{"id":25131,"date":"2026-11-10T04:45:02","date_gmt":"2026-11-10T04:45:02","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/11\/10\/super-league-buys-16-bitcoin-for-1-23m-as-purchases-grow\/"},"modified":"2026-11-10T04:45:02","modified_gmt":"2026-11-10T04:45:02","slug":"super-league-buys-16-bitcoin-for-1-23m-as-purchases-grow","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/11\/10\/super-league-buys-16-bitcoin-for-1-23m-as-purchases-grow\/","title":{"rendered":"Super League buys 16 Bitcoin for $1.23m as purchases grow"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/media.crypto.news\/2025\/09\/crypto-news-Corporate-Bitcoin-treasuries-will-drive-BTC-option04.webp\" \/><\/p>\n<div>\n<p class=\"is-style-lead\">Super League Enterprise has bought 16 Bitcoin for roughly $1.23 million, doubling the size of its previous purchase as it continues building a treasury ahead of a proposed investment from Metaplanet.<\/p>\n<div id=\"cn-block-summary-block_a6fdfee9f86a79ed74377a94462489b0\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Super League purchased 16 BTC between Nov. 4 and Nov. 9 at an average of $76,892.32.<\/li>\n<li>Disclosed purchases since October total 31 BTC, with a calculated acquisition cost of approximately $2.43 million.<\/li>\n<li>Shareholders have approved proposals related to Metaplanet\u2019s planned contribution of 2,100 BTC and $2.5 million.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Super League\u2019s Nov. 9 disclosure states that the Nasdaq-listed company acquired the coins between Nov. 4 and Nov. 9 at an average price of $76,892.32 each. The purchases formed part of its exploration of Bitcoin as a treasury asset alongside cash and cash equivalents.<\/p>\n<p>Multiplying the disclosed quantity by the average price puts the purchase cost at $1,230,277.12. The disclosure did not identify the funding source, name a custodian, or provide a consolidated Bitcoin balance.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin purchases grow as entry prices fall<\/h2>\n<p>The latest acquisition followed four earlier purchases disclosed since October, with each successive batch twice the size of the previous one.<\/p>\n<p>An Oct. 13 <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1621672\/000143774926032500\/slgg20261012_8k.htm\" target=\"_blank\">filing<\/a> recorded an inaugural purchase of one Bitcoin on Oct. 10 for $83,041.40. On Oct. 16, Super League bought two more coins at an average of $81,444.82, according to its subsequent <a href=\"https:\/\/ir.superleague.com\/sec-filings\/all-sec-filings\/content\/0001437749-26-032881\/slgg20261016_8k.htm\" target=\"_blank\">disclosure<\/a>.<\/p>\n<p>The company then acquired four Bitcoin between Oct. 22 and Oct. 25 at an average price of $80,581.26. Another eight coins followed between Oct. 28 and Nov. 1, averaging $78,532.14 each, its <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1621672\/000143774926034280\/slgg20261101_8k.htm\" target=\"_blank\">November filing<\/a> shows.<\/p>\n<p>Across the five disclosures, purchases total 31 BTC. Using the reported average prices, the combined acquisition cost works out to approximately $2.43 million, or $78,283.56 per coin.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The latest batch accounts for 51.6% of that cumulative purchase volume. Its average entry price was 7.4% below the first October purchase and 2.1% below the preceding eight-coin batch.<\/p>\n<p>The 31 BTC figure represents purchases recorded in those filings; the Nov. 9 disclosure does not explicitly confirm that amount as the company\u2019s current total holdings.<\/p>\n<h2 class=\"wp-block-heading\">Metaplanet\u2019s proposed contribution remains separate<\/h2>\n<p>A much larger Bitcoin transaction sits behind Super League\u2019s treasury plans. As crypto.news previously reported, Metaplanet agreed in August to <a href=\"https:\/\/crypto.news\/metaplanet-commits-2100-btc-to-launch-us-treasury\/\" target=\"_blank\">contribute 2,100 BTC<\/a> and $2.5 million in cash through its wholly owned US subsidiary.<\/p>\n<p>In exchange, Metaplanet would receive 44,859,400 common shares priced at $3 each, alongside preferred shares and warrants. The companies fixed the common-share count using Bitcoin\u2019s August 14 reference price, so subsequent Bitcoin price changes would not alter that number.<\/p>\n<p>Super League\u2019s Oct. 19 <a href=\"https:\/\/ir.superleague.com\/sec-filings\/all-sec-filings\/content\/0001437749-26-032881\/ex_1027436.htm\" target=\"_blank\">announcement<\/a> said shareholders approved the transaction-related proposals at their Oct. 16 annual meeting. Closing was anticipated in the fourth quarter, subject to customary conditions, including required Nasdaq filings.<\/p>\n<p>Voting results disclosed in the meeting filing show 1,055,621 votes supporting the share-issuance proposal, compared with 25,314 against and 19,343 abstentions. The approval covered the issuance of up to 435,859,500 common shares pursuant to subscription agreements with Metaplanet Holdings and Evo Fund.<\/p>\n<p>The proposed 2,100 BTC contribution is an in-kind transfer: Metaplanet would deliver Bitcoin it already owns. The company\u2019s announcement described the arrangement as establishing the treasury without having to execute open-market purchases.<\/p>\n<p>Once the transaction closes, Super League is expected to become Superplanet and trade under the Nasdaq ticker SUPA. Its advertising and media activation business would continue as a distinct operating segment, with Matt Edelman remaining chief executive.<\/p>\n<p>Super League describes its existing business as connecting brands with gaming audiences through advertising and branded content. Its services include interactive formats, creator content, immersive experiences, and campaign services.<\/p>\n<h2 class=\"wp-block-heading\">US treasury platform would give Metaplanet control<\/h2>\n<p>The August <a href=\"https:\/\/ir.superleague.com\/news-events\/press-releases\/detail\/304\/metaplanet-to-invest-2100-bitcoin-in-super-league-to\" target=\"_blank\">agreement<\/a> projected that Metaplanet would own approximately 95.7% of the company\u2019s outstanding common stock after closing. Assuming exercise of existing pre-funded warrants, the projected stake would be 93.6%.<\/p>\n<p>The companies described the structure as a US Bitcoin treasury platform paired with Metaplanet\u2019s Tokyo-listed business. Superplanet would seek capital in the United States while Metaplanet continued raising funds in Japan, with the subsidiary\u2019s Bitcoin included in the parent\u2019s consolidated financial statements.<\/p>\n<p>Metaplanet would receive 100 convertible perpetual preferred shares carrying governance rights, including the ability to designate a majority of directors. Ten-year warrants would cover up to 381 million common shares, with exercise prices ranging from $3 to $33.50.<\/p>\n<p>The October announcement outlined a further subscription right lasting 24 months after closing. Metaplanet could purchase up to 2.1 million non-convertible junior liquidity preferred shares at a stated value of $100 each, permitting an additional investment of up to $210 million.<\/p>\n<p>Common shares issued to Metaplanet at closing, together with shares received through warrant exercises or preferred-stock conversions, would carry a five-year lock-up, subject to specified exceptions.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/super-league-buys-16-bitcoin-treasury\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Super League Enterprise has bought 16 Bitcoin for roughly $1.23 million, doubling the size of its previous purchase as it continues building a treasury ahead of a proposed investment from Metaplanet. Summary Super League purchased 16 BTC between Nov. 4 and Nov. 9 at an average of $76,892.32. Disclosed purchases since October total 31 BTC, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-25131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/25131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=25131"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/25131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media\/25132"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=25131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=25131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=25131"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=25131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}