Metaplanet to acquire Superplanet in $134.6M Bitcoin-funded deal, stock surges ahead of Q4 2026 close

Metaplanet just wrote one of the more creative checks in recent corporate history: 2,100 Bitcoin and $2.5 million in cash to acquire a controlling stake in Super League Enterprise, a Nasdaq-listed gaming and media company. The total deal is valued at approximately $134.6 million, with the Bitcoin portion alone worth roughly $132.1 million at current prices. Super League’s stock responded the way you’d expect when a company suddenly becomes a vessel for one of the most aggressive Bitcoin treasury strategies on the planet. Shares surged from a previous close near $3.00 into the $6 to $7+ range during intraday trading, representing gains between 50% and over 100%. The deal structure Metaplanet, which trades on the Tokyo Stock Exchange under ticker 3350, is executing the acquisition through its US subsidiary. When the transaction closes, targeted for Q4 2026, Metaplanet will own approximately 95.7% of Super League’s common stock. If you account for pre-funded warrants being exercised, that figure dips slightly to around 93.6%. As part of the deal, Super League will rebrand as Superplanet, Inc. and begin trading under the ticker SUPA on Nasdaq. The company will continue its existing ope...