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Metaplanet is expanding into the United States through a major Bitcoin-backed deal with Super League Enterprise. The Japanese company will contribute 2,100 BTC and $2.5 million in cash under the agreement. Meanwhile, Super League shares surged after the companies disclosed the planned transaction.

Metaplanet Takes Controlling Stake in Super League

Metaplanet will invest in its wholly owned U.S. subsidiary, Metaplanet Holdings. The transaction will give Metaplanet about 95.7% of Super League’s outstanding common shares. Super League will then adopt the Superplanet name and plans to trade under the ticker SUPA.

The agreement values the common shares issued to Metaplanet at $3 each. Metaplanet will also receive preferred shares and warrants as part of the transaction. Furthermore, the Japanese company will nominate five members to Superplanet’s nine-member board.

Super League’s existing operating business will remain active after the proposed transaction closes. However, Metaplanet will provide balance-sheet support and experience in raising capital through public markets. The shares received by Metaplanet will also remain subject to a five-year lockup period.

Superplanet Targets US Bitcoin Treasury Market

Superplanet will operate as a U.S.-based Bitcoin treasury company while retaining Super League’s current operations. The structure gives Metaplanet access to American capital markets alongside its existing fundraising operations in Japan. Therefore, both companies can pursue separate funding strategies while operating under a consolidated structure.

Metaplanet plans to use Superplanet to support further Bitcoin accumulation through U.S. financing channels. The strategy could include perpetual preferred shares, which can raise capital without issuing additional common stock. As a result, the structure aims to increase Bitcoin holdings per common share across both entities.

Metaplanet currently holds 43,000 BTC and ranks among the largest listed corporate Bitcoin holders globally. The company has also expanded its operations as Bitcoin became a central part of its treasury strategy. During the first half of 2026, revenue increased by 133.7%, while operating profit rose by 136.3% from the previous year.

SLE and Metaplanet Stocks Rise After Announcement

Super League Enterprise shares jumped more than 85% to $5.66 on Tuesday after the transaction became public. The sharp move reflected an immediate market response to the planned Bitcoin treasury transformation. Meanwhile, the proposed $3 transaction price remained below the stock’s post-announcement market level.

Metaplanet shares also gained 5.07% and closed at 228 Japanese yen during Tuesday trading. The stock moved between 224 yen and 238 yen during the session. However, trading activity remained below its average volume of about 22 million shares.

Bitcoin also traded above $64,000 as the companies announced their proposed transaction. The cryptocurrency traded between $63,532 and $64,515 over the past 24 hours. Meanwhile, Bitcoin trading volume increased 19%, reflecting stronger market activity during the session.

The transaction remains subject to customary closing requirements and approval from Super League stockholders. Both companies expect to complete the deal during the fourth quarter of 2026. Once completed, Superplanet will provide Metaplanet with a listed U.S. platform focused on expanding its Bitcoin treasury strategy.

Cypherpunk Technologies is expanding its footprint in the Zcash ecosystem, launching what it says is the world’s largest Zcash mining operation after acquiring a mining fleet from Winklevoss Capital, signaling growing institutional interest in the privacy-focused network.

Cypherpunk said Tuesday that it acquired the fleet through an equity-based transaction valued at $33.33 million. The mining operation is already online at facilities across the United States, producing roughly 4.2 GSol/s, or about 18% of the Zcash network’s current hashrate.

If the company’s figures are accurate, the transaction gives a single publicly traded company a significant share of Zcash’s mining capacity.

The expansion adds mining to Cypherpunk’s existing Zcash holdings, which currently stand at 323,394 ZEC, representing about 1.9% of the cryptocurrency’s circulating supply. The company has set a target of eventually holding 5% of the ZEC supply.

Cypherpunk has pitched Zcash mining as offering more attractive economics than Bitcoin mining or AI data center workloads at current market conditions. However, those economics depend heavily on factors including ZEC’s price, network hashrate, mining difficulty and operating costs.

The push follows a sharp rise in ZEC during the second half of 2025, when renewed interest in privacy-focused cryptocurrencies helped propel the asset higher. The rally brought greater attention to Zcash and other privacy-preserving technologies after years of comparatively muted market interest.

Despite its correction, Zcash (ZEC) is up more than 1,300% over the past 12 months. Source: CoinMarketCap

Related: Zcash’s Ironwood upgrade faces possible delay over infrastructure readiness

Ironwood upgrade addresses risk in Zcash shielded pool

The Zcash network underwent its Ironwood upgrade on July 28, introducing a new shielded transaction protocol to replace the Orchard pool and improve the network’s security architecture.

The upgrade followed the discovery of a flaw affecting Orchard that, under certain conditions, could have allowed an attacker to create counterfeit ZEC within the shielded pool without immediate detection.

While there was no evidence the vulnerability had been exploited, the potential for undetected ZEC creation posed a risk to the integrity of the cryptocurrency’s supply and highlighted the security challenges associated with privacy-preserving transactions.

Related: Crypto Biz: The cost of stacking sats

Tokyo-listed corporate Bitcoin investor Metaplanet says it will expand its Bitcoin treasury playbook into the United States through a proposed controlling stake in Nasdaq-listed Super League Enterprise—an acquisition plan framed as a way to unlock additional capital channels for its existing strategy.

According to comments from Metaplanet CEO Simon Gerovich, the company plans to contribute 2,100 Bitcoin and $2.5 million in cash to Super League Enterprise. The target company is expected to be renamed Superplanet and positioned as Metaplanet’s US Bitcoin treasury platform. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions, including approval from Super League shareholders.

Key takeaways

• Metaplanet plans to supply 2,100 BTC and $2.5 million to take control of Super League Enterprise, which would become Superplanet.
• The BTC transfer would come from Metaplanet’s existing treasury, meaning it is not described as a fresh Bitcoin purchase.
• Metaplanet says the structure creates two funding pathways: Superplanet could raise capital in US markets while Metaplanet continues fundraising in Japan.
• Superplanet may also pursue US acquisitions in the Bitcoin treasury space that Metaplanet cannot access directly from Japan.
• Super League’s shares jumped after the announcement, with trading activity surging sharply, according to Yahoo Finance data.

A US platform built from an existing Bitcoin war chest

Gerovich’s plan centers on converting a portion of Metaplanet’s current holdings into US corporate control. Metaplanet reportedly holds about 43,000 BTC, and the proposed 2,100 BTC contribution represents just under 5% of that balance. Based on the article’s cited valuation at current Bitcoin prices, the transferred BTC is worth roughly $135 million.

Importantly for investors watching treasury risk and capital efficiency, Metaplanet says the Bitcoin used in the deal would be sourced from its existing treasury. That detail matters because it distinguishes the transaction from a strategy that requires immediately buying more BTC—at least for the initial funding of the US platform.

The financing concept is also designed to be flexible. Gerovich indicated that the resulting group structure would allow both entities to contribute to the broader Bitcoin treasury agenda, with capital raised by either company potentially supporting further accumulation over time. Superplanet would operate as the US vehicle, while Metaplanet remains the Japan-listed parent.

What could change for corporate Bitcoin treasuries in practice

Metaplanet’s proposal is one more sign that corporate Bitcoin holders are rethinking how they manage fundraising and exposure across jurisdictions. The core pitch is diversification of access to capital: instead of relying solely on Japanese markets for additional funds, the group would have a US-listed outlet through Superplanet.

Gerovich also suggested Superplanet could pursue acquisitions in the US Bitcoin treasury sector that may not be available to Metaplanet directly. If those opportunities are real, the deal would not only relocate part of Metaplanet’s treasury influence into the US, but also potentially broaden the group’s deal pipeline—important in a market where the number of suitable targets can be limited by listing status, regulatory posture, and investor reach.

Still, the timetable is long and conditional. The closing window—expected in Q4 2026—means the plan faces two categories of uncertainty: (1) the outcome of Super League shareholder approvals and other closing conditions, and (2) how capital markets—and Bitcoin’s price and liquidity—may evolve between now and then.

Super League shares react sharply to the Bitcoin treasury signal

Markets responded quickly to the announcement. Super League Enterprise shares surged by more than 50% following the news, with trading activity expanding dramatically. The article cites Yahoo Finance data showing trading volume of roughly 37.3 million shares compared with about 393,000 shares beforehand—an increase of nearly 95 times.

While stock moves don’t confirm the underlying transaction’s completion, the reaction underscores how investors are reading this as more than a routine corporate deal. For a company whose current operations include immersive gaming, content, and advertising, the proposed pivot to a US Bitcoin treasury platform changes the narrative: from a gaming/content business to a structure where Bitcoin treasury management becomes central.

Metaplanet’s place among corporate Bitcoin holders

Metaplanet is described in the source as the third-largest corporate Bitcoin holder, trailing Twenty One Capital by roughly 500 BTC. Twenty One Capital is a publicly traded Bitcoin treasury company backed by Tether, Bitfinex, and SoftBank, and its formation was aimed at accumulating Bitcoin and increasing holdings on a per-share basis.

According to BitcoinTreasuries.NET, Metaplanet last added to its Bitcoin holdings in early July. That context helps frame the company’s current move: rather than only focusing on periodic purchases, it is now exploring a corporate structure that can potentially accelerate the ability to raise capital—without necessarily requiring immediate new BTC buying each time.

The article also highlights Strategy (linked to Michael Saylor) as the largest corporate Bitcoin holder, with more than 840,000 BTC. However, it notes that Strategy has also sold Bitcoin in recent months to fund dividends, share repurchases, and its US dollar reserve—an example of how publicly traded Bitcoin treasury companies may face balancing acts between maintaining BTC exposure and meeting corporate capital-management needs.

That tension is central to how investors should evaluate Metaplanet’s plan. The deal could strengthen the group’s capacity to raise capital and pursue acquisitions, but the ultimate impact will depend on how the combined entities handle future financing cycles, treasury drawdowns, and any need for fiat liquidity.

Investors should watch closely for progress toward shareholder approval at Super League Enterprise, any details that emerge about the final deal mechanics once terms are finalized, and—perhaps most importantly—how Superplanet intends to fund future Bitcoin treasury initiatives once it becomes operational.

Amid subdued crypto sentiment and capital outflows, EiCrypto is promoting cloud mining as a way for holders to generate cash flow from idle digital assets.

Cryptocurrency market sentiment has recently been subdued, driven primarily by a breakdown in on-chain liquidity transmission, persistent net outflows from spot ETFs, sell-offs by whales and large holders (such as Strategy), and a macro-level decoupling between traditional finance and crypto assets. Although US stocks have hit new highs on expectations of interest rate cuts, capital has not effectively flowed into the crypto market.

Consequently, a large number of long-term cryptocurrency holders face two issues: price volatility and asset dormancy.

• Price Volatility: The prices of major cryptocurrencies such as Bitcoin, Ethereum, and XRP are susceptible to factors including market sentiment, macroeconomic conditions, policy changes, and capital flows, potentially leading to significant fluctuations within short periods. Investors relying solely on price appreciation for returns must wait for market opportunities over the long term while also bearing the risk of price declines.
• Asset Dormancy: When investors choose to hold digital assets for the long term, the assets themselves typically remain in a relatively “dormant” state unless they are traded, staked, or utilized in other digital asset services. In other words, while the assets possess potential long-term value, they do not automatically generate additional cash flow while the investor waits for price appreciation.

Consequently, an increasing number of users are shifting their investment mindset; while retaining their assets and the potential for long-term growth, they are seeking alternative ways to enhance asset utilization and establish diversified passive income streams.

In response to growing market demand, EiCrypto has launched a brand-new cloud mining service. Leveraging a unique contract mechanism that links hash power to returns, the service enables users to effectively mitigate market volatility risks and convert idle assets — such as BTC, ETH, and DOGE — into cash flow, thereby establishing an efficient passive income solution.

EiCrypto operates mining facilities across more than 100 countries, utilizing over 800,000 mining units powered entirely by renewable energy and situated in regions with low electricity costs and stable infrastructure.

These mining facilities operate continuously to mine cryptocurrency. Users do not need to purchase hardware or grapple with technical complexities; instead, they participate remotely by selecting cloud mining contract plans via the EiCrypto platform, thereby securing the right to utilize computing power for a fixed contract term. The share of computing power purchased determines the user’s final returns.

Join EiCrypto cloud mining quickly in just three steps.

Register an Account: Sign up here to receive a $15 new-user bonus.

Deposit Methods: EiCrypto supports a wide range of mainstream digital assets; users can deposit major cryptocurrencies such as BTC, USDT, ETH, LTC, USDC, XRP, SOL, and BNB.

Select a Contract: Choose a cloud mining contract that suits a particular budget and timeframe; the system will then operate automatically.

Reference strategies for popular contracts:

Starter Contract: $100 — 2 days — Total return approx. $108

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Basic Contract: $1,500 — 10 days — Total return approx. $1,705

Stable Contract: $5,500 — 20 days — Total return approx. $7,050

Stable Contract: $9,900 — 25 days — Total return approx. $14,280

Premium Contract: $48,000 — 35 days — Total return approx. $77,064

Click here to view more contract details.

Once the contract is activated, earnings will be automatically settled to an account after 24 hours. Users can choose to withdraw their earnings or reinvest them, thereby achieving long-term, compound growth of their digital assets.

EiCrypto has established multiple security mechanisms regarding compliance and safety:

• 
  Annual financial and security compliance audits by PwC;
• Digital asset custody insurance from Lloyd’s of London;
• Cloudflare enterprise-grade cybersecurity protection and McAfee® security systems;
• AI-driven risk control, multi-layered encryption architecture, and two-factor authentication (2FA).

In conclusion

EiCrypto’s new cloud mining model effectively solves the two major problems of price volatility and asset idleness. In the future, what will truly differentiate us will not only be wealth accumulation, but also our level of understanding and innovation capabilities.

For more information, visit the official website and download the application.

MoonPay has integrated Cash App Pay as a payment option for cryptocurrency purchases, allowing eligible US customers to fund transactions using their Cash App balances.

The crypto payments company said in an announcement shared with Cointelegraph Tuesday that Cash App Pay is now available through MoonPay’s own checkout and with select partners, including Trust Wallet, Bitcoin.com, MetaMask, Moonshot, Ledger, BitPay, Uniswap, Tangem, LOBSTR and Edge.

The integration lets customers use their Cash App balance to buy crypto directly through MoonPay without switching between apps or completing a separate login.

MoonPay now supports payment integrations with Cash App, PayPal and Venmo, having added PayPal in 2024 before later expanding to Venmo.

Cash App, the mobile payments service operated by Jack Dorsey’s Block, already allows customers to buy and sell Bitcoin directly through its app. The MoonPay integration broadens that access to a wider range of cryptocurrencies. Cash App reported 59 million active users in June, according to Block’s second-quarter shareholder report.

“Cash App is where tens of millions of Americans already manage their money,” MoonPay co-founder and CEO Ivan Soto-Wright said. “This integration means that those users can access the digital asset ecosystem, funded instantly from an app they already know and trust.”

Expansion beyond crypto onramps

MoonPay is licensed by the New York State Department of Financial Services through a BitLicense and Limited Purpose Trust Charter, and is authorized under the European Union’s Markets in Crypto-Assets Regulation in the Netherlands.

Related: PayPal, MoonPay and M0 launch PYUSDx to let devs issue app-specific stablecoins

The company has spent much of 2026 on an acquisition spree as it expands beyond its traditional fiat-to-crypto onramp business. It acquired Solana trading infrastructure provider DFlow in May, following an April deal for crypto security firm Sodot as part of a broader push into institutional crypto services.

In July, it acquired cross-chain infrastructure startup Glide and launched PayBox, a vault that lets ChatGPT and Claude users authorize crypto transactions while keeping custody of their assets.

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