Is Strategy a Buy After Hedge Fund TB Alternative Assets Initiated a Position in the Stock?

Core Insights - TB Alternative Assets Ltd. disclosed a new position in Strategy, acquiring 126,000 shares valued at $40.6 million as of September 30, 2025 [2][3] - This investment represents 6.1% of TB Alternative Assets' reportable U.S. equity AUM [3] - Strategy's stock price increased by 34.3% over the past year, outperforming the S&P 500 by 32.8 percentage points [3] Company Overview - Strategy reported a revenue of $462.32 million and a net income of $4.73 billion for the trailing twelve months (TTM) [4] - The stock price was $283.84 as of October 16, 2025, reflecting a one-year price change of 34.3% [4] Business Model - Strategy provides enterprise analytics solutions, enabling organizations to derive insights from large-scale data [5] - The company generates revenue primarily through software licensing, support services, consulting, and education offerings for enterprise clients [6] Investment Context - TB Alternative Assets' investment in Strategy is significant as it represents an initial position and places Strategy among its top five holdings [7] - Strategy has transitioned from a data analytics software platform to a major player in cryptocurrency, being the first publicly-traded company to buy Bitcoin as part of its capital allocation strategy [8] - As of July 29, 2025, Strategy holds 3% of all Bitcoin in existence, with total assets reaching $64.8 billion, predominantly in digital assets [9] Market Position - The stock is currently down from its 52-week high of $543, suggesting a potential buying opportunity for investors seeking exposure to Bitcoin [10]