TechFlow news, December 11 — QCP's latest report indicates that Bitcoin has maintained strong resilience, currently trading around $97,500, swiftly rebounding from a brief 3% pullback to a low of $94,500. This sell-off occurred after Microsoft shareholders decisively rejected a proposal to allocate 1% of total assets to BTC, which was intended as a hedge against inflation.
Despite MicroStrategy Chairman Michael Saylor's efforts to sway Microsoft shareholders, the company held firm, citing concerns over BTC's volatility.
On the other hand, MSTR last week doubled down with another $2.1 billion in BTC purchases—the fifth consecutive week of accumulation. This move signals strong support against downward trends and reinforces its $42 billion strategy, indicating further acquisitions are likely on the horizon.
Cryptocurrency lobbying groups have intensified opposition against SEC Commissioner Caroline Crenshaw ahead of a Senate committee vote, citing her perceived anti-crypto stance. Republicans argue that Crenshaw's confirmation timing represents a last-minute effort to undermine Trump’s agenda of reshaping the SEC into an innovation-friendly, digital-asset-supportive business advocate.
