Metaplanet will acquire a 93.7% stake in Super League through a deal involving 2,100 BTC. The Japanese company has accumulated 44,000 BTC, making it the second-largest publicly traded corporate Bitcoin holder behind Strategy. The deal would enable Metaplanet to raise capital in US dollars through preferred stock offerings, complementing its existing yen-denominated financing in Japan. Last week, Metaplanet also announced it would issue $329 million in convertible bonds to pay debt and fund share buybacks.
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