Metaplanet acquires 93.7% stake in Super League with 2,100 BTC deal

Metaplanet, a Japanese Bitcoin treasury firm, will acquire a 93.7% stake in Nasdaq-listed Super League Gaming after shareholders approved the issuance of 435.9 million common shares. In exchange, Metaplanet will contribute 2,100 Bitcoin and $2.5 million in cash. The transaction values the company at a level that gives Metaplanet board control and allows Super League to rebrand as Superplanet and trade under the ticker SUPA, with a strategy focused on increasing its Bitcoin holdings per share.