Metaplanet expands Bitcoin treasury strategy to US with 2,100-BTC Nasdaq play
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- Metaplanet will contribute 2,100 BTC (~$135M) and $2.5M cash to take a controlling stake in Nasdaq-listed Super League Enterprise, which will be renamed Superplanet and operate as the company's US Bitcoin treasury arm.
- The 2,100 BTC represents just under 5% of Metaplanet's 43,000 BTC holdings and comes from existing treasury reserves, meaning the deal involves no new Bitcoin purchases — Metaplanet's first BTC-side move since an early July addition.
- Super League Enterprise (SLE) shares surged more than 50% on the announcement, with trading volume jumping nearly 95-fold to roughly 37.3 million shares from about 393,000.
- The transaction is expected to close in the fourth quarter of 2026, subject to Super League shareholder approval and customary closing conditions.
- CEO Simon Gerovich said the structure creates two capital-raising paths — Superplanet tapping US markets while Metaplanet continues fundraising in Japan — and Superplanet could pursue US-only Bitcoin treasury acquisitions unavailable to the Japanese parent.
- Twenty One Capital, backed by Tether, Bitfinex and SoftBank, sits as the second-largest corporate Bitcoin holder roughly 500 BTC ahead of Metaplanet, while Michael Saylor's Strategy leads with more than 840,000 BTC.
Why it matters: By contributing existing Bitcoin rather than new purchases, Metaplanet converts its treasury into a cross-border fundraising engine — Japan-side and US-side capital channels. The 95-fold SLE volume spike reflects strong retail demand for a US Bitcoin treasury vehicle, though shareholders wait until Q4 2026 for the deal to close.
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