Overview
- Metaplanet announced Tuesday that it will contribute 2,100 BTC and $2.5 million to Nasdaq‑listed Super League Enterprise in exchange for 44,859,400 common shares, preferred stock and warrants that give it roughly 95.7% ownership.
- The transaction will rebrand Super League as Superplanet (ticker SUPA) and installs Metaplanet‑appointed directors to hold five of nine board seats while common shares issued to Metaplanet will carry a five‑year lockup.
- Superplanet’s capital plan includes 10‑year warrants covering up to 381 million shares and a 24‑month option for Metaplanet to buy up to $210 million of junior preferred stock, but those cash inflows would require future exercises or offerings and are not guaranteed.
- The 2,100 BTC equals about 4.9% of Metaplanet’s reported ~43,000 BTC and will remain inside Metaplanet’s consolidated group, creating concentrated exposure to Bitcoin price swings for both companies and for holders of any Bitcoin‑backed preferred securities.
- The companies expect a Q4 2026 close subject to Super League shareholder votes, Nasdaq and SEC filings and other regulatory conditions and Super League shares jumped sharply on the announcement while Metaplanet’s Tokyo stock rose modestly.