According to a post by Bitcoin News on the X platform, Super League shareholders approved the related transaction on October 16. Metaplanet will inject 2,100 BTC and $2.5 million to acquire 44.86 million shares at a price of $3 per share. After the transaction is completed, the company will be renamed Superplanet, with the stock code changing to SUPA, and Metaplanet will hold over 90% of the shares during a five-year lock-up period. Superplanet plans to further purchase Bitcoin by issuing perpetual preferred shares, with the transaction expected to be completed in the fourth quarter.
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