superplanet

According to a post by Bitcoin News on the X platform, Super League shareholders approved the relevant transaction on October 16, with Metaplanet injecting 2,100 BTC and 2.5 million USD to acquire 44.86 million shares at a price of 3 USD per share.After the transaction is completed, the company will be renamed Superplanet, and the stock ticker will change to SUPA, with Metaplanet holding over 90% of the shares during a five-year lock-up period. Superplanet plans to further purchase Bitcoin by issuing perpetual preferred shares, with the transaction expected to be completed in the fourth quarter.

According to official news, Metaplanet announced that it will invest 2,100 BTC and 2.5 million USD in cash to acquire approximately 95.7% of the issued shares of Nasdaq-listed company Super League for a total investment of about 134.6 million USD. After the transaction is completed, Super League will be renamed Superplanet, becoming Metaplanet's Bitcoin treasury platform in the United States.Metaplanet currently holds 43,000 BTC.