Metaplanet Makes $135M US Bet to Build New Bitcoin Treasury Hub
Japanโs Metaplanet plans to invest $134.6 million in Nasdaq-listed Super League Enterprise, turning the company into its U.S. Bitcoin treasury platform.
Metaplanet would take a 95.7% stake by contributing 2,100 Bitcoin worth about $132.1 million and $2.5 million in cash. The deal would give the Japanese Bitcoin investor a U.S.-listed vehicle for expanding its treasury strategy.
Metaplanet Expands Its Bitcoin Strategy
Super League plans to rename itself Superplanet and trade under the SUPA ticker after the deal closes. Existing shareholders would retain about 4.3% of the company.
Metaplanet will also receive 10-year warrants to buy as many as 381 million additional shares, with exercise prices ranging from $3 to $33.50.
Related: Bitcoin vs. Nasdaq: Is AI-Driven Capital Rotation Keeping BTC From Breaking Out?
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