Strategy Plans To Be Regular And Disciplined Buyer Of Its Perpetual Stretch Preferred Stock Trading As 'STRC' When It's Under $100 Per Share; Won't Issue New STRC Shares Below $100 Per Share

While STRC trades below its $100 per share stated amount, Strategy intends to be a regular and disciplined purchaser of STRC, subject to market conditions, applicable law, available liquidity, and the Company’s capital-allocation priorities. Strategy expects the pace of repurchases generally to be greater at deeper discounts and to taper as STRC approaches a trading price of $100 per share.

Strategy’s long-term objective is for STRC to trade consistently near $100 per share with high liquidity, low volatility, and healthy, sustainable independent demand. Strategy’s current policy is not to issue STRC below $100 per share, and management will recommend to the board of directors that the Company maintain STRC’s 12.00% annualized dividend rate until STRC has demonstrated sustained, healthy trading near $100 per share.