Super League Shareholders Approve Metaplanet Investment and Bitcoin Transfer
Super League stockholders approved proposals tied to Metaplanet’s planned strategic investment. At closing, Metaplanet’s U.S. subsidiary is to transfer 2,100 bitcoin and $2.5 million in cash to Super League, which valued the bitcoin at approximately $132.1 million. The transaction is expected to close in the fourth quarter of 2026.
Super League Enterprise, Inc. (NASDAQ: SLE) stockholders approved all proposals related to Japan-based Metaplanet, Inc.’s (OTC: MTPLF) planned strategic investment on Monday. Under the agreement, Metaplanet Holdings, Inc., Metaplanet’s wholly owned U.S. subsidiary, will transfer 2,100 Bitcoin (CRYPTO: BTC) and $2.5 million in cash to Super League at closing.
Super League valued the Bitcoin at approximately $132.1 million, using its Coinbase Exchange closing price at 4 p.m. New York time on Aug. 14. Once the deal closes, Super League will be renamed “Superplanet, Inc.” and trade on Nasdaq under the ticker symbol “SUPA,” serving as Metaplanet’s U.S.
Bitcoin treasury platform. The transaction is expected to close during the fourth quarter of 2026. Often referred to as “Asia’s Strategy,” Metaplanet is the world’s second-largest corporate holder of Bitcoin, behind Strategy Inc. (NASDAQ: MSTR).
The Tokyo-headquartered company holds 44,000 BTC, valued at $3.59 billion, as of this writing. Bitcoin currently accounts for the majority of Metaplanet’s assets on its Metaplanet’s total market value, including debt and preferred stock, remained below the value of its Bitcoin holdings at the time of writing. Super League gained 0.83% in after-hours trading, according to Pro. The stock finished Monday’s regular session up 6.90% at $4.80.
Edge Stock Rankings show SLE’s price trend was stronger over the short and medium term, but lagged over the long term.