Metaplanet to acquire 95.7% stake in Nasdaq-listed Super League and convert it into a US Bitcoin treasury platform called Superplanet, investing 2,100 BTC.
Macro & Markets ·
Metaplanet, a Japan-listed Bitcoin treasury company, has committed to injecting 2,100 BTC—valued at approximately $132.1 million—and $2.5 million in cash into Nasdaq-listed Super League Enterprise through a definitive agreement. The transaction grants Metaplanet's U.S. subsidiary a controlling position of roughly 95.7% in the combined entity's common stock, with total deal value around $134.6 million in exchange for common and preferred stock plus warrants.
Following the deal's close, Super League will undergo rebranding to Superplanet, Inc., with its trading symbol shifting to SUPA. This move establishes Metaplanet's first dedicated U.S.-based Bitcoin treasury platform, leveraging the existing Nasdaq listing to accelerate market access and regulatory presence in the American market.
The agreement remains subject to customary closing conditions and shareholder approval, with no publicly disclosed timeline for completion yet announced. Questions persist regarding the final regulatory clearance timeline and operational integration strategy between the Japan and U.S. operations.