da-kuk/E+ via Getty Images Investment Thesis BitGo Holdings ( BTGO ) may appear messy at first glance, however, a deeper look unveils a company with sound operations. Shares have fallen significantly from all-time highs of $24.50 down to ~$9, a 63% drop. Q1 topline results also indicated a widening net loss and sequentially lower revenues, which may help explain the current share price. In my view...
da-kuk/E+ via Getty Images Investment Thesis BitGo Holdings ( BTGO ) may appear messy at first glance, however, a deeper look unveils a company with sound operations. Shares have fallen significantly from all-time highs of $24.50 down to ~$9, a 63% drop. Q1 topline results also indicated a widening net loss and sequentially lower revenues, which may help explain the current share price. In my view, this selloff has been extreme. The headline figures ultimately hide two positive trends: a rapidly growing stablecoin business and a developing institutional custody platform. Although the company is currently burning cash and faces crypto volatility, investors appear to be pricing in potential failure of the underlying business model. I see this as unlikely with positive underlying characteristics, which is why I am rating BitGo a buy with a 12-month target price of $13.31. BitGo's business After its IPO in January 2026, BitGo stock saw a 25% increase shortly after, but this turned out to be temporary, with the stock falling sharply in the following months. The company provides digital asset custody services to over 5,500 institutional clients, including exchanges, asset management firms, hedge fund groups, and corporate entities that are located in over 100 different countries. This includes custody coverage for 186 of the top 250 digital assets globally by market cap. Although BitGo's primary service remains regulated cold storage custody, the firm has also expanded into staking, trading, financing, and Stablecoin-as-a-Service. At the end of Q1, Assets on Platform (AoP) were valued at $63 billion, representing a decline of 30% YoY from a value of $90.5 billion, something that can largely be attributed to crypto price fluctuations. On a price-normalized basis, which adjusts prior-period balances using current-quarter average digital asset prices, Assets on Platform increased ~29% YoY. As far as client growth goes, there were 42% more institutional clients using BitGo’s ...
Cannes film festival: The Palme laureate here makes a misstep with an odd, disquieting film that leaves too many issues unresolved Romanian director and Palme laureate Cristian Mungiu – the winner here in 2007 with his stunning 4 Months, 3 Weeks and 2 Days – comes to Cannes with an anticlimactic, underpowered movie which it seems to me could be part of an odd phenomenon at this year’s festival, de...
Cannes film festival: The Palme laureate here makes a misstep with an odd, disquieting film that leaves too many issues unresolved Romanian director and Palme laureate Cristian Mungiu – the winner here in 2007 with his stunning 4 Months, 3 Weeks and 2 Days – comes to Cannes with an anticlimactic, underpowered movie which it seems to me could be part of an odd phenomenon at this year’s festival, detectable also in films here by Kantemir Balagov and Ryusuke Hamaguchi: auteurs making coproduction movies outside their home turf and mother tongue with big foreign stars, perhaps as a result of creative conversations at international film festivals with admirers from all over the world – and losing focus. Fjord is an odd film, bearing Mungiu’s signature, certainly, with enigmatic long shots and avoidance of closeups, and one very distinctive crowding of faces in a dinner-scene tableau. But the ostensible pain and trauma of its story is conveyed without the rewarding complexity that we have come to associate with him, and without revelation or mystery. Ultimately, the film does not compellingly deliver a blazing truth about its various relationships – but neither does it intriguingly withhold any such truth from us. Sebastian Stan plays a Romanian guy called Mihai, married to a Norwegian woman called Lisbet (Renate Reinsve); they have to come to live in the beautiful, remote village of Lisbet’s birth because Mihai, a qualified software engineer, can get an IT job and there is a strong church community thereabouts which is a great attraction as Mihai and Lisbet are fundamentalist conservative Christians who are very strict. They are given a warm welcome by their (non-Christian) neighbours, who are the school’s headteacher and his wife. The film begins on a disquieting, ambiguous moment: Mihai has clearly just delivered a punishment of some sort to their teenage daughter who is now required to give him a penitent hug. The school’s staff notice that the children have marks and...
Many gadgets marketed as being “smart” make me wonder if they would be better off dumb. Some examples are smart TVs that insist on sending your activities to businesses to track you , smart fridges that use the Internet to cycle through ads , smart gym equipment that won’t work offline , smart toothbrushes whose batteries drain too quickly , or virtually any gadget that forces you to use a minimal...
Many gadgets marketed as being “smart” make me wonder if they would be better off dumb. Some examples are smart TVs that insist on sending your activities to businesses to track you , smart fridges that use the Internet to cycle through ads , smart gym equipment that won’t work offline , smart toothbrushes whose batteries drain too quickly , or virtually any gadget that forces you to use a minimally effective or otherwise unimpressive app. Too often, modern technologies, like inter-device connectivity and artificial intelligence, are shoehorned into gadgets that would be more intuitive to use, affordable, accessible, and/or durable without them. Read full article Comments
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in NextEra Energy Inc (Symbol: NEE), where a total volume of 41,783 contracts has been traded thus far today, a contract volume which is representative of approximat
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in NextEra Energy Inc (Symbol: NEE), where a total volume of 41,783 contracts has been traded thus far today, a contract volume which is representative of approximat
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Deckers Outdoor Corp. (Symbol: DECK), where a total volume of 10,567 contracts has been traded thus far today, a contract volume which is representative of approx
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Deckers Outdoor Corp. (Symbol: DECK), where a total volume of 10,567 contracts has been traded thus far today, a contract volume which is representative of approx
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in CrowdStrike Holdings Inc (Symbol: CRWD), where a total volume of 23,364 contracts has been traded thus far today, a contract volume which is representative of app
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in CrowdStrike Holdings Inc (Symbol: CRWD), where a total volume of 23,364 contracts has been traded thus far today, a contract volume which is representative of app
XPeng's new robotaxi offers an indirect validation of Tesla's approach to developing self-driving cars. On Monday, XPeng stock fell around 4% and Tesla dropped about 3%.
XPeng's new robotaxi offers an indirect validation of Tesla's approach to developing self-driving cars. On Monday, XPeng stock fell around 4% and Tesla dropped about 3%.
BeyondImages/iStock via Getty Images Glencore ( GLCNF ) ( GLNCY ) said Monday it does not currently expect any immediate impact on production from a ruling by the Chilean Second Environmental Tribunal related to its Collahuasi copper mine. The company said the ruling is limited to two issues related to the assessment of effects on a local community and on the marine environment. The Friday ruling ...
BeyondImages/iStock via Getty Images Glencore ( GLCNF ) ( GLNCY ) said Monday it does not currently expect any immediate impact on production from a ruling by the Chilean Second Environmental Tribunal related to its Collahuasi copper mine. The company said the ruling is limited to two issues related to the assessment of effects on a local community and on the marine environment. The Friday ruling seeks to overturn environmental approval granted in 2021 for Collahuasi's pending infrastructure development and production capacity expansion project, which includes a water desalination plant that is nearly complete. "Collahuasi has confirmed that the environmental permitting process for the project was carried out in accordance with local regulations and under the relevant environmental framework," Glencore ( GLCNF ) ( GLNCY ) said. Glencore ( GLCNF ) ( GLNCY ) and Anglo American ( AAUKF ) ( NGLOY ) each hold a 44% equal stake in the Compañía Minera Doña Inés de Collahuasi , one of the world's largest copper mines, with the remaining 12% held by a Japanese consortium led by Mitsui ( MITSY ) ( MITSF ). More on Glencore Glencore: Attractive Mining/Metals At The Right Price (But Not Now) Glencore Q4 2025 Earnings Call Transcript Glencore Q4 2025 Earnings Call Presentation
On May 15, 2026, Octagon Capital Advisors disclosed a new stake in Xenon Pharmaceuticals (NASDAQ:XENE) , acquiring 490,000 shares in a transaction estimated at $22.58 million based on quarterly average pricing. According to a filing with the Securities and Exchange Commission on May 15, 2026, Octagon Capital Advisors initiated a new position in Xenon Pharmaceuticals, buying 490,000 shares during t...
On May 15, 2026, Octagon Capital Advisors disclosed a new stake in Xenon Pharmaceuticals (NASDAQ:XENE) , acquiring 490,000 shares in a transaction estimated at $22.58 million based on quarterly average pricing. According to a filing with the Securities and Exchange Commission on May 15, 2026, Octagon Capital Advisors initiated a new position in Xenon Pharmaceuticals, buying 490,000 shares during the first quarter. The estimated transaction value was $22.58 million, based on the average closing price for the period. The stake ended the quarter valued at $28.49 million, reflecting price appreciation during the holding period. Xenon Pharmaceuticals is a clinical-stage biopharmaceutical company specializing in the development of novel therapies for neurological disorders. With a robust pipeline and strategic partnerships, the company is positioned to address significant unmet medical needs in epilepsy and related conditions. Xenon's competitive advantage lies in its expertise in ion channel modulation and its ability to progress multiple candidates through advanced clinical trials. Continue reading
I’m putting a fresh stake in the ground on Alibaba (NYSE:BABA) after a messy but strategically important quarter. Alibaba is sacrificing near-term profitability to scale its AI and cloud franchise, and the market is still digesting what that trade-off means. My read: the setup is constructive, even if the headline numbers look ugly. Our 24/7 Wall ... Prediction: Alibaba Stock May Be Entering a New...
I’m putting a fresh stake in the ground on Alibaba (NYSE:BABA) after a messy but strategically important quarter. Alibaba is sacrificing near-term profitability to scale its AI and cloud franchise, and the market is still digesting what that trade-off means. My read: the setup is constructive, even if the headline numbers look ugly. Our 24/7 Wall ... Prediction: Alibaba Stock May Be Entering a New Era
Tehran is said to have made or reiterated some concessions but source in mediator Pakistan appears pessimistic Middle East crisis – live updates Iran has made a new proposal for a deal to definitively end the war in the Middle East, officials in the region said on Monday, though there was no sign of any immediate breakthrough in the stalled peace negotiations. A ceasefire has paused most violence ...
Tehran is said to have made or reiterated some concessions but source in mediator Pakistan appears pessimistic Middle East crisis – live updates Iran has made a new proposal for a deal to definitively end the war in the Middle East, officials in the region said on Monday, though there was no sign of any immediate breakthrough in the stalled peace negotiations. A ceasefire has paused most violence after six weeks of US-Israeli airstrikes and Iranian retaliation, but there has been little progress since Donald Trump said the ceasefire was “on life support” , and reports in Israeli media suggest a resumption of hostilities is imminent. Continue reading...
Third Point, the hedge fund led by billionaire investor Dan Loeb, disclosed its Q1 2026 holdings in a 13F filing submitted on May 15, with the portfolio valued at nearly $2.08B as of March 31, 2026. According to the latest filing, the New York-based hedge fund held 33 positions at the end of the quarter. Amazon ( AMZN ) remained Third Point’s largest holding with 1.94M shares valued at approximate...
Third Point, the hedge fund led by billionaire investor Dan Loeb, disclosed its Q1 2026 holdings in a 13F filing submitted on May 15, with the portfolio valued at nearly $2.08B as of March 31, 2026. According to the latest filing, the New York-based hedge fund held 33 positions at the end of the quarter. Amazon ( AMZN ) remained Third Point’s largest holding with 1.94M shares valued at approximately $404M. The position accounted for 19% of the total portfolio. Telephone and Data Systems ( TDS ) was the second-largest position, representing 13% of the portfolio with 6.6M shares worth nearly $278M, while CRH ( CRH ) accounted for 9.6% with a market value close to $200M. The hedge fund also held sizable positions in Somnigroup International ( SGI ) worth about $168M, Carpenter Technology ( CRS ) at $122M, and MasTec ( MTZ ) valued at roughly $103M. The fund also maintained smaller positions in Taiwan Semiconductor ( TSM ) with 275K shares, Meta Platforms ( META ) with 90K shares, and Alphabet ( GOOGL ) with 175K shares. The filing also showed new allocations toward gold and crypto-related exposure through SPDR Gold Shares ( GLD ) and Hut 8 Corp. ( HUT ). These holdings together signal increased exposure toward commodities, semiconductors, and digital asset-linked investments. According to Stockcircle data , Dan Loeb’s Third Point portfolio delivered a 12.39% return over the past year, underperforming the S&P 500’s ( SP500 ) 25.12% return during the same period. As of March 31, 2026, Third Point’s portfolio remained concentrated across industrial, technology, transportation, and consumer-focused companies. Here’s a closer look at some of its largest holdings alongside their Seeking Alpha Quant Ratings: Amazon ( AMZN ) – Quant rating: 3.49 – Hold Telephone and Data Systems ( TDS ) – Quant rating: 3.26 – Hold CRH ( CRH ) – Quant rating: 2.81 – Hold Somnigroup International ( SGI ) – Quant rating: 1.40 – Strong Sell Carpenter Technology ( CRS ) – Quant rating: 3.34 – Hold ...
Benito Juncal/iStock Editorial via Getty Images The European Commission confirmed that it is in talks with the U.S. to join the Pax Silica alliance, an initiative aimed at securing supply chains for AI and semiconductors amid rising competition with China. "The Commission has been in discussions with the US to explore EU participation in this initiative; these discussions are still ongoing," said ...
Benito Juncal/iStock Editorial via Getty Images The European Commission confirmed that it is in talks with the U.S. to join the Pax Silica alliance, an initiative aimed at securing supply chains for AI and semiconductors amid rising competition with China. "The Commission has been in discussions with the US to explore EU participation in this initiative; these discussions are still ongoing," said a Commission spokesperson in an email to Seeking Alpha on Monday. "We hope the EU will be able to join soon." Last week it was reported that the EU was working to join the U.S.-led initiative. In December 2025, the initiative called Pax Silica was launched to secure and diversify supply chains for semiconductors, AI, and critical minerals. Signatories to the initiative include Australia, Finland, Greece, India, Israel, Japan, Norway, Qatar, the Republic of Korea, Singapore, Sweden, The Philippines, the United Arab Emirates, and the U.K. Taiwan is a non-signatory participant. More on tech stocks STMicroelectronics N.V. (STM) Shareholder/Analyst Call - Slideshow STMicroelectronics N.V. (STM) Shareholder/Analyst Call Transcript ASML: The Question Is Whether Its Monopoly Can Outrun Its Premium Valuation ASML in pact with India’s Tata for $11B semiconductor manufacturing site Coatue adds ASML, exits Chagee, boosts NuBank stake, among Q1 trades
In this video, I will cover the biggest market stories of last week, including ARM (NASDAQ: ARM) and Shift4 earnings reactions, SpaceX's major investment in Terafab, and Anthropic's massive compute deal at Colosus 1. Watch the short video to learn more, consider subscribing, and
In this video, I will cover the biggest market stories of last week, including ARM (NASDAQ: ARM) and Shift4 earnings reactions, SpaceX's major investment in Terafab, and Anthropic's massive compute deal at Colosus 1. Watch the short video to learn more, consider subscribing, and
Gambling Commission set to rubber-stamp new regulations which could inflict irreparable damage on the racing industry James Noyes, one of the initial proponents of affordability checks for gamblers, has issued an urgent call for a pause in their implementation. Stuart Andrew MP, the gambling minister in the last government and also a former supporter of checks, agrees with him. The British Horsera...
Gambling Commission set to rubber-stamp new regulations which could inflict irreparable damage on the racing industry James Noyes, one of the initial proponents of affordability checks for gamblers, has issued an urgent call for a pause in their implementation. Stuart Andrew MP, the gambling minister in the last government and also a former supporter of checks, agrees with him. The British Horseracing Authority has suggested that implementation could cost the industry £250m annually in revenue as punters refuse to supply personal financial information to gambling operators and shift to the unregulated black market instead. And yet, at a board meeting scheduled for Thursday, the Gambling Commission is expected to ignore the rising tide of concern and rubber-stamp the formal introduction financial risk assessments, as the Commission calls them. Tens of thousands, and conceivably hundreds of thousands, of punters with licensed UK firms could soon be required to provide documentation on salary or assets before they can continue to gamble, despite initial promises – from Andrew, among others – that the process would be “frictionless” for all but a minority. Continue reading...