Japan's Metaplanet launching U.S. bitcoin treasury company through $135 million nanocap deal

Tokyo-listed Metaplanet is expanding its Bitcoin treasury strategy into the US market through a deal valued between $132 million and $135 million. The firm will seed the Nasdaq-listed gaming media company Super League, which will be renamed Superplanet and trade as SUPA. This strategic move involves allocating 2,100 BTC to the entity, providing Metaplanet a foothold in US capital markets by utilizing existing Bitcoin holdings rather than making additional purchases to fund the venture.