Super League shareholders approved a deal giving Japanese Bitcoin treasury firm Metaplanet a 93.7% ownership stake. Metaplanet will contribute 2,100 BTC and $2.5 million in cash for 44.86 million common shares, 100 convertible perpetual preferred shares with governance rights, and 10-year warrants, gaining the power to designate a majority of the board. Its common shares face a five-year lock-up. Super League will rebrand as Superplanet under the ticker SUPA and fund Bitcoin purchases mainly through senior non-convertible perpetual preferred shares rather than debt, with Metaplanet able to invest up to $210 million in junior preferred stock. The deal lets Metaplanet raise US-dollar capital, complementing its yen financing; the company already holds 44,000 BTC, second only to Strategy among public corporate holders.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/18/2026 | 82,116.00 |
| Change that session | +0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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