TB Alternative Assets Ltd. Takes $40.60 Million Position in Strategy Inc $MSTR

TB Alternative Assets Ltd. acquired a new position in shares of Strategy Inc (NASDAQ:MSTR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 126,000 shares of the software maker’s stock, valued at approximately $40,598,000. Strategy makes up 6.1% of TB Alternative Assets Ltd.’s holdings, making the stock its 5th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Binnacle Investments Inc increased its stake in shares of Strategy by 492.9% in the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock worth $34,000 after acquiring an additional 69 shares during the last quarter. MCF Advisors LLC acquired a new position in shares of Strategy during the 2nd quarter valued at about $35,000. Maseco LLP purchased a new stake in shares of Strategy in the second quarter valued at about $36,000. AllSquare Wealth Management LLC increased its position in Strategy by 100.0% during the second quarter. AllSquare Wealth Management LLC now owns 100 shares of the software maker’s stock worth $40,000 after purchasing an additional 50 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its position in Strategy by 25.8% during the second quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker’s stock worth $47,000 after purchasing an additional 24 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Analysts Set New Price Targets

MSTR has been the topic of several recent analyst reports. Sanford C. Bernstein set a $450.00 target price on shares of Strategy and gave the company an “outperform” rating in a report on Monday, December 8th. China Renaissance assumed coverage on Strategy in a report on Wednesday, October 15th. They issued a “buy” rating and a $473.00 price objective on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Strategy in a research report on Monday, December 15th. Citigroup cut their target price on Strategy from $485.00 to $325.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Finally, TD Cowen reduced their target price on Strategy from $620.00 to $535.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $465.13.

Strategy News Summary

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: CEO bullish on 2026 — Strategy’s CEO says he’s “excited for 2026” despite the Bitcoin downturn, reiterating long‑term conviction in the company’s strategy and use of Bitcoin as a corporate asset; that message can support sentiment if management outlines concrete catalysts or buyback/treasury plans. Strategy (MSTR) CEO Says He’s Excited for 2026 Despite Bitcoin Market Downturn – Here’s Why
• Positive Sentiment: Ongoing institutional crypto interest — a $250M close by HashKey Capital and broader fundraising in the crypto space signal continued institutional capital flowing into crypto strategies, a background tailwind for MSTR’s Bitcoin‑linked thesis. Hashkey Capital Closes $250 Million Fund IV to Boost Global Blockchain
• Neutral Sentiment: Market commentary and outlook pieces add noise — several analyst/market‑strategy articles discuss MSTR’s risk/reward and whether the stock faces another crash or recovery; these are largely speculative but increase volatility as traders parse scenarios. What’s Ahead for MSTR Stock Price, Another Crash Or A Recovery?
• Neutral Sentiment: Macro/market instruments referenced (e.g., inverse S&P product) and unrelated industry antitrust news add broader market context but don’t directly move MSTR on their own. SPXS: A -3x Inverse Leveraged Strategy On The S&P 500
• Negative Sentiment: Company pivot — social and market commentary report Strategy has paused aggressive Bitcoin purchases and is building a cash reserve via stock sales (including large insider dispositions). That shift undermines the pure‑play Bitcoin accumulation narrative and raises dilution/strategy risk for holders. MicroStrategy Stock (MSTR) Opinions on Bitcoin Strategy Pause
• Negative Sentiment: Analyst downgrade and price action pressure — a report noting an analyst downgrade (and a headline of trading down ~3.9%) is cited as an immediate catalyst depressing the share price; combined with heavy insider selling noted in filings, near‑term sentiment is negative. Strategy (NASDAQ:MSTR) Trading Down 3.9% on Analyst Downgrade

Insider Activity

In other Strategy news, Director Jane A. Dietze acquired 1,100 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average price of $95.28 per share, for a total transaction of $104,808.00. Following the completion of the acquisition, the director owned 2,600 shares of the company’s stock, valued at approximately $247,728. This trade represents a 73.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jarrod M. Patten bought 12,000 shares of the business’s stock in a transaction that occurred on Friday, October 17th. The shares were acquired at an average cost of $96.88 per share, for a total transaction of $1,162,560.00. Following the completion of the purchase, the director owned 29,335 shares in the company, valued at $2,841,974.80. This trade represents a 69.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 24,880 shares of company stock valued at $2,421,219 and sold 43,177 shares valued at $13,564,266. Insiders own 8.46% of the company’s stock.

Strategy Trading Up 0.1%

Shares of NASDAQ MSTR opened at $158.81 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $45.63 billion, a PE ratio of 7.39 and a beta of 3.40. Strategy Inc has a twelve month low of $154.12 and a twelve month high of $457.22. The stock has a fifty day simple moving average of $208.68 and a 200-day simple moving average of $310.60.

Strategy (NASDAQ:MSTR) last announced its earnings results on Thursday, October 30th. The software maker reported $8.42 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $8.52. The company had revenue of $128.69 million during the quarter, compared to analysts’ expectations of $116.65 million. Strategy had a return on equity of 20.98% and a net margin of 1,667.09%.Strategy’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the business posted ($1.56) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Strategy Company Profile

Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.