Super League Bitcoin treasury deal hands Metaplanet 95.7% stake for $132M

Super League Enterprise is about to become something very different from the gaming media company Wall Street has known for years. In a deal that fuses a Nasdaq-listed advertising business with one of the world’s largest corporate Bitcoin holders, Super League will be renamed Superplanet, Inc. and turned into a Super League Bitcoin treasury platform majority-owned by Tokyo-listed Metaplaner, Inc. The agreement, announced by both companies, marks one of the more unusual cross-border Bitcoin consolidation plays to hit U.S. capital markets this year.

Key takeaways

• Super League Enterprise will be renamed Superplanet, Inc. once the transaction closes, becoming a Nasdaq-listed U.S. Bitcoin treasury platform.
• Metaplanet will contribute 2,100 Bitcoin (worth roughly $132.1 million) plus $2.5 million in cash in exchange for 44,859,400 shares at $3.00 each, along with preferred stock and warrants.
• Metaplanet will end up owning approximately 95.7% of Superplanet’s common stock, with those shares locked up for five years.
• Metaplanet itself holds 43,000 BTC, making it the third-largest corporate Bitcoin holder among public companies worldwide.
• The deal is expected to close in the fourth quarter of 2026, pending shareholder and regulatory approval in the U.S. and Japan.

Super League becomes Superplanet: inside the Bitcoin treasury deal with Metaplanet

The core of the announcement is straightforward, even if the mechanics are elaborate: Super League Enterprise, Inc. (Nasdaq: SLE) and Metaplanet, Inc. (TSE: 3350) have signed a definitive agreement that turns Super League into a Bitcoin-backed holding company once the transaction closes. Once that happens, the company will drop its old name and ticker, becoming Superplanet, Inc. and trading under the symbol “SUPA.”

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