Since April, a small team inside Metaplanet has been working on something we could not talk about. Today it is public. Metaplanet is taking a controlling stake in Super League Enterprise (Nasdaq: SLE). At closing it will be renamed Superplanet, our U.S. Bitcoin treasury platform, seeded with 2,100 BTC... of our own Bitcoin and consolidated into our group. Here is what it means. In two years, Metaplanet became one of the largest corporate Bitcoin treasuries in the world, listed in Japan and backed by shareholders around the world, from Japanese retail investors to global institutions. Every decision has run through one question: does it increase Bitcoin per share? This one is no different. America is the deepest capital market in the world, and it is home to something that exists nowhere else at such scale: investors who fund Bitcoin treasury companies with permanent capital, no maturity, no repayment, no dilution of common shareholders. Until now, our group had no way to issue into that market. Superplanet gives us a direct presence in it. So the strategy now runs on two engines. Superplanet raises in America. Metaplanet raises in Japan. Both feed a single Bitcoin position that never leaves the group. When Superplanet raises capital without adding common shares, Bitcoin per share rises there and at Metaplanet at the same time. Two markets, two currencies, two investor bases, one balance sheet compounding. The platform opens doors in both directions. Superplanet can acquire in the U.S. Bitcoin treasury sector in ways not available to a Japanese parent. And in time, subject to laws and regulations, our securities arm may bring Superplanet securities to investors in Japan. We seeded this investment with less than 5% of our Bitcoin, with the ability to contribute much more as the platform grows. And we structured it the way long-term owners should: we invested at the market price, no discounts, no special terms, locked up every share for five years, and ranked our entire position behind the investors who will fund Superplanet's future. Our capital, our balance sheet, and everything we have learned building Metaplanet stand behind this platform. Super League brings a Nasdaq listing and a decade of relationships with many of the world's largest brands across gaming, an audience that understood digital value before most of the world did. There is real chemistry between that community and what we are building. Closing is expected in Q4 2026, subject to customary closing conditions, including Super League stockholder approval. Japan gave us our foundation. America gives us our second engine. One Bitcoin position, compounding through the world's two deepest capital markets.show more

Simon Gerovich

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