Strategy does classified work and must submit to rules set by an agency under the Department of Defense - the Defense Counterintelligence & Security Agency. Strategy’s affiliate Microstrategy Government Services (MGS) is governed by a Security Agreement whereby Strategy surrenders governance and operational control of MGS to an outside board. Revenues of MGS flow up to the parent company, but MSTR’s financial statements provide no breakdown of government clients and their revenues, and classified contracts are handled by the proxy board. So who really runs MGS? The answer is Defense veterans.