Metaplanet Acquires Nasdaq-Listed Super League with 2,100 Bitcoin

Metaplanet, a Japanese Bitcoin treasury firm, is making a significant move in the US market. The company has signed an agreement to acquire about 95.7% of Nasdaq-listed Super League by investing 2,100 Bitcoin and $2.5 million in cash.

The total investment amounts to approximately $134.6 million. Once the deal closes, Super League will change its name to Superplanet while retaining its Nasdaq listing.

Metaplanet plans to operate Superplanet as a US BTC treasury platform, with the goal of raising funds in US capital markets to pursue further Bitcoin purchases and long-term holdings growth.