Metaplanet plans to take a 95.7% stake in Nasdaq-listed Super League Enterprise by contributing 2,100 BTC and $2.5 million in cash.
The renamed Superplanet would give Metaplanet a U.S. treasury platform without requiring a fresh Bitcoin purchase.
News - Metaplanet is not adding Bitcoin this time. It is redeploying part of the stack it already owns to build a second listed treasury platform in the United States.
The Tokyo-listed company agreed to contribute 2,100 BTC, worth about $132.1 million at the announced valuation, plus $2.5 million in cash to Super League Enterprise. In return, Metaplanet would receive common shares, preferred stock, and warrants, giving it roughly 95.7% of Superplanet’s common stock at closing.
A new listing, not a new buy - The 2,100 BTC comes from Metaplanet’s existing 43,000 BTC treasury, meaning the transaction itself does not represent additional Bitcoin accumulation. Super League would be renamed Superplanet and trade under the ticker SUPA, while its gaming, content, and advertising business would continue as a separate operating segment.
Two markets, one treasury strategy - The structure gives Metaplanet access to U.S. capital markets while it continues raising funds in Japan. Superplanet plans to use Bitcoin as collateral for future preferred-stock offerings, and Metaplanet would retain the right to invest up to another $210 million through non-convertible preferred stock over 24 months.
Control comes with conditions - Metaplanet would appoint five of nine directors, and the shares it receives would be locked up for five years. The transaction is expected to close in Q4 2026, subject to shareholder approval andother closing conditions.