QCP Capital: BTC remains resilient, MicroStrategy may launch more acquisition plans in the future

Odaily report: QCP Capital posted on its official channel that Bitcoin has maintained strong resilience, with the current price around $97,500, quickly rebounding after a slight 3% pullback to the low of $94,500 previously. This decline occurred after Microsoft shareholders rejected a proposal to allocate 1% of total assets to BTC as a hedge against inflation. Last week, MicroStrategy added to its position, purchasing $2.1 billion worth of BTC, marking its fifth consecutive week of accumulation. This move demonstrates strong support for the downside price and consolidates its $42 billion overall strategy, hinting at the possibility of more acquisition plans in the future. The crypto industry lobbying group is increasing pressure on SEC Commissioner Caroline Crenshaw, who has been scrutinized for her perceived anti-crypto stance. The Senate committee is about to vote on her position, with Republicans calling this vote a last-ditch effort to resist Trump's push to transform the SEC into a business institution that supports innovation and digital assets.