External ReportingĐăng 19 giờ trước

Metaplanet Bets 2,100 Bitcoin on US Expansion, Takes 95.7% Stake in Gaming Media Company

Metaplanet Inc. (OTC:MTPLF) is expanding its Bitcoin (CRYPTO: BTC) treasury strategy into the U.S., following a deal that will create a new Nasdaq-listed BTC treasury platform.

Publisher Benzinga 1 phút đọc

Image via Benzinga

2,100 BTCBitcoin contributed to deal

$132.1MValue of Bitcoin contribution

95.7%Expected Superplanet ownership stake

$210MAdditional investment right

Đang dịch…

Why This Matters

The transaction would create a Nasdaq-listed Bitcoin treasury platform controlled by Metaplanet, extending its capital-raising access from Japan into U.S. public markets. Its structure could increase institutional avenues for BTC accumulation while concentrating ownership and Bitcoin exposure within Metaplanet’s consolidated balance sheet.

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Metaplanet Inc. (OTC:MTPLF) is expanding its Bitcoin (CRYPTO: BTC) treasury strategy into the U.S., following a deal that will create a new Nasdaq-listed BTC treasury platform.

The Deal

Metaplanet, through its U.S. subsidiary, agreed to contribute 2,100 BTC valued at approximately $132.1 million, along with $2.5 million in cash, to gaming media company Super League Enterprise Inc. (NASDAQ:SLE).

The total investment accounts for almost 4.9% of Metaplanet’s current 43,000-BTC holdings. The company will receive 44.86 million common shares priced at $3 each, preferred stock and warrants.

Following the transaction, Super League will be renamed Superplanet Inc., trade under the ticker SUPA and become a consolidated Metaplanet subsidiary.

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Metaplanet is expected to own around 95.7% of Superplanet’s outstanding common stock.

The companies stressed that the transaction is a private placement into an existing Nasdaq-listed operating company, rather than a SPAC deal or reverse takeover.

The transaction is expected to close in Q4 of 2026. Following closing, Superplanet intends to publish BTC-per-share metrics, while Metaplanet will report its Bitcoin exposure on a consolidated basis.

Metaplanet Has Two Listed BTC Treasuries

Superplanet will launch with 2,100 BTC on its balance sheet while retaining Super League’s existing gaming media business.

The structure effectively gives Metaplanet two publicly listed BTC treasury platforms: Metaplanet on the Tokyo Stock Exchange and Superplanet on Nasdaq.

Metaplanet CEO Simon Gerovich described the structure as "one consolidated Bitcoin position" capable of raising capital through two different markets.

Superplanet plans to explore raising capital through instruments including perpetual preferred stock. The proceeds will be potentially used to accumulate additional BTC without increasing its common-share count.

Metaplanet will also receive 10-year warrants covering up to 381 million Superplanet shares, with exercise prices ranging from $3 to $33.50.

Additionally, Metaplanet will have a 24-month right to invest as much as another $210 million through non-convertible junior liquidity preferred stock.

Image: Shutterstock

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