Markets

Metaplanet Commits 2,100 BTC to Create Nasdaq-Listed U.S. Bitcoin Treasury Arm

✶ The Main Takeaways
  • Metaplanet is investing 2,100 BTC and $2.5 million to establish a U.S. Bitcoin treasury subsidiary named Superplanet.
  • The deal will give Metaplanet approximately 95.7% ownership of Superplanet’s common stock upon closing.
  • Superplanet aims to leverage its Bitcoin treasury for capital raises and potential preferred-stock offerings in U.S. markets.

Metaplanet has agreed to contribute 2,100 Bitcoin and $2.5 million in cash to Nasdaq-listed Super League Enterprise, creating a U.S. Bitcoin treasury subsidiary that will be renamed Superplanet.

Metaplanet Commits 2,100 BTC

The Bitcoin was valued at about $132.1 million for the transaction, bringing Metaplanet’s total contribution to roughly $134.6 million. In return, the Japanese company will receive 44.86 million Super League shares at $3 each, preferred stock and warrants, according to an SEC filing.

If the deal closes, Metaplanet will own approximately 95.7% of Superplanet’s outstanding common stock, or about 93.6% assuming Super League’s existing pre-funded warrants are exercised.

The structure does not represent another Bitcoin purchase by Metaplanet. The 2,100 BTC will move from the parent company into a consolidated subsidiary, leaving the group’s total holdings at 43,000 BTC.

That distinction follows scrutiny of Metaplanet’s treasury after it moved 3,881 BTC between wallets earlier this month without changing beneficial ownership.

Superplanet targets U.S. capital markets

Super League will remain a Nasdaq-listed operating company rather than becoming a shell or SPAC. Its existing gaming advertising and media business will continue as a separate operating segment, while Bitcoin is expected to become a central part of the company’s balance-sheet strategy.

After closing, the company plans to change its ticker from SLE to SUPA. Metaplanet will also receive the right to designate a majority of Superplanet’s nine-member board.

The companies intend to use the U.S. vehicle to pursue capital raises, including possible perpetual preferred-stock offerings backed by its Bitcoin treasury. The transaction announcement says operating income and other cash flow could help service dividends on any future preferred securities.

Metaplanet will place its Superplanet shares under a five-year lock-up and can invest up to another $210 million through junior preferred stock during the 24 months following closing.

The transaction is expected to close in the fourth quarter of 2026. It still requires Super League shareholder approval, Nasdaq filings and regulatory procedures in both the United States and Japan.

Mandy Williams
Written by

Mandy Williams

Mandy Williams is a full-time cryptocurrency reporter. Having entered the blockchain space in early 2017, she leverages a diverse background in multi-niche writing and content strategy to cover the evolving digital asset market. Mandy is dedicated to breaking down complex Web3 concepts and spreading mainstream awareness of blockchain technology.