Metaplanet Plans 2,100 BTC Investment to Build U.S. Treasury Platform

Metaplanet has agreed to contribute 2,100 Bitcoin and $2.5 million in cash to Nasdaq-listed Super League Enterprise, a transaction designed to create a U.S. Bitcoin treasury platform under the proposed name Superplanet.

Under the definitive agreement announced August 18, the Bitcoin was valued at approximately $132.1 million. Together with the cash contribution, the stated investment totals about $134.6 million.

Metaplanet Would Take 95.7% Ownership Metaplanet would receive 44,859,400 common shares priced at $3 each, preferred stock, and warrants.

At closing, it is expected to own approximately 95.7% of Superplanet’s outstanding common shares, or about 93.6% assuming the exercise of existing pre-funded warrants. Super League would remain Nasdaq-listed, change its name to Superplanet, and use the ticker SUPA.