Metaplanet Drops $132M Bitcoin Bet on US Expansion
Metaplanet Inc., a company listed on the OTC market under the ticker MTPLF, has made significant strides in its Bitcoin treasury strategy by expanding into the US. The move involves a deal with Super League Enterprise Inc. (NASDAQ:SLE), a gaming media company.
According to the agreement, Metaplanet will contribute 2,100 BTC valued at approximately $132.1 million, along with $2.5 million in cash, to Super League. This investment accounts for almost 4.9% of Metaplanet's current 43,000-BTC holdings.
In return, Metaplanet will receive 44.86 million common shares priced at $3 each, preferred stock, and warrants. Following the transaction, Super League will be renamed Superplanet Inc., trade under the ticker SUPA, and become a consolidated Metaplanet subsidiary.
Metaplanet is expected to own around 95.7% of Superplanet's outstanding common stock. The deal is expected to close in Q4 of 2026.