BlockBeats news, on December 11, QCP released a daily report saying that Bitcoin remained strong and resilient, with a current price of around $97,500, rebounding quickly from a previous small correction of 3% to a low of $94,500. The sell-off occurred after Microsoft shareholders explicitly rejected a proposal to allocate 1% of total assets to BTC, which was intended to use BTC as a hedge against inflation.
Despite efforts by MicroStrategy Chairman Michael Saylor to try to change Microsoft shareholders' opinions, Microsoft has maintained its position, citing the risks posed by BTC's high volatility.
Meanwhile, MicroStrategy increased its stake again last week, buying BTC for $2.1 billion, its fifth consecutive week of increases. The move shows strong support for downward prices and consolidates its overall $42 billion strategy, suggesting that there may be more acquisition plans in the future.
Crypto industry lobbying groups are increasing pressure on SEC Commissioner Caroline Crenshaw, who has attracted attention for her alleged anti-crypto stance. A Senate committee is about to vote on her position, and Republicans are calling the vote a last-minute effort to resist Trump's push to transform the SEC into a pro-innovation, pro-digital asset business agency.