Metaplanet, the Tokyo-listed firm that has adopted Bitcoin as its major treasury reserve asset, plans to take a controlling stake in Nasdaq-listed Super League Enterprise, increasing its Bitcoin treasury technique into the US and probably opening up new sources of capital.
On Tuesday, Metaplanet CEO Simon Gerovich said the corporate plans to contribute 2,100 Bitcoin (BTC) and $2.5 million in money to Super League, which might be renamed Superplanet and turn out to be the corporate’s US Bitcoin treasury platform.
The two,100 BTC contribution represents just below 5% of Metaplanet’s 43,000 BTC holdings and is price roughly $135 million at present Bitcoin costs. As a result of the Bitcoin will come from Metaplanet’s current treasury, the transaction doesn’t symbolize a brand new BTC buy.
Gerovich stated the construction would give the corporate two avenues for elevating capital, with Superplanet tapping US markets whereas Metaplanet continues to elevate funds in Japan. The deal is anticipated to shut in the fourth quarter of 2026, topic to customary closing situations, together with approval from Super League shareholders.
Beneath the proposed construction, capital raised by both firm may help the group’s broader Bitcoin treasury technique. Metaplanet stated Superplanet may additionally pursue acquisitions in the US Bitcoin treasury sector that will not be accessible to the Japanese dad or mum firm.
Super League Enterprise at the moment operates an immersive gaming, content material and promoting enterprise. Its shares surged greater than 50% following the announcement, accompanied by a pointy improve in buying and selling exercise.
Buying and selling quantity reached roughly 37.3 million shares, in contrast with about 393,000 shares beforehand, a rise of almost 95-fold, in accordance to Yahoo Finance information.
Super League Enterprise (SLE) inventory. Supply: Yahoo Finance
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Metaplanet has emerged because the third-largest company Bitcoin holder, trailing Twenty One Capital by roughly 500 BTC. Twenty One Capital is a publicly traded Bitcoin treasury firm backed by Tether, Bitfinex and SoftBank that was shaped to accumulate Bitcoin and improve holdings on a per-share foundation. Metaplanet final added to its Bitcoin holdings in early July, in accordance to BitcoinTreasuries.NET.
Michael Saylor’s Technique stays the most important company Bitcoin holder, with greater than 840,000 BTC. Nonetheless, the corporate has additionally sold Bitcoin in recent months to fund dividends, share repurchases and its US greenback reserve, highlighting among the capital-management challenges going through publicly traded Bitcoin treasury firms.
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