Metaplanet Invests 2,100 Bitcoin to Create US Treasury Platform Through Nasdaq Deal

TLDR

• Metaplanet will invest 2,100 BTC and $2.5 million cash to take a 95.7% controlling stake in Nasdaq-listed Super League Enterprise
• Super League will be renamed Superplanet and trade under the ticker SUPA as a US Bitcoin treasury platform
• The 2,100 BTC comes from Metaplanet’s existing 43,000 BTC treasury and is worth roughly $135 million
• Super League shares surged over 85% on the news, while Metaplanet stock closed 5% higher
• The deal creates two capital-raising engines: Metaplanet in Japan and Superplanet in US markets

Metaplanet, Japan’s largest corporate Bitcoin holder, is making its first major move into US capital markets. The Tokyo-listed company announced plans to invest 2,100 Bitcoin and $2.5 million in cash to take a controlling stake in Nasdaq-listed Super League Enterprise.

Since April, a small team inside Metaplanet has been working on something we could not talk about. Today it is public.

Metaplanet is taking a controlling stake in Super League Enterprise (Nasdaq: SLE). At closing it will be renamed Superplanet, our U.S. Bitcoin treasury… pic.twitter.com/70vjsjrwUN

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