QCP Capital: Trump promises to influence the upside of the crypto market, MicroStrategy will continue to buy BTC

Odaily Planet Daily News QCP Capital posted on its official Telegram channel: "Finally, the new leadership of the U.S. Securities and Exchange Commission (SEC) has established a working group to develop a regulatory framework specifically for crypto assets. Spearheaded by crypto mom Hester Peirce, the program is expected to be a game changer in the digital asset sector. After shaking off the initial disappointment of Trump's inauguration, Bitcoin rebounded 3.8% and stabilized at around $105,000. However, its upside remains limited as the market remains cautious, wary of Trump's tendency to over-promise and under-deliver before any cryptocurrency-related executive orders. Whether these long-awaited actions will eventually meet expectations remains in doubt. Meanwhile, BTC futures continue to trend upward, especially on the front end, as the market's net long exposure last week remained robust. Bullish bets currently outweigh bearish bets by about 20:1. In addition, MicroStrategy and its shareholders are still buying Bitcoin! Shareholders have approved a significant increase in the number of authorized Class A common and preferred shares, increasing the total number of authorized shares from 330 million to a staggering 103 100 million shares. This expansion significantly increased the company's share base, making MicroStrategy's stock trading volume exceed that of almost all Nasdaq 100 leaders, excluding Nvidia, Apple, Alphabet and Amazon. MicroStrategy plans to raise $42 billion in capital through stock and convertible note offerings by 2027, but still has $5.42 billion in stock offerings, doubling its commitment to buy Bitcoin. ”