Super League buys first Bitcoin ahead of Metaplanet's 2,100 BTC investment

The story so far: Metaplanet takeover of Super League

Super League bought its first Bitcoin on 10 Oct ahead of a planned Metaplanet-linked allotment and rename to Superplanet. On 16 Oct shareholders approved Metaplanet's injection of 2,100 BTC and $2.5m for over 90% of the company. Super League has now bought eight more BTC, lifting its holdings to 15 BTC.

1. 13 Oct 202618:13 UTC

   Super League buys first Bitcoin ahead of Metaplanet's 2,100 BTC investment

   Nasdaq-listed Super League bought its first Bitcoin for $83,041.40 on 10 Oct, per an SEC Form 8-K filed on 13 Oct. It says it is weighing Bitcoin as a treasury asset alongside cash, and after a Metaplanet-linked allotment it will rename itself Superplanet, Inc.

   BitcoinCoinNessAIBullish

2. 20 Oct 202621:30 UTC

   Metaplanet to take over Super League with 2,100 BTC injection

   Super League shareholders approved a deal on 16 Oct under which Metaplanet will inject 2,100 BTC and $2.5m for 44.86 million shares at $3 each, holding over 90% through a five-year lock-up. The company will be renamed Superplanet with the ticker SUPA, and plans to buy more Bitcoin via perpetual preferred shares, with the deal expected to close in the fourth quarter.

   BitcoinOdailyAIBullish

3. 2 Nov 202618:36 UTC

   Super League adds eight BTC to reach 15 BTC in total

   Super League (SLE), the US Bitcoin asset management subsidiary of Metaplanet, has bought eight more BTC, lifting its holdings to 15 BTC, BitcoinTreasuries data shows.

   BitcoinCoinNessAIBullish