Strategy (MSTR) EGM 2025 summary

Opening remarks and agenda

• Executive Chairman welcomed stockholders, introduced new board members, and outlined the company's focus as a Bitcoin Treasury company.

• Attendees included independent board members, executive management, outside counsel, and the Inspector of Election.

Specific resolutions to be voted on

• Proposal 1: Increase authorized Class A Common Stock from 330 million to 10.33 billion shares.

• Proposal 2: Increase authorized Preferred Stock from 5 million to 1.005 billion shares.

• Proposal 3: Amend 2023 Equity Incentive Plan for automatic equity awards to new directors.

• Proposal 4: Adjourn meeting if more proxies needed for proposals 1-3.

Board and executive committee updates

• Three new directors with expertise in digital assets and capital markets joined the board.

• No immediate plans to further expand the board; composition will be evaluated as needed.