Metaplanet to convert Nasdaq-listed Super League into bitcoin treasury platform

Metaplanet would contribute 2,100 bitcoin (about 4.9% of its 43,000 BTC holdings) plus $2.5 million cash to Nasdaq-listed Super League, receiving roughly $134.6 million in stock, preferred shares and warrants. The renamed Superplanet would stay Nasdaq-listed under ticker SUPA, with Metaplanet owning about 95.7% of voting stock while the gaming media business continues as a segment. The structure includes ten-year warrants for up to 381 million shares at $3.00–$33.50, a 24-month option for $210 million of preferred stock, and a hypothetical scenario doubling holdings to 4,200 BTC. Closing, planned for Q4 2026, requires shareholder and regulatory approvals.

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