Metaplanet Buys Stake in Super League for $134M US Bitcoin Treasury Hub
Metaplanet is investing $134.6 million in Super League Enterprise to transform it into its US Bitcoin treasury platform, dubbed Superplanet.
The deal gives Metaplanet a 95.7% stake in the company and includes 10-year warrants to buy up to 381 million shares with exercise prices ranging from $3 to $33.50.
Metaplanet is contributing 2,100 Bitcoin worth around $132.1 million plus $2.5 million in cash for this investment.