Key facts
- Metaplanet will acquire 95.7% of Super League Enterprise.
- The acquisition is valued at $134.6 million.
- A new US-based bitcoin treasury platform named Superplanet will be established.
- Metaplanet will contribute 2,100 bitcoin to the venture.
- Metaplanet will contribute $2.5 million in cash to the venture.
Metaplanet has announced its intention to acquire a substantial 95.7% stake in Super League Enterprise, a transaction valued at $134.6 million. This acquisition is designed to facilitate the establishment of a new US-based bitcoin treasury platform, which will operate under the name Superplanet. As part of the deal's structure, Metaplanet will contribute 2,100 bitcoin and an additional $2.5 million in cash to the newly formed entity. The formation of Superplanet is expected to enhance Metaplanet's offerings in cryptocurrency-related financial services and treasury management, particularly within the American market. This strategic acquisition positions Metaplanet to leverage the growing interest and adoption of bitcoin as a treasury asset by corporations.