Strategy buys 1,036 Bitcoin, holdings reach 850,364 BTC

The notable detail is the pairing: a modest Bitcoin purchase alongside a much larger preferred-share buyback, suggesting capital allocation is being split between accumulation and shoring up the preferred stack. For a holder of this size, the marginal BTC add matters less than the balance-sheet management around it, since STRC repurchases affect the cost and structure of the funding that underwrites the position. Whether the preferred buyback pace continues relative to spot purchases is the open question worth watching.