Key facts
- Metaplanet will invest 2,100 BTC and $2.5 million cash.
- Metaplanet will hold nearly 94% of Superplanet's common stock.
- Super League's stock rose over 9% on the day of the announcement.
Super League shareholders have approved a proposal from Japan-based Metaplanet to establish a U.S. Bitcoin treasury firm, which will be renamed Superplanet. Metaplanet will invest 2,100 BTC and $2.5 million cash, acquiring over 93% of the common stock. This move aims to create a global Bitcoin-native financial platform with access to U.S. capital markets. The transaction includes preferred stock and warrants for Metaplanet, with its shares subject to a five-year lock-up. Superplanet plans to grow its Bitcoin holdings further. The Super League stock surged over 9% following the announcement.