Metaplanet takes control of Nasdaq's Super League to build a US bitcoin arm
Metaplanet takes control of Nasdaq's Super League to build a US bitcoin arm Japan’s Metaplanet, the country’s largest corporate bitcoin holder, is taking a 95.7% controlling stake in Nasdaq-listed Super League Enterprise to launch a US bitcoin treasury platform. The $134.6 million deal is funded mostly in bitcoin: 2,100 BTC worth about $132 million plus $2.5 million in cash, just under 5% of Metaplanet's roughly 43,000 BTC. Super League will be renamed Superplanet and consolidated as a subsidiary anchoring Metaplanet's US strategy. CEO Simon Gerovich said a small team had been working on the…
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