Metaplanet Invests $137 Million in BTC to Launch US Treasury Platform
Metaplanet is taking its first major step into US capital markets by investing $2.5 million in cash and 2,100 Bitcoin worth approximately $135 million to take a controlling stake in Nasdaq-listed Super League Enterprise.
The deal will rename Super League as Superplanet and list it under the ticker SUPA, serving as Metaplanet's dedicated US Bitcoin treasury platform.
Metaplanet CEO Simon Gerovich described the structure as creating 'two engines' for Bitcoin accumulation, with Metaplanet continuing to raise capital in Japan while Superplanet taps US markets through perpetual preferred shares.