Metaplanet announced that it will acquire a 93.7% stake in Super League by transferring 2,100 Bitcoin and $2.5 million in cash through its U.S. subsidiary, Metaplanet Holdings, Inc.
The transaction was approved by Super League shareholders at the 2026 annual meeting, and upon closing the company will be renamed Superplanet, Inc. and will trade on Nasdaq under the ticker SUPA.
Metaplanet will receive 44,859,400 shares of common stock at $3.00 per share, along with preferred stock and warrants, while the authorized preferred share count will be increased from 10 million to 100 million.
Matt Edelman will remain chief executive officer of the renamed entity, providing continuity as the firm transitions to a U.S.‑listed Bitcoin treasury platform.
The deal gives Metaplanet direct access to U.S. capital markets and establishes what could become the first publicly listed Bitcoin treasury platform on Nasdaq, a development that may broaden institutional exposure to crypto assets.
Bitcoin was trading at $82,009, up 0.6% over the prior 24 hours, indicating modest market support for the transaction’s use of BTC as a currency for a major acquisition.
This story was compiled by the Tradexus News Desk with the help of AI.
