Superplanet will serve as Metaplanet's U.S.-listed Bitcoin treasury platform to allow the Japanese firm to raise capital in U.S. markets. Metaplanet's control is further cemented by 100 shares of Strategic Alliance Preferred Stock, which give it veto power over mergers, changes of control, and board appointments. All shares are subject to a 5 year lock-up, and the company intends to grow its Bitcoin holdings by issuing senior perpetual preferred stock rather than debt. Metaplanet also holds a 24 month right to buy up to $210M of junior preferred stock at SOFR plus 4%.
Tuesday, October 20, 2026
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Metaplanet Secures 93.7% Stake in Super League for US Bitcoin Treasury
Business2 days ago
The company listed as $SLE will adopt the ticker $SUPA and the name Superplanet, Inc. after shareholders voted to authorize a laarge issuance of new equity. Metaplanet will acquire a 93.7% ownership stake in the firm at closing by contributing 2,100 BTC and $2.5M in cash in exchange for 44.86M common shares. The deal, approved at last week's annual meeting, includes stock warrants representing up to $3.4B of potential equity capital and an increase in authorized preferred shares from 10M to 100M.
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