QCP Capital: BTC remains resilient, MicroStrategy may launch more acquisition plans in the future
Here is the English translation:
Mars Finance news, QCP Capital posted on its official channel that <Ren> maintains strong resilience, with the current price around $97,500, quickly rebounding after a previous slight correction of 3% to a low of $94,500. This 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 added to its position again last week, purchasing $2.1 billion worth of <BTC>, marking its fifth consecutive week of increasing holdings. This move demonstrates strong support for the downward price, and consolidates its overall $42 billion strategy, hinting at the possibility of more acquisition plans in the future.
Additionally, the crypto industry lobbying group is increasing pressure on SEC Commissioner Caroline Crenshaw. Crenshaw has drawn attention for being perceived as holding an anti-crypto stance. The Senate committee is set to vote on her position, with Republicans calling this vote the last chance to oppose her anti-crypto stance.
