Metaplanet launches US Bitcoin treasury company via Super League acquisition

SLE +6.90% STRC +0.92%

1. 1Metaplanet invests 2,100 Bitcoin and $2.5 million in cash into Super League to establish new entity Superplanet
2. 2Acquires 95.7% stake for $134.6 million (at $3.00 per share), ticker SUPA, acquired shares locked up for 5 years
3. 3Opens a perpetual preferred share financing channel in the US—a vehicle unavailable in Japan—to expand its Bitcoin treasury

Source BeInCrypto +2 · View original ↗

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