Metaplanet Expands Bitcoin Treasury Strategy with Nasdaq Play

Metaplanet, a Tokyo-listed company that has made Bitcoin its primary treasury reserve asset, is expanding its Bitcoin strategy into the US by taking a controlling stake in Nasdaq-listed Super League Enterprise.

The deal involves contributing 2,100 BTC and $2.5 million in cash to Super League, which will be renamed Superplanet and become Metaplanet's US Bitcoin treasury platform.

The contribution represents just under 5% of Metaplanet's 43,000 BTC holdings, worth approximately $135 million at current prices.

According to CEO Simon Gerovich, the structure will give the company two avenues for raising capital, with Superplanet tapping US markets while Metaplanet continues to raise funds in Japan.