{"id":18394,"date":"2025-11-27T10:16:37","date_gmt":"2025-11-27T09:16:37","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=18394"},"modified":"2025-11-27T10:16:37","modified_gmt":"2025-11-27T09:16:37","slug":"bitcoin-must-break-108k-by-december-18-to-avoid-a-new-crisis","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/27\/bitcoin-must-break-108k-by-december-18-to-avoid-a-new-crisis\/","title":{"rendered":"“Bitcoin Must Break $108K by December 18 to Avoid a New Crisis”"},"content":{"rendered":"\n
\n

Metaplanet, often called Japan’s version of MicroStrategy for following Michael Saylor’s Bitcoin investment game plan, is at a crucial point as Bitcoin (BTC) slips below 30% of its all-time highs in less than a month.<\/span><\/p>\n

Metaplanet’s Bitcoin Holdings Take a Hit<\/span><\/h2>\n

As of November 26, Metaplanet <\/span>holds the title<\/span><\/a> of being the fourth largest public Bitcoin treasury company, with over 30,000 BTC valued at around $2.7 billion. Their average purchase price stands at $108,000 per coin, while Bitcoin is currently trading at about $87,700, leading to a hefty loss of nearly 17% on their investments.<\/span><\/p>\n

Metaplanet\u2019s Bitcoin investment figures. Source: BitcoinTreasuries.NET<\/a><\/figcaption><\/figure>\n

Currently, the company is about $640 million in the red, and its stock has taken a nosedive, plummeting 81% from June\u2019s peak of \u00a51,935 to just \u00a5366 per share on the Tokyo Stock Exchange.<\/span><\/p>\n

Related Reading<\/span><\/h2>\n<\/p>\n

Recently, Metaplanet secured an extra $130 million to boost its <\/span>Bitcoin holdings<\/span><\/a>, which they revealed in a filing on November 21 under an already set up $500 million credit line announced in late October.<\/span><\/p>\n

This loan has a floating interest rate that adjusts daily, allowing quick repayment. Plus, it\u2019s fully backed by the company’s Bitcoin reserves.<\/span><\/p>\n

Still, market expert Shanaka Anslem is raising some eyebrows on social media platform X (formerly Twitter) about how this could affect Metaplanet’s short-term stability.<\/span><\/p>\n

Upcoming Dates to Mark<\/span><\/h2>\n

Anslem <\/span>pointed out<\/span><\/a> two key dates that everyone should keep an eye on: December 18, when the Bank of Japan (BoJ) will make a call on interest rates, and December 22, the date Metaplanet shareholders will vote on a proposed $135 million fundraising effort.<\/span><\/p>\n

These events are closely linked. According to Anslem, if the Bank of Japan goes for a tighter monetary policy, leading to a stronger yen, Bitcoin prices might fall, which could cause Metaplanet’s stock premium to crash and jeopardize the fundraising vote.<\/span><\/p>\n

On the flip side, if the central bank keeps its loose policies, weakening the yen but stabilizing Bitcoin prices, the vote could succeed and help the company stay afloat.<\/span><\/p>\n

Related Reading<\/span><\/h2>\n<\/p>\n

This situation isn’t just about Metaplanet; it\u2019s significant for Japan as a whole. Right now, Japan doesn\u2019t have a Bitcoin <\/span>exchange-traded fund (<\/span><\/a>ETF), making Metaplanet the only way for Japanese investors to get into Bitcoin through the stock market.<\/span><\/p>\n

This unique position contributed to a whopping 4,000% increase in the company\u2019s stock value in 2024, but recently it fell 81% when Bitcoin dropped by 30%, sparking fears of a looming bear market among investors.<\/span><\/p>\n

With leverage in play, the risks are high. For Metaplanet to break even, Bitcoin needs to hit $108,000. For their investment model to work well, BTC must exceed $130,000. If Bitcoin dips below $70,000, Metaplanet might have to offload assets to meet collateral demands. Anslem also remarked:<\/span><\/p>\n

\n

For now, Metaplanet stands as neither a clear-cut success nor failure but rather the most significant trial in corporate Bitcoin allocation on the go\u2026 The hotel company that went all-in on Bitcoin is nearing its moment of truth. The world is watching closely.<\/span><\/p>\n<\/blockquote>\n

\"Metaplanet\"
The daily chart shows BTC\u2019s price steadying above the $85,000 mark for the past 24 hours. Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from DALL-E, chart from TradingView.com <\/span><\/p>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Metaplanet, often called Japan’s version of MicroStrategy for following Michael Saylor’s Bitcoin investment game plan, is at a crucial point as Bitcoin (BTC) slips below 30% of its all-time highs in less than a month. Metaplanet’s Bitcoin Holdings Take a Hit As of November 26, Metaplanet holds the title of being the fourth largest public<\/p>\n","protected":false},"author":3,"featured_media":18395,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[4385,4386],"class_list":{"0":"post-18394","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-bitcoin-needs-to-surpass-108","9":"tag-000-by-december-18-to-prevent-new-crisis-gpt"},"yoast_head":"\n"Bitcoin Must Break $108K by December 18 to Avoid a New Crisis" - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/27\/bitcoin-must-break-108k-by-december-18-to-avoid-a-new-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\""Bitcoin Must Break $108K by December 18 to Avoid a New Crisis" - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"Metaplanet, often called Japan’s version of MicroStrategy for following Michael Saylor’s Bitcoin investment game plan, is at a crucial point as Bitcoin (BTC) slips below 30% of its all-time highs in less than a month. 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