Japan’s Metaplanet, the country’s largest corporate bitcoin holder, is taking a 95.7% controlling stake in Nasdaq-listed Super League Enterprise to launch a US bitcoin treasury platform.

The $134.6 million deal is funded mostly in bitcoin: 2,100 BTC worth about $132 million plus $2.5 million in cash, just under 5% of Metaplanet's roughly 43,000 BTC. Super League will be renamed Superplanet and consolidated as a subsidiary anchoring Metaplanet's US strategy. CEO Simon Gerovich said a small team had been working on the move since April.

Expected to close late this year pending regulatory approvals, the deal gives Metaplanet a Nasdaq-listed vehicle to run its aggressive bitcoin accumulation directly in the US market, echoing the treasury-company playbook popularized by Strategy.

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