Crypto18 August, 20263 min read
Metaplanet Plans Superplanet Takeover With 2,100 Bitcoin and $2.5 Million Cash
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Metaplanet to gain ~95.7% stake in Super League Enterprise for about $134.6 million Transaction contributes 2,100 Bitcoin and $2.5 million cash to the target, treasury move
Metaplanet buys control
Metaplanet, the Tokyo-listed company that has adopted Bitcoin as its primary treasury reserve asset, plans to take a controlling stake in Nasdaq-listed Super League Enterprise by contributing 2,100 Bitcoin and $2.5 million in cash. TradingView reported that Metaplanet CEO Simon Gerovich said the company will contribute 2,100 Bitcoin (BTC) and $2.5 million in cash to Super League, which will be renamed Superplanet and become the company’s US Bitcoin treasury platform. Blockonomi said Metaplanet shares increased 5.07% after the announcement, and it described the acquisition as giving Metaplanet 95.7% controlling interest through a 2,100 BTC contribution valued at $132.1 million.
Blockonomi also said the acquired entity will rebrand as Superplanet and maintain 2,100 BTC treasury post-closure, while Metaplanet’s parent company maintains consolidated 43,000 BTC holdings across a dual-market structure. The deal is expected to close in the fourth quarter of 2026, subject to customary closing conditions including approval from Super League shareholders, according to TradingView.
Deal mechanics and market
TradingView said the transaction would not represent a new BTC purchase because the Bitcoin will come from Metaplanet’s existing treasury, and it described the structure as giving the group two avenues for raising capital, with Superplanet tapping US markets while Metaplanet continues to raise funds in Japan. CryptoPotato reported that the transaction will transform the Nasdaq-listed entity into Superplanet and become a US Bitcoin treasury platform operating under the ticker SUPA, and it said Metaplanet is expected to control approximately 95.7% of the company’s common stock and voting power following the deal. CryptoPotato also quoted the investor presentation describing the structure as “two listed issuers, two currencies, in two of the world’s largest capital markets.”
TradingView added that Super League Enterprise’s shares surged more than 50% following the announcement, with trading volume reaching roughly 37.3 million shares compared with about 393,000 shares previously, according to Yahoo Finance data. Blockonomi said the consideration includes a package of common stock, preferred securities, and equity warrants from Super League, and it specified that Super League agreed to issue 44,859,400 common shares priced at $3 each to Metaplanet.
Warrants, dilution, and timing
Blockonomi said Metaplanet’s ownership will represent approximately 95.7% of total common equity outstanding once all conditions close, and it described the transferred Bitcoin as staying within the combined corporate structure following deal completion. Blockonomi also said the package includes warrants providing rights to acquire up to 381 million common shares, with a ten-year duration and strike prices spanning from $3 through $33.50. Stock Titan said the definitive agreement would have Super League renamed “Superplanet, Inc.” with ticker SUPA, and it reported that Metaplanet’s U.S. subsidiary will contribute 2,100 Bitcoin (about $132.1 million) plus $2.5 million in cash in exchange for 44,859,400 new common shares at $3.00 per share.
Stock Titan further stated that Metaplanet is expected to own about 95.7% of common stock (93.6% assuming exercise of pre‑funded warrants), and it said existing Super League shareholders would be diluted to about 4.3% aggregate ownership post-closing (6.4% assuming pre-funded warrants exercised). TradingView said the deal is expected to close in the fourth quarter of 2026, subject to approval from Super League shareholders, and it added that capital raised by either company could support the group’s broader Bitcoin treasury strategy.