Metaplanet to Acquire Super League for US Bitcoin Treasury

On August 18, 2026, Japanese investment firm Metaplanet announced a strategic investment to acquire a controlling stake in Nasdaq-listed Super League Enterprise, creating a new U.S.-based Bitcoin treasury platform. The deal, valued at approximately $132.1 million, involves Metaplanet contributing 2,100 Bitcoin and $2.5 million in cash in exchange for stock, preferred shares, and warrants.

Under the agreement, Metaplanet will receive 44,859,400 newly issued common shares of Super League at $3 each. Upon completion, the acquired company will be renamed Superplanet, Inc., trade under the ticker SUPA, and become a consolidated subsidiary of Metaplanet. The transaction will grant Metaplanet approximately 95.7% ownership of Superplanet's common stock. Metaplanet will also receive convertible perpetual preferred shares with voting rights and warrants covering up to 381 million common shares, exercisable over ten years at prices from $3 to $33.50.

The move marks Metaplanet's first operational foothold outside Japan and establishes a dual-listed treasury architecture. Metaplanet will continue accessing capital through Japanese markets, while Superplanet will raise funds from U.S....