Metaplanet Invades Saylor’s Home Turf. Couldn’t Japan Fund Its Bitcoin Ambitions?
Metaplanet will move 2,100 Bitcoin (BTC) and $2.5 million in cash into Super League, a small Nasdaq-listed gaming media firm. The $134.6 million deal, announced Tuesday, creates a US treasury vehicle named Superplanet.
The move drops Metaplanet into the market Michael Saylor's Strategy (formerly MicroStrategy) built. It also raises a sharp question. Why does Japan's biggest corporate Bitcoin holder suddenly need American money?
Inside Metaplanet's Bitcoin Beachhead on Nasdaq
Metaplanet pays $3.00 per share for a 95.7% stake in Super League. The firm will be renamed Superplanet and trade under the ticker SUPA. Metaplanet gets board control, and every share it receives is locked up for five years.
The groundwork was laid a year ago. Evo Fund, a sponsor of Metaplanet, invested $10 million in Super League in September 2025. That deal wiped out Super League's debt and fixed its Nasdaq compliance problems.
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