Metaplanet Secures Control with $2.23M Investment in Super League

Super League Enterprise has secured $2.23 million through its first at-the-market stock offering, as part of its deal to become Metaplanet's U.S. Bitcoin treasury platform.

The company sold 475,598 shares for gross proceeds of approximately $2.23 million under the ATM program, which will allow it to raise up to another $2.27 million in common stock.

Metaplanet plans to contribute 2,100 BTC and $2.5 million to Super League as part of its investment, which will give Metaplanet a controlling interest in the company and make it the majority shareholder.