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Super League Acquires 16 Bitcoin for $1.23 Million Ahead of Metaplanet Deal

Super League Enterprise has expanded its corporate Bitcoin treasury to 31 BTC, spending roughly $2.43 million across five tranches since October. Its latest purchase saw the acquisition of 16 BTC for approximately $1.23 million between November 4 and November 9 at an average price of $76,892.32 per coin, doubling its previous 8 BTC buy. The accumulation comes as the company awaits the fourth-quarter closing of a transaction with Metaplanet, which will contribute 2,100 BTC and $2.5 million in cash for an approximate 95.7% controlling stake, rebranding the firm as Superplanet under ticker SUPA.

Category

Bitcoin

Sentiment

Bullish

Event

Analyst flows

Reading time

1 min