Metaplanet Acquires Super League for $134.6M in Bitcoin-Funded Deal

Metaplanet has made headlines by acquiring a controlling stake in Super League Enterprise, a Nasdaq-listed gaming and media company, for approximately $134.6 million. The deal involves the transfer of 2,100 Bitcoin, valued at around $132.1 million, alongside $2.5 million in cash.

Following the announcement, Super League's stock surged, with shares climbing from about $3.00 to between $6 and $7 during intraday trading, reflecting gains of over 100%.

Once the acquisition closes in Q4 2026, Metaplanet will own about 95.7% of Super League's common stock, which will be rebranded as Superplanet, Inc. and trade under the ticker SUPA. The deal includes a five-year lockup period for Metaplanet's equity holdings and protective board control rights through preferred stock.

Metaplanet's strategy mirrors that of MicroStrategy, which has been known for its aggressive Bitcoin treasury strategy. However, Metaplanet distinguishes itself by using its Bitcoin holdings to acquire operating companies rather than relying on debt instruments.

Additionally, Metaplanet has plans to tap into the U.S. preferred stock market with Bitcoin-backed securities, aiming to compete in a market valued at $16 billion. This strategic move not only enhances Metaplanet's presence in the U.S. capital markets but also positions it to access a broader range of investors.