Holds over 90% controlling stake in Nasdaq-listed Bitcoin treasury company, Metaplanet to inject 2,100 BTC and $2.5 million

Odaily reports: Bitcoin News posted on X that Super League shareholders approved the relevant transaction on October 16. Metaplanet will inject 2,100 BTC and $2.5 million to acquire 44.86 million shares at $3 per share. Upon completion of the transaction, the company will be renamed Superplanet, with its ticker changed to SUPA, and Metaplanet will hold over 90% of the shares during a five-year lock-up period. Superplanet plans to further purchase Bitcoin through the issuance of perpetual preferred stock, and the transaction is expected to be completed in the fourth quarter.