Super League Shareholders Approve Metaplanet's 2,100 BTC Investment to Create U.S. Bitcoin Treasury Firm Superplanet
Super League shareholders voted to approve Metaplanet's 2,100 BTC and $2.5M cash investment, giving the Japanese firm a 93.7% stake and transforming the Nasdaq-listed company into Superplanet, a U.S. Bitcoin treasury platform.
Why it matters
The approval gives Metaplanet a Nasdaq-listed vehicle to compete with Strategy (formerly MicroStrategy) for U.S. investor capital through Bitcoin-backed preferred stock offerings, though Strategy holds roughly 400 times more Bitcoin. The deal represents a rare instance of a Japanese crypto treasury firm acquiring control of a U.S. public company to access American capital markets.
Where the sources disagree
Figures that do not reconcile
Found by comparing the numbers in the reports automatically. They are differences, not yet confirmed to be about the same thing.
reported value
$132.1 million
Bitcoin.com News
$170.0 million
Altcoin Buzz
Bitcoin.com News reports $132.1 million, Altcoin Buzz reports $170.0 million (22% apart).
reported value (approximately)
$132.1 million
Bitcoin.com News
$170 million
CryptoSlate
Bitcoin.com News reports $132.1 million, CryptoSlate reports $170 million (22% apart).
reported value
$170.0 million
Altcoin Buzz
$132.1 million
CryptoSlate
Altcoin Buzz reports $170.0 million, CryptoSlate reports $132.1 million (22% apart).
Key facts
Super League shareholders approved Metaplanet's proposal to invest 2,100 BTC and $2.5 million cash at the October 16 annual meeting
2,100 BTCReported by CoinGape
Metaplanet will receive a 93.7% ownership stake in Super League at closing
93.7 %Reported by CoinGape
Super League will be renamed Superplanet Inc. and trade on Nasdaq under ticker SUPA after closing
Reported by CoinGape
Metaplanet receives 44,859,400 common shares at $3.00 per share plus preferred stock and warrants
44,859,400 sharesReported by Crypto News Flash
The 2,100 BTC was valued at approximately $132.1 million on August 14 and approximately $170 million on October 16
2,100 BTCDisputed figureReported by Bitcoin.com News
Authorized preferred shares increased from 10 million to 100 million
100 millionReported by Crypto News Flash
Closing is expected in the fourth quarter of 2026 pending customary conditions and Nasdaq Capital Market filings
Reported by Crypto News Flash
The principal issuance proposal received 1.06 million votes in favor and 25,314 votes opposed
1,060,000 votesReported by CryptoSlate
What happened
Shareholders of Nasdaq-listed Super League Enterprise approved all proposals tied to Metaplanet's investment at their October 16 annual meeting, results disclosed October 19. Metaplanet will contribute 2,100 BTC and $2.5 million in cash through its U.S. subsidiary Metaplanet Holdings in exchange for 44.86 million common shares at $3 each, 100 convertible perpetual preferred shares with governance rights, and ten-year warrants for up to 381 million additional shares. The transaction values the Bitcoin at approximately $170 million as of October 16, up from $132.1 million at the August 14 reference price. Upon closing, expected in Q4 2026 pending Nasdaq requirements and customary conditions, Super League will rename to Superplanet Inc. and trade under ticker SUPA. Metaplanet CEO Simon Gerovich said the move provides direct access to U.S. capital markets. Matt Edelman will remain CEO and the existing advertising and media business will continue as an operating segment. The principal issuance proposal passed with 1.06 million votes in favor against 25,314 opposed.
How the story developed
- Official statement
Super League annual meeting held
Shareholders vote on all proposals tied to Metaplanet investment
- Official statement
Vote results disclosed via SEC filing and company announcement
Super League announces shareholder approval of all proposals
- First report
First report by CoinGape
Super League Shareholders Approve Metaplanet’s Proposal To Launch U.S. Bitcoin Treasury Firm
- Independent corroboration
Independently corroborated by Crypto News Flash
Metaplanet Wins Vote to Rival Strategy for U.S. Bitcoin Capital
- Resolution
Expected transaction closing
Deal expected to close in Q4 2026 pending Nasdaq requirements and customary conditions
- Update
Definitive agreement announced
Metaplanet and Super League announce the 2,100 BTC investment deal
- Official statement
Official statement from Bitcoin.com News
Metaplanet Turns an Esports Veteran Into a Bitcoin Treasury Giant
- Update
Reference price established for Bitcoin valuation
Bitcoin reference price set at Coinbase closing price on August 14
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 19 Oct 2026, 13:20 UTC: CoinGape — 1 independent source, 1 reports
- 19 Oct 2026, 16:04 UTC: Crypto News Flash — 2 independent sources, 2 reports
- 19 Oct 2026, 16:41 UTC: Cointelegraph — 3 independent sources, 3 reports
- 19 Oct 2026, 19:32 UTC: Bitcoin Magazine — 4 independent sources, 4 reports
- 20 Oct 2026, 03:30 UTC: Bitcoin.com News, official — 5 independent sources, 5 reports
- 20 Oct 2026, 07:06 UTC: Altcoin Buzz — 6 independent sources, 6 reports
- 20 Oct 2026, 12:50 UTC: CryptoSlate — 7 independent sources, 7 reports
- 20 Oct 2026, 16:10 UTC: NewsBTC — 8 independent sources, 8 reports
Affected entities
Also mentioned: Base, Bitfinex, Coinbase, Michael Saylor
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | Metaplanet Turns an Esports Veteran Into a Bitcoin Treasury Giant | Independent | |
| CoinGape Crypto media | Super League Shareholders Approve Metaplanet’s Proposal To Launch U.S. Bitcoin Treasury Firm | Original | |
| Cointelegraph Crypto media | Metaplanet to take 93.7% stake in Super League through 2,100 BTC deal | Independent | |
| Bitcoin Magazine Crypto media | Super League Stockholders Approve Metaplanet’s 2,100 BTC Investment, Paving Way for ‘Superplanet’ | Independent | |
| CryptoSlate Crypto media | Super League shareholders approve Metaplanet’s 2,100 BTC investment | Independent | |
| NewsBTC Crypto media | Metaplanet Bitcoin Investment Clears Super League Shareholder Vote | Independent | |
| Crypto News Flash Crypto media | Metaplanet Wins Vote to Rival Strategy for U.S. Bitcoin Capital | Independent | |
| Altcoin Buzz Crypto media | Super League Holders Approve Metaplanet's 2,100 BTC Investment | Independent |
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