Metaplanet’s Super League raises $2.3M through ATM offering as Bitcoin treasury expansion takes shape

Super League Enterprise, the US subsidiary that Metaplanet is in the process of acquiring, has raised $2.3 million through an at-the-market (ATM) offering. The capital raise comes as the two companies move toward completing a deal that would give Metaplanet a dominant foothold in US capital markets through a dedicated Bitcoin treasury vehicle. The ATM offering, a mechanism that lets companies sell shares incrementally at prevailing market prices rather than in a single large block, is a relatively modest raise on its own. But it fits into a much larger picture involving one of Asia’s most aggressive corporate Bitcoin accumulators and its ambitions to plant a flag on Nasdaq. The bigger deal behind the raise Metaplanet, listed on the Tokyo Stock Exchange under ticker 3350, has agreed to acquire a controlling stake in Super League for approximately $134.6 million. The deal structure is unusual: Metaplanet is contributing 2,100 BTC, valued at roughly $132.1 million based on the August 14, 2026 Coinbase closing price, plus $2.5 million in cash. When the transaction closes, expected in Q4 2026, Metaplanet will own approximately 95.7% of Super League’s common stock. The company will then ...