STRC Note

The STRC Note is not available in the following jurisdictions:

EU: Germany, Luxembourg

Non-EU: Afghanistan, Albania, Algeria, American Samoa, Angola, Anguilla, Antigua and Barbuda, Bangladesh, Barbados, Belarus, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Brunei, Burkina Faso, Burundi, Cambodia, Cameroon, Cape Verde, Central African Republic, Chad, China, Comoros, Cuba, Democratic Republic of the Congo, Djibouti, East Timor, Ecuador, Equatorial Guinea, Eritrea, Ethiopia, Fiji, Gabon, Ghana, Gibraltar, Guam, Guinea-Bissau, Guinea, Guyana, Haiti, Iran, Iraq, Ivory Coast, Jamaica, Jordan, Kenya, Kiribati, Kosovo, Kyrgyzstan, Laos, Lebanon, Liberia, Libya, Macao, Madagascar, Maldives, Mali, Marshall Islands, Mauritania, Micronesia, Mongolia, Morocco, Mozambique, Myanmar, Namibia, Nepal, Nicaragua, Niger, Nigeria, Niue, North Korea, Northern Mariana Islands, Oman, Pakistan, Palau, Palestinian Territory, Panama, Papua New Guinea, Philippines, Republic of the Congo, Russia, Rwanda, Saint Lucia, Samoa, Sao Tome and Principe, Senegal, Serbia, Seychelles, Sierra Leone, Solomon Islands, Somalia, South Sudan, Sri Lanka, Sudan, Suriname, Swaziland, Syria, Tajikistan, Tanzania, Thailand, Togo, Tonga, Trinidad and Tobago, Turkey, Turkmenistan, Tuvalu, U.S. Virgin Islands, Uganda, Ukraine, United States Minor Outlying Islands, Uzbekistan, Vanuatu, Vatican, Venezuela, Vietnam, Western Sahara, Yemen, Zambia, Zimbabwe

All Notes, irrespective of the Series in which they are issued, are linked to assets of the same nature and bear all the same or similar risks.

Investing in the Notes involves a high degree of risk and may result in the loss of your entire investment. Investors should review closely the investment objectives and familiarize themselves with the inherent investment risks.

• Secondary market: STRC Notes will have no established trading market when issued and none may ever develop. If a market does develop, it may not be liquid. Investors may not be able to sell their Notes easily or at prices that provide them with a yield comparable to similar investments.
• No repayment obligation: Subject to the redemption provisions, the Notes do not carry a repayment obligation. The only way to realize an investment may be to sell the Notes to another whitelisted investor.
• Underlying price risk: The Notes track the market price of STRC. STRC's price is influenced by Strategy Inc.'s management of the instrument (dividend resets, ATM issuance, redemptions) and broader market conditions.

Investing in Notes is not the same as making an investment or holding the Underlying of the Notes. The return from holding Notes may not be the same as the return from buying or holding the Underlying.

The value per Note will vary directly with the Reference Value of the Underlying. There is no guarantee that the Underlying will earn a return. Investment in the Issuer carries a high degree of risk which may result in investors losing all their invested capital. In addition, past performance does not guarantee future results.

STRC Notes do not pay cash interest. Distributions are in kind, as Additional STRC Notes, and are conditional on Strategy Inc. paying a cash dividend on STRC for the relevant Dividend Period.

Investors holding STRC Notes on the Record Date are entitled to the distribution; the actual issuance follows on the STRC Note Distribution Date, after Strategy's Payment Date and the Issuer's reinvestment in Additional STRC.

Distributions are currently treated as Return of Capital for US tax purposes (no US withholding tax). The classification is determined annually by Strategy Inc. and may change.

You can do peer-to-peer trade of STRCst on SideSwap. Both the sender and the receiver must be whitelisted with STOKR.

To apply for STRCst whitelisting, express your interest via the STRC Note information page. Following a review of your details, STOKR may grant or deny whitelist access for STRCst.

The lowest denomination of the STRC Notes that can be transferred is 0.0001 STRCst.

We ask for the Tax ID since this offering falls under specific reporting requirements. For example the Common Reporting Standard requires investors to provide more information on their tax status.

Your tax information will be disclosed to the Luxembourg tax authorities annually for tax compliance purposes required by the Common Reporting Standard implementation.