Super League Adds 4 More Bitcoin Ahead of Becoming Metaplanet Subsidiary

Nasdaq-listed gaming media and advertising company Super League Enterprise has been revealed to have purchased 4 additional Bitcoin (BTC) between October 22 and 25. The average purchase price per BTC was approximately $80,581.26 (approximately ¥13 million). The purchases were disclosed in documents filed with the US Securities and Exchange Commission (SEC) dated October 26.

The company made its first Bitcoin purchase on October 10, acquiring 1 BTC at $83,041.40 (approximately ¥13 million), making this its second round of buying. The company said the purchases are part of its consideration of Bitcoin as a treasury asset alongside cash and cash equivalents.

Following disclosure of the additional purchase, the company's share price closed 3.08% lower than the previous trading day on the US market on October 26. The move indicated that expanding Bitcoin holdings does not necessarily support the share price.

Note: Yen conversion of purchase prices calculated at 1 BTC = approximately ¥13 million

Regarding Super League, Tokyo Stock Exchange-listed Metaplanet plans to invest through a wholly owned US subsidiary. Under the transaction terms announced on August 18, Metaplanet will contribute 2,100 BTC in Bitcoin as an in-kind contribution, along with $2.5 million (approximately ¥390 million) in cash.