Metaplanet Buys Majority Stake in Super League Enterprise, Renaming It Superplanet
Super League Enterprise is set to become Superplanet, Inc., a Nasdaq-listed U.S. Bitcoin treasury platform, after a deal between the two companies and Tokyo-listed Metaplanet, Inc.
The agreement marks one of the most unusual cross-border Bitcoin consolidation plays in U.S. capital markets this year, with Metaplanet contributing 2,100 BTC (valued at approximately $132.1 million) plus $2.5 million in cash for a majority stake in Superplanet's common stock.
Metaplanet will own around 95.7% of Superplanet's common stock after the deal closes, with those shares locked up for five years. The company already holds 43,000 BTC, making it the world's third-largest corporate Bitcoin holder among publicly traded companies.