Latest news with #Thielen
Business Insider
27-05-2025
- Business
- Business Insider
Strategy (MSTR) Buys More Bitcoin, But the Stock Is Lagging the Crypto
Strategy (MSTR), the largest public company with Bitcoin holdings, announced that it sold 847,000 shares between May 19 and May 25 in order to raise $348.7 million through its ongoing stock offering. The company then used the funds to buy 4,020 more Bitcoins to bring its total holdings to 580,250 BTC. It is worth noting that Strategy has been steadily buying Bitcoin since 2020 and has become a popular way for investors to get exposure to Bitcoin without directly owning it. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Interestingly, even though Bitcoin recently hit a new record high above $110,000, Strategy's stock hasn't kept up. While Bitcoin keeps rising, MSTR is still well below its all-time high of $543. As a result, this gap is raising some concerns. Indeed, Markus Thielen from 10x Research recommended a bearish trade on MSTR by buying a $370 put and selling a $300 put (expiring June 27), which will reach its maximum profit if the stock drops to $300 or lower. Thielen said this strategy reflects the growing disconnect between Bitcoin's strength and Strategy's slower stock performance. Thielen believes that this put spread can help hedge against a drop in Bitcoin or Strategy. He also noted that a similar gap between MSTR and Bitcoin happened before Bitcoin's last major top in 2021. While that doesn't mean Bitcoin's rally is over, it does suggest that some big investors are becoming more cautious. Thielen said, 'Bitcoin is breaking records, but Strategy is stalling—and that divergence matters,' adding that this could be a turning point for investors. Is MSTR a Good Stock to Buy? Turning to Wall Street, analysts have a Strong Buy consensus rating on MSTR stock based on 12 Buys, zero Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average MSTR price target of $524.92 per share implies 42% upside potential.
Yahoo
26-05-2025
- Business
- Yahoo
Bearish Bets on Strategy Look Alluring, Says 10X Research as MSTR Diverges From Bitcoin's Bull Run
10x Research, led by Markus Thielen, likes bearish options bets on Strategy (MSTR) as the Nasdaq-listed bitcoin BTC holder's share price diverges from the upward trending BTC price. In a report sent to clients Friday, Thielen recommended a bear put spread on MSTR, involving a long position in the $370 put option and a short position in the $300 put, both expiring on June 27. This strategy will yield maximum profit if MSTR drops to $300 or lower by June 27, representing a bearish bet on the stock price. Put option insures the buyer against potential price drops in return for a small upfront premium payment. The maximum loss for the put spread buyers if MSTR's price embarks on a new uptrend is limited to the initial cost of the strategy, which was $13.89 on Friday. MSTR, however, fell 7% to $369 on Friday, according to data source TradingView. MicroStrategy holds 576,230 BTC, the largest for any publicly-listed company, having steadily accumulated coins since August 2020 through debt financing. Over the years, it has emerged as a preferred instrument for institutions looking to take exposure to BTC without having to actually own the cryptocurrency. The stock price has recently diverged from the upward-trending BTC price, raising alarm bells on crypto social media. While BTC hit a record high of over $110K last week, MSTR's rise stalled at around $440, falling well short of its lifetime peak of $543 reached in November. "This trade captures the growing disconnect between Bitcoin's strength and MicroStrategy's fading momentum and volatility. Despite Bitcoin reaching all-time highs, MSTR remains significantly below its peak, suggesting investor enthusiasm is waning," Thielen said, explaining the bear put spread. Thielen correctly predicted BTC's recent rise into six figures. Note that a similar divergence between MSTR and bitcoin marked BTC's November 2021 top. Past data does not guarantee future results, and the latest divergence between MSTR and BTC does not necessarily mean that bitcoin's bull run is over. That said, its does suggest waning enthusiasm about BTC among tradfi investors. In addition, the MSTR bear put spread could offer a hedge against a potential weakness in BTC. "Bitcoin is breaking records, but Strategy is stalling—and that divergence matters. Retail is still chasing the dream, unaware that the right-tail upside may be gone. This is where the game changes: when the middleman runs out of premium and the engine stalls," Thielen said. "Buying a Strategy put spread can be profitable, but it is also an effective hedge against a long Bitcoin position," Thielen added.
USA Today
22-05-2025
- Sport
- USA Today
Panthers WR Adam Thielen gives his early impression of Tetairoa McMillan: 'He's that guy'
Panthers WR Adam Thielen gives his early impression of Tetairoa McMillan: 'He's that guy' Carolina Panthers wideout Adam Thielen seems to believe that his team's latest first-round pick has the goods. Thielen recently spoke about fellow receiver and new teammate Tetairoa McMillan, the eighth overall selection of the 2025 NFL draft. And the 34-year-old veteran, per Kassidy Hill of is already liking what he's seeing from the 22-year-old rookie. "He's a big long receiver that has phenomenal body control and can make contested catches and can play a lot of different spots," Thielen said, "which in this league, in my opinion, to be a great receiver in this league, you have to be able to play in the slot, you have to be able to play outside, you have to be able to run a lot of different routes and make contested catches. "So, from the little I've seen, he's that guy. It only benefits everyone else because if he can move around, I can move around, you know, Jalen Coker can move around, Xavier Legette can move around." McMillan saw plenty of volume at the University of Arizona. The 6-foot-4, 219-pounder, between the 2023 and 2024 campaigns, totaled 174 catches for 2,721 yards and 18 touchdowns. Thielen has also been the go-to weapon for his offense over the last two seasons. Since coming to Carolina in 2023, the two-time Pro Bowler has led the Panthers in targets (199), receptions (151), receiving yards (1,629) and receiving touchdowns (nine). But with Thielen entering the final year of his contract, and perhaps the final year of his NFL career, his time as Carolina's No. 1 pass catcher could be coming to an end. And if it is, then at least he may have a worthy successor to pass that torch to. Follow @ThePanthersWire on Twitter/X for more Panthers content.
Yahoo
14-05-2025
- Climate
- Yahoo
Sheriff: Over 40 buildings lost, community 'devastated' by Minnesota wildfires
Three large wildfires remain uncontained in St. Louis County on Tuesday afternoon, with dozens of homes and cabins destroyed and over 20,000 acres burned. The Brimson-area Camp House Fire, which ignited Sunday, now spans roughly 12,000 acres after spreading rapidly to the north and northeast Monday. St. Louis County Sheriff Gordon Ramsay said burned trees are falling over, creating new hazards and blocking roads and driveways. Wooden bridges have also been burned or damaged. Over 40 buildings, including homes and cabins, have been lost in the blaze, which has "devastated" the community along Highway 44, Ramsay said. Local business Hugo's Bar, a cornerstone of the Brimson community, has been able to remain open, owners Jessica and Jesse Willemarck told Bring Me The News on Monday afternoon. The restaurant has been donating tacos to emergency responders from its community food truck, and continuing to serve local residents – some of whom have lost their homes. Minnesota Department of Natural Resources (DNR) Commissioner Sarah Strommen said Minnesota has been experiencing "extreme" fire conditions since May 11, with uncommonly dry fuels, warm temperatures and increasing drought contributing to the fire danger. 'With these conditions, none of the current fires across the state are easily suppressed and they require significant time and resources to extinguish,' Strommen said. Speaking at a press conference Tuesday afternoon, Gov. Tim Walz said Minnesota typically experiences roughly 1,100 wildfires per year. A staggering 970 fires, impacting over 37,000 acres, have already been reported this year. Walz said the developing situation in northeast Minnesota is 'still incredibly dangerous', but rain and cooler temperatures are in the forecast for Thursday. 'But this is going to be an ongoing battle, probably throughout most of the summer,' he Thielen, director of the DNR's forestry division, said extremely low humidity and high winds have allowed wildfires to spread quickly. 'I've worked for DNR Forestry for nearly 30 years and the weather the last few days is just really unprecedented,' Thielen said. Despite the challenging conditions, Thielen said firefighters have been successful in containing or extinguishing more than 70 fires. Two other large wildfires, in addition to the Camp House fire, are proving especially difficult to manage. All three fires remained at zero-percent containment Tuesday afternoon. The Jenkins Creek Fire, discovered Monday about five miles northwest of the Camp House Fire in the Superior National Forest, now spans roughly 6,800 acres, authorities said. At least one structure has been lost and the Skibo area is under evacuation Tuesday. Ramsay said authorities are concerned the fire will spread north, putting more populated areas at risk. The third large fire burning in St. Louis County, known as the Munger Shaw Fire, was discovered Monday afternoon and spans roughly 1,400 acres Tuesday, according to the DNR. Lake effect winds are expected to create challenges for firefighters Tuesday, but higher relative humidity could provide some relief overnight. Starting around 8 a.m. Wednesday morning, a larger incident command team will take control of the Camp House and Jensen Creek fires - to be known together as the Brimson Complex. The cause of all three fires remains under investigation, but the Camp House fire is widely rumored to have begun with an unattended camp fire. Ramsey, the sheriff, confirmed this in an interview with FOX 9 All Day, adding that the DNR has identified the person who started the fire. Ramsey also told the station a discarded cigarette is possibly to blame for the Jenkins Creek fire, which started near Highway 16. The Munger Shaw fire, FOX 9 reports, appears to have ignited when a bail of hay caught fire. BMTN Note: Weather events in isolation can't always be pinned on climate change, but the broader trend of increasingly severe weather and record-breaking extremes seen in Minnesota and across the globe can be attributed directly to the rapidly warming climate caused by human activity. The IPCC has warned that Earth is "firmly on track toward an unlivable world," and says greenhouse gas emissions must be halved by 2030 in order to limit warming to 1.5C, which would prevent the most catastrophic effects on humankind. You can read more here.
USA Today
10-05-2025
- Sport
- USA Today
WATCH: Chiefs Wire Podcast Video Interview: Adam Thielen
WATCH: Chiefs Wire Podcast Video Interview: Adam Thielen On the Chiefs Wire Podcast, we look back at one of the best interviews from the 2024 season! This week, we're reflecting on the Week 12 episode. Watch as Senior Writer Ed Easton Jr. spoke to Carolina Panthers veteran wide receiver Adam Thielen before his team's matchup against the Chiefs last season and his mentality against the defending champions. Thielen is a highly respected golfer who discussed this year's crop of NFL talent competing in last year's American Century Championship at Lake Tahoe. He also gave his unique take on Patrick Mahomes' passion for golf. "He and many guys in the NFL love to play the game," Thielen said of Mahomes. "Our offseasons are a great time to be down south somewhere and play a lot of golf. So, a lot of guys love to play. I mean, Pat is a guy who has a ton of ability." Thielen started 10 games in 2024, his second season in Carolina, and had 48 catches for 615 yards and five touchdowns. The Panthers finished with a 5-12 record as the team continues to rebuild under quarterback Bryce Young. Check out the link to listen to the full episode!
