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

QCP Capital posted on its official channel that Bitcoin remains resilient and is currently priced around $97,500, rebounding quickly from a small correction of 3% to a low of $94,500. The decline occurred after Microsoft shareholders rejected a proposal to allocate 1% of total assets to BTC, which was intended to use BTC as a hedge against inflation. MicroStrategy increased its stake again last week, buying BTC for $2.1 billion, its fifth consecutive week of increase. The move shows strong support for the downward price and consolidates its overall $42 billion strategy, suggesting that more acquisitions may be planned in the future. Crypto industry lobbying groups are increasing pressure on SEC Commissioner Caroline Crenshaw, who has attracted much attention for her alleged anti-crypto stance. The Senate committee is about to vote on her position, and Republicans call the vote a last-minute effort to resist Trump's push to transform the SEC into a pro-innovation, pro-digital asset business agency.