    <SEC-DOCUMENT>0001193125-25-262811-index.html : 20251103
    <SEC-HEADER>0001193125-25-262811.hdr.sgml : 20251103
    <ACCEPTANCE-DATETIME>20251103171952
    ACCESSION NUMBER:		0001193125-25-262811
    CONFORMED SUBMISSION TYPE:	FWP
    PUBLIC DOCUMENT COUNT:		42
    FILED AS OF DATE:		20251103
    DATE AS OF CHANGE:		20251103

    SUBJECT COMPANY:

    	COMPANY DATA:
    		COMPANY CONFORMED NAME:			Strategy 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:		FWP
    		SEC ACT:		1934 Act
    		SEC FILE NUMBER:	333-284510
    		FILM NUMBER:		251445250

    	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:	20180821

    	FORMER COMPANY:
    		FORMER CONFORMED NAME:	MICROSTRATEGY INC
    		DATE OF NAME CHANGE:	19971126

    FILED BY:

    	COMPANY DATA:
    		COMPANY CONFORMED NAME:			Strategy 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:		FWP

    	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:	20180821

    	FORMER COMPANY:
    		FORMER CONFORMED NAME:	MICROSTRATEGY INC
    		DATE OF NAME CHANGE:	19971126
    </SEC-HEADER>
    <DOCUMENT>
    <TYPE>FWP
    <SEQUENCE>1
    <FILENAME>d70109dfwp.htm
    <DESCRIPTION>FWP
    <TEXT>
    Document 1 - file: d70109dfwp.htm

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>2
    <FILENAME>g70109dsp003.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 2 - file: g70109dsp003.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>3
    <FILENAME>g70109dsp004.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 3 - file: g70109dsp004.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>4
    <FILENAME>g70109dsp005.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 4 - file: g70109dsp005.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>5
    <FILENAME>g70109dsp006.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 5 - file: g70109dsp006.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>6
    <FILENAME>g70109dsp007.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 6 - file: g70109dsp007.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>7
    <FILENAME>g70109dsp008.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 7 - file: g70109dsp008.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>8
    <FILENAME>g70109dsp009.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 8 - file: g70109dsp009.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>9
    <FILENAME>g70109dsp010.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 9 - file: g70109dsp010.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>10
    <FILENAME>g70109dsp011.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 10 - file: g70109dsp011.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>11
    <FILENAME>g70109dsp012.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 11 - file: g70109dsp012.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>12
    <FILENAME>g70109dsp013.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 12 - file: g70109dsp013.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>13
    <FILENAME>g70109dsp014.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 13 - file: g70109dsp014.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>14
    <FILENAME>g70109dsp015.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 14 - file: g70109dsp015.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>15
    <FILENAME>g70109dsp016.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 15 - file: g70109dsp016.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>16
    <FILENAME>g70109dsp017.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 16 - file: g70109dsp017.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>17
    <FILENAME>g70109dsp018.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 17 - file: g70109dsp018.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>18
    <FILENAME>g70109dsp019.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 18 - file: g70109dsp019.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>19
    <FILENAME>g70109dsp020.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 19 - file: g70109dsp020.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>20
    <FILENAME>g70109dsp021.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 20 - file: g70109dsp021.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>21
    <FILENAME>g70109dsp022.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 21 - file: g70109dsp022.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>22
    <FILENAME>g70109dsp023.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 22 - file: g70109dsp023.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>23
    <FILENAME>g70109dsp024.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 23 - file: g70109dsp024.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>24
    <FILENAME>g70109dsp025.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 24 - file: g70109dsp025.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>25
    <FILENAME>g70109dsp026.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 25 - file: g70109dsp026.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>26
    <FILENAME>g70109dsp031.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 26 - file: g70109dsp031.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>27
    <FILENAME>g70109dsp032.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 27 - file: g70109dsp032.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>28
    <FILENAME>g70109dsp033.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 28 - file: g70109dsp033.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>29
    <FILENAME>g70109dsp034.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 29 - file: g70109dsp034.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>30
    <FILENAME>g70109dsp035.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 30 - file: g70109dsp035.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>31
    <FILENAME>g70109dsp036.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 31 - file: g70109dsp036.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>32
    <FILENAME>g70109dsp037.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 32 - file: g70109dsp037.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>33
    <FILENAME>g70109dsp038.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 33 - file: g70109dsp038.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>34
    <FILENAME>g70109dsp039.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 34 - file: g70109dsp039.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>35
    <FILENAME>g70109dsp040.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 35 - file: g70109dsp040.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>36
    <FILENAME>g70109dsp041.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 36 - file: g70109dsp041.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>37
    <FILENAME>g70109dsp042.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 37 - file: g70109dsp042.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>38
    <FILENAME>g70109g1103130058791.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 38 - file: g70109g1103130058791.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>39
    <FILENAME>g70109page001.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 39 - file: g70109page001.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>40
    <FILENAME>g70109page002.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 40 - file: g70109page002.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>41
    <FILENAME>g70109page003.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 41 - file: g70109page003.jpg

    </DOCUMENT>
    <DOCUMENT>
    <TYPE>GRAPHIC
    <SEQUENCE>42
    <FILENAME>g70109page004.jpg
    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 42 - file: g70109page004.jpg

    </DOCUMENT>
    </SEC-DOCUMENT>