QCP: The establishment of a new cryptocurrency working group by the US SEC could become a turning point in the digital asset field

QCP released a daily market observation stating that the new leadership of the US SEC has established a dedicated working group to develop a regulatory framework for crypto assets. Led by "Crypto Mom" Hester Peirce, it is expected to be a turning point in the digital asset field.

After initial disappointment following Trump's inauguration gradually faded, Bitcoin has rebounded 3.8%, stabilizing at around $105,000. However, due to market caution and concerns about Trump always over-promising and failing to deliver on any crypto-related executive orders, its upside potential remains limited. Meanwhile, Bitcoin futures continue to rise with bullish bets currently about 20 times bearish ones.

MicroStrategy shareholders have approved a significant increase in authorized Class A common shares and preferred shares from 330 million shares up to an astonishing 10.3 billion shares. This expansion greatly strengthens the company's equity base allowing MicroStrategy to surpass almost all leading companies in NASDAQ 100 index except Nvidia, Apple, Alphabet and Amazon.

With plans to raise $42 billion through stock issuance and convertible bonds by 2027, MicroStrategy still has an equity issuance quota of $54.2 billion which further increases its investment in Bitcoin.