Metaplanet to Take Nearly 96% of Super League in a $134. 6 Million Bitcoin and Cash Deal - Unchained
Metaplanet is seeding a Nasdaq-listed bitcoin treasury platform called Superplanet with 2,100 BTC from its own balance sheet and a five-year lockup. Original Image Credits: Gage Skidmore / flickr. com . . .
Metaplanet is seeding a Nasdaq-listed bitcoin treasury platform called Superplanet with 2,100 BTC from its own balance sheet and a five-year lockup. Original Image Credits: Gage Skidmore / flickr. comPosted August 19, 2026 at 6:40 am EST. Metaplanetagreed Tuesday to turn a Nasdaq-listed gaming media company into its U. S. bitcoin treasury vehicle, contributing2,100 BTCand cash toSuper League Enterprisein a deal valued at roughly$134. 6 million. Super League will be renamedSuperplanetand trade under the tickerSUPAat closing, becoming a consolidated subsidiary of the Tokyo-listed parent. Metaplanet, acting through its U. S. subsidiary Metaplanet Holdings, will hand over bitcoin worth about$132. 1 millionplus$2. 5 millionin cash for 44,859,400 common shares at $3. 00 each, 100 shares of convertible perpetual preferred that carry the right to designate a majority of the board, and ten-year warrants for up to 381 million shares struck between $3. 00 and $33. 50. That leaves Metaplanet with approximately95. 7%of outstanding common stock, or 93. 6% assuming exercise of existing pre-funded warrants. A 24-month subscription right allows up to $210 million more via junior liquidity preferred stock. The transaction is expected to close in the fourth quarter, subject to a Super League stockholder vote. This story is an excerpt from theUnchained Daily newsletter. Subscribe here to get these updates in your email for freeMetaplanet’s shares carry a five-year lockup, and its entire economic interest ranks junior to any preferred stock Superplanet issues later. Super League shares surged as much as140%from its close on Monday before settling to close around 80% higher, while Metaplanet gained a little over 4% before shedding it all. Superplanet plans to use its bitcoin as collateral for perpetual preferred issuance, servicing dividends partly with operating income from the gaming advertising business, which continues as a separate segment. CEOMatthew Edelmanstays on to run Superplanet, with five of nine board seats going to Metaplanet designees including CEOSimon Gerovich. Metaplanet held43,000 BTCas of Tuesday, making it thethird-largest corporate holderbehind Strategy and Twenty One Capital, so the contribution is under 5% of the stack. The move extends a build-out that already includes Japanese brokerage Siiibo Securities and a plan for bitcoin-backed fixed-income products. Metaplanet is among the treasury companies that haveturned to dividend-paying preferred sharesas crypto prices stay under pressure. Related Listen:How the Strategy Empire Breaks, and Whether Saylor Can Stop ItAI-assisted content:This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.