Super League Shareholders Approve Metaplanet Deal to Launch US Bitcoin Treasury Firm

Super League shareholders have approved a transaction with Metaplanet to establish a U.S. Bitcoin treasury company rebranded as Superplanet. Metaplanet will contribute 2,100 Bitcoin and $2.5 million in cash, obtaining about 94% of common equity, or approximately 44.86 million shares, alongside preferred stock and warrants subject to a five-year lockup. Superplanet, which will change its ticker from SLE to SUPA, will rank as the 35th-largest corporate Bitcoin holder globally. The deal includes warrants for up to $3.4 billion in equity capital and an option for Metaplanet to invest up to $210 million over 24 months.