Metaplanet Secures 95.7% Stake in Super League with $132M Bitcoin Deal
Metaplanet Inc.'s stock surged 5.07% to ¥228 after announcing a major Bitcoin-backed expansion into the United States.
The company will contribute 2,100 BTC and $2.5 million to Nasdaq-listed Super League Enterprise in exchange for a 95.7% controlling stake.
Under the agreement, Metaplanet will rename itself 'Superplanet' and launch its second listed Bitcoin treasury platform in the US.
The new platform will be backed by 2,100 BTC and maintain Super League's existing gaming media operations.