Strategy buys 950 bitcoin for $76 million, holdings reach 846,000 BTC

The headline number is small; the signal is structural. A purchase this size barely moves Strategy's average cost basis, yet it keeps the company's position at roughly 4% of the fixed supply cap — a concentration with no real corporate precedent, and one that makes the equity an increasingly leveraged proxy for bitcoin itself. The open question is whether this accumulation cadence continues through weaker markets, and how much of the company's financing capacity depends on that willingness.