-03-25_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesAPreferredStockMember"
      id="ixv-375">8.00% Series A Perpetual Strike Preferred Stock, $0.001 par value per share</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="duration_2025-03-25_to_2025-03-25_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesAPreferredStockMember"
      id="ixv-376">STRK</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="duration_2025-03-25_to_2025-03-25_us-gaap-StatementClassOfStockAxis_us-gaap-SeriesAPreferredStockMember"
      id="ixv-377">NASDAQ</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany contextRef="duration_2025-03-25_to_2025-03-25" id="ixv-378">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
