Super League Buys 16 Bitcoin as Metaplanet Transaction Awaits Closing

Super League Enterprise, Inc. bought 16 Bitcoin (BTC) from Nov. 4 through Nov. 9, extending its treasury purchases while a proposed transaction that would give Metaplanet control remains pending. The Nasdaq-listed company paid about $76,892.32 per Bitcoin. Super League is exploring holding Bitcoin alongside cash and cash equivalents as a treasury asset. The latest purchase was twice the size of its eight-Bitcoin acquisition from Oct. 28 through Nov. 1. That earlier purchase raised Super League’s holdings to 15 BTC. Under the proposed transaction, Metaplanet Holdings, Inc., the U.S. subsidiary of Metaplanet, Inc., would contribute 2,100 BTC and $2.5 million in exchange for Super League shares, preferred shares and warrants. Metaplanet Holdings would hold about 95.7% of Super League’s common stock at closing.

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