Shareholders of Super League have approved Metaplanet's plan to set up a U.S. Bitcoin treasury company, which will be renamed Superplanet. The Japan-based firm will own more than 93% of Superplanet's common stock and will put 2,100 BTC and cash into the new entity.
The vote clears the last formal hurdle for a structure that effectively plants Metaplanet's balance-sheet strategy on American soil under a separate listing.
What shareholders actually voted on
The proposal came from Metaplanet itself, and Super League's investor base signed off. That approval was the gating item: without it, there was no path to converting the U.S. shell into a Bitcoin treasury vehicle controlled by the Tokyo parent.
The terms are lopsided by design. Metaplanet isn't taking a minority stake or a joint-venture slice. It's taking more than 93% of the common stock, which leaves a thin float for outside holders in Superplanet and keeps decision-making firmly in Tokyo.
The 2,100 BTC transfer
Metaplanet is contributing 2,100 BTC along with cash. That's the operational core of the deal — the new U.S. entity starts life with an actual Bitcoin position rather than a promise to buy one later.
Why route the coins through a separately named U.S. company instead of holding them at the parent? The facts don't spell out the reasoning. What's clear is the structure: Metaplanet remains the controlling shareholder, Superplanet becomes the U.S.-facing treasury outfit, and the Bitcoin moves with the deal.
A Japanese treasury firm, American wrapper
Metaplanet has built its identity around accumulating Bitcoin as a corporate treasury asset. Superplanet extends that playbook into the U.S. market under a different corporate name and a different shareholder register.
The rebrand matters for how the entity is perceived. Super League shareholders are now holders in a company called Superplanet, majority-owned by a Japanese Bitcoin treasury firm, with a BTC-heavy balance sheet from day one.
What's left to sort out
The approval is in. The next concrete step is the mechanics: the renaming of the U.S. entity to Superplanet, the transfer of the 2,100 BTC and cash, and the issuance of common stock that leaves Metaplanet above the 93% threshold.
The facts don't give a closing date, and they don't say how Superplanet's shares will trade or whether any public float will be maintained beyond the minority slice. Those are the open items now that shareholders have said yes.
