Super League buys 16 BTC for $1.23m as purchase sizes double

Super League Enterprise has bought 16 Bitcoin for roughly $1.23 million, doubling the size of its previous purchase as it continues building a treasury ahead of a proposed investment from Metaplanet. Super League purchased 16 BTC between Nov. 4 and Nov. 9 at an average of $76,892.32. Disclosed purchases since October total 31 BTC, with a calculated acquisition cost of approximately $2.43 million. Shareholders have approved proposals related to Metaplanet’s planned contribution of 2,100 BTC and $2.5 million. Super League’s Nov. 9 disclosure states that the Nasdaq-listed company acquired the coins between Nov. 4 and Nov. 9 at an average price of $76,892.32 each. The purchases formed part of its exploration of Bitcoin as a treasury asset alongside cash and cash equivalents.

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