Metaplanet Takes 95.7% of Super League in 2026 Bitcoin Deal

Super League Enterprise, Inc. will be renamed Superplanet, Inc. and become a majority-owned subsidiary of Tokyo-listed Metaplanet, Inc. under a definitive agreement announced Aug. 18, ending the independent public-market life of a company that listed on Nasdaq in 2019 as “a leading amateur esports community and content platform.”

Metaplanet, through a wholly owned Florida subsidiary, will contribute 2,100 bitcoin — valued at approximately $132.1 million — together with $2.5 million in cash, in exchange for 44,859,400 shares of common stock at $3.00 per share, an aggregate investment of approximately $134.6 million for roughly 95.7% of the company. It will also take 100 shares of preferred stock carrying the right to designate a majority of the board, ten-year warrants over a further 381 million shares, and the option to put another $210 million into the company over 24 months. Super League will trade as SUPA and, the announcement said, its “advertising and media activation business, built from more than a decade of serving many of the world’s largest brands, will continue as a distinct operating segment.”

Chief Executive Officer Matthew Edelman will run Superplanet. The board will expand to nine directors, five of them designated by Metaplanet — including Metaplanet Chief Executive Officer Simon Gerovich — alongside four continuing Super League directors. Metaplanet will name the chairman, and its own shares will be locked up for five years.