Metaplanet Injects 2,100 BTC into Super League

On August 18, Metaplanet will inject 2,100 BTC, valued at approximately $132 million, into Super League, a Nasdaq-listed company, along with an additional $2.5 million in cash. Super League will be renamed "Superplanet," and its stock ticker is expected to change to SUPA. After the transaction is completed, Metaplanet is expected to hold about 95.7% of Superplanet's shares, creating a Bitcoin treasury platform listed in the United States to leverage the U.S. capital markets for financing. Superplanet plans to enter the digital credit market by issuing perpetual preferred shares denominated in U.S. dollars for financing, and will use the raised funds to further acquire Bitcoin, while relying on dollar reserves and operating cash flow to support dividend payments. Metaplanet stated that this strategy aims to increase the amount of BTC corresponding to each share of Superplanet and to enhance the Bitcoin holdings corresponding to each share of Metaplanet at the group level. This structure will establish two major publicly listed Bitcoin treasury platforms under the group in Japan and the United States, respectively, continuously increasing BTC holdings through the capital markets in both regions.