Metaplanet will inject 2,100 BTC and 2.5 million USD, holding over 90% of the publicly listed Bitcoin treasury company on NASDAQ

According to a post by Bitcoin News on the X platform, Super League shareholders approved the relevant transaction on October 16, with Metaplanet injecting 2,100 BTC and 2.5 million USD to acquire 44.86 million shares at a price of 3 USD per share.

After the transaction is completed, the company will be renamed Superplanet, and the stock ticker will change to SUPA, with Metaplanet holding over 90% of the shares during a five-year lock-up period. Superplanet plans to further purchase Bitcoin by issuing perpetual preferred shares, with the transaction expected to be completed in the fourth quarter.