Superplanet targets $16B Bitcoin-backed preferred stock market with Metaplanet’s backing

Share

Metaplanet, the world’s third-largest corporate Bitcoin holder, is acquiring a Nasdaq-listed gaming company, renaming it Superplanet, and launching a Bitcoin-backed preferred stock platform in the US market. The deal involves 2,100 BTC and $2.5 million in cash flowing into Super League Enterprise, giving Metaplanet approximately 95.7% ownership of the renamed entity. The 2,100 BTC, representing roughly 4.9% of Metaplanet’s total holdings, will be locked up for five years as collateral for potential future perpetual preferred stock issuances. Metaplanet has also secured rights to invest up to an additional $210 million in junior preferred stock over 24 months. The transaction, expected to close in Q4 2026, is pending shareholder and regulatory approvals.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles