Exhibit 3.1

CERTIFICATE OF INCREASE

OF

VARIABLE RATE SERIES A PERPETUAL STRETCH PREFERRED STOCK

OF

MICROSTRATEGY INCORPORATED

July 31, 2025

(Pursuant to Section 151 of the General Corporation Law of the State of Delaware)

MicroStrategy Incorporated, a corporation organized and existing under the General Corporation Law of the State of Delaware (the “Company”), does hereby certify that, pursuant to the authority conferred upon the Board of Directors of the Company by the Second Restated Certificate of Incorporation of the Company, as amended, and Section 151(g) of the Delaware General Corporation Law, the Board of Directors of the Company has adopted a resolution authorizing and directing the increase in the number of authorized shares designated as Variable Rate Series A Perpetual Stretch Preferred Stock of the Company to 70,435,353 shares.

* * *

IN WITNESS WHEREOF, the Company has caused this Certificate of Increase to be executed by its duly authorized officer on the date first written above.

 

 

 

[Certificate of Increase (Variable Rate Series A Perpetual Stretch Preferred Stock)]