Metaplanet agreed to acquire roughly 96% of Nasdaq-listed Super League Entertainment through a $134.6 million mix of 2,100 bitcoin and cash, transforming the gaming media firm into its U.S.-listed bitcoin treasury platform. The Tokyo-listed company will buy 44.9 million new shares at $3, plus preferred stock and warrants, and is contributing nearly 5% of its 43,000-bitcoin holdings. Super League will be renamed Superplanet Inc., trading as SUPA. Super League stock jumped over 50%, while Metaplanet shares also advanced. The deal underpins Metaplanet’s broader Project Nova push into bitcoin-backed financial infrastructure, including Bitbonds, with closing expected in the fourth quarter.
This update represents a notable development in the Crypto sector. Organizations and founders tracking this space should evaluate potential strategic and technical implications on their operations.