Japan’s “MicroStrategy of the East,” Metaplanet Inc., is not slowing down. On November 25, 2025, the Tokyo-listed company borrowed another $130 million in Bitcoin-collateralized debt and immediately converted it into BTC, pushing its total holdings to 1,004 BTC — roughly $88 million at current prices.
Even as U.S. spot Bitcoin ETFs hemorrhage $3.5 billion this month alone, BTC is quietly holding $87,789 — up 0.36% in the last 24 hours — inside a $3.3 trillion crypto market rebound. One question is on every trader’s mind: Is the bottom finally in? Track live BTC price, deep order books, and interactive charts right now on Tapbit Price — and be ready the second the next leg starts.
How The $130M Purchase Went Down？
Metaplanet executed the buy at an average of ~$87,500 per BTC — textbook dip-buying while most retail investors were still in panic mode.
CEO Simon Gerovich stated:
“We are accelerating our Bitcoin treasury strategy in the face of continued volatility.”
On-chain data confirms the freshly acquired coins were moved straight to cold storage, taking Metaplanet past the symbolic 1,000 BTC milestone in record time (up from 700 BTC in October).
Immediate Market Reaction
Bitcoin has actually slipped 4.4% over the past seven days, sliding from roughly $91,600 to today’s $87,772. BTC dominance is still glued at 58%, relentlessly squeezing altcoins and forcing capital to either rotate into Bitcoin or sit on the sidelines. To the untrained eye, that looks like weakness — but on-chain forensics tell a very different story.
Glassnode analysts are calling this a textbook late-cycle capitulation pattern. Mid-cycle holders — the 2024 buyers who rode the rally from $60K to $126K — are finally throwing in the towel, dumping coins at a loss. Yet every single sell order is being quietly absorbed by long-term whales who refuse to flinch. Metaplanet just proved it again with their $130 million debt-fueled shopping spree (bringing them to 1,004 BTC). Dutch whale OranjeBTC casually added another 7.3 BTC yesterday (~$640K at current prices). These aren’t speculative bets — these are cold, calculated votes of confidence from institutions that measure risk in decades, not TikTok trends.
Quietly in the background, Japan’s Financial Services Agency (FSA) is drafting mandatory reserve funds for all licensed crypto exchanges — a direct response to the $305 million DMM Bitcoin hack earlier this year. Bloomberg sources say the rules could be live as early as Q1 2026 and will align Japan with G20 standards. Translation: one of the world’s most crypto-friendly major economies is building a real safety net instead of banning trading. That kind of regulatory clarity is pure rocket fuel when sentiment is this washed out.
Bull Case – Why $100K Is Still In Play
- Fed funds futures pricing an 85% chance of a December rate cut → fresh liquidity flooding risk assets
- Corporate treasury adoption going global: Metaplanet (Japan), MicroStrategy (U.S.), and a growing list of Nasdaq firms treating BTC as pristine collateral
- A decisive weekly close above $90K would flip the macro structure bullish and likely trigger a violent short squeeze toward $95K–$100K before New Year’s Eve
Bear Case – The Risks That Remain
- U.S. spot ETFs have already bled $3.5 billion in November — another redemption wave could easily push BTC back to test $85K or even the $82K low
- If the Fed surprises markets and holds rates (15% probability), risk-off flows would hit hardest here
- Thin weekend liquidity means a single $1 billion sell wall can still spark a 5-8% flush lower
Final Verdict
The price is red, the headlines are scary, and retail is panicking — exactly the environment where the smartest money doubles down. Every dip is being met by stronger and stronger hands. History rhymes: the last time we saw this exact mix of capitulation + whale accumulation + improving regulation, Bitcoin went on a 150% tear.
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