Metaplanet to take 93.7% stake in Super League through 2,100 BTC deal
BTC when published $81,831Now $80,568 ▼ −1.54% since it was published
The transaction would give Metaplanet access to US capital markets, where it plans to use preferred stock offerings to finance additional Bitcoin purchases. Shareholders of Super League, a Nasdaq-listed gaming and digital media company, approved a deal that would give Japanese Bitcoin treasury firm Metaplanet a 93.7% ownership stake, paving the way for its expansion into US capital markets through a publicly traded Bitcoin treasury company. According to a Monday announcement and filing with the US Securities and Exchange Commission (SEC), shareholders approved the issuance of as many as 435.9 million common shares under agreements involving Metaplanet and Evo Fund.
First reported by Cointelegraph. This page is a short excerpt; the full text is theirs.
