Metaplanet to take 93.7% stake in Super League through 2,100 BTC deal
The transaction would give Metaplanet access to US capital markets, where it plans to use preferred stock offerings to finance additional Bitcoin purchases.
Metaplanet will acquire a 93.7% stake in Super League using 2,100 BTC, a deal that gives the Japanese Bitcoin treasury company a route into US capital markets. Metaplanet plans to use preferred stock offerings to finance further Bitcoin purchases. The move signals continued corporate accumulation of BTC and expands Metaplanet's financing capacity, a modestly positive signal for Bitcoin demand and for the company's aggressive treasury strategy.
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45M AGOYou’re reading thisMetaplanet to take 93.7% stake in Super League through 2,100 BTC dealCointelegraph · Score 65
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13 OCT · 17:42Crypto Briefing · Score 25 · via Super League, League