# Metaplanet Secures Approval for 93.7% Stake in Super League to Expand Bitcoin Treasury

- URL: https://stocks.freetheai.org/news/metaplanet-secures-approval-for-93-7-stake-in-super-league-to-expand-bitcoin-c3a350
- Published: 2026-10-19T21:42:09Z
- Category: crypto; sentiment: bullish; impact: high
- Symbols: [NASDAQ:SLE](https://stocks.freetheai.org/symbols/NASDAQ-SLE), [TSE:3350](https://stocks.freetheai.org/symbols/TSE-3350)
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Japanese firm Metaplanet Inc. (TSE:3350) is acquiring a 93.7% controlling stake in Super League Enterprise, Inc. (NASDAQ:SLE) following shareholder approval of the equity transaction. Metaplanet will contribute 2,100 Bitcoin and $2.5 million in cash in exchange for 44.86 million common shares, 100 convertible preferred shares with governance rights, and 10-year warrants. The common shares will be locked up for five years.

The deal allows Metaplanet, which holds approximately 44,000 Bitcoin, to expand its treasury strategy into US capital markets. Super League plans to rename itself Superplanet, adopt the Nasdaq ticker SUPA, and focus on accumulating Bitcoin per share. The company intends to finance future Bitcoin purchases through non-convertible senior perpetual preferred stock rather than traditional debt.

Following completion of the transaction, Metaplanet will appoint a majority of Superplanet's board of directors. Metaplanet also secured rights to invest up to $210 million in junior preferred stock to support future capital needs. In recent trading, Metaplanet fell 1.50% to 263 JPY, while Super League rose 6.90% to $4.8 USD.

## Key points

- Shareholders approved Metaplanet acquiring a 93.7% stake in Super League Enterprise.
- Metaplanet will contribute 2,100 Bitcoin and $2.5 million cash for stock and voting rights.
- Super League will rename to Superplanet and update its Nasdaq ticker symbol to SUPA.
- The company aims to increase Bitcoin holdings per share using preferred stock issuances.
- Metaplanet secured options to invest up to $210 million in junior preferred stock.

## Questions and answers

### What stake is Metaplanet acquiring in Super League?

Metaplanet will acquire a 93.7% stake in Super League Enterprise by contributing 2,100 Bitcoin and $2.5 million in cash.

### What will Super League change its name and ticker to?

Super League plans to change its name to Superplanet and its Nasdaq ticker symbol to SUPA.

### How will Superplanet fund additional Bitcoin purchases?

Superplanet plans to issue non-convertible senior perpetual preferred stock, supported by up to $210 million in junior preferred stock from Metaplanet.