The latest disclosure puts the cost of the 16 BTC at $1,230,277.12. Super League said it is exploring Bitcoin as a treasury asset alongside cash and cash equivalents, but did not identify the purchase’s funding source or a custodian, or state its current consolidated Bitcoin balance.
The company’s five purchase disclosures since October record acquisitions that doubled in size each time: one BTC on Oct. 10 at $83,041.40; two on Oct. 16 at an average of $81,444.82; four between Oct. 22 and Oct. 25 at $80,581.26; eight between Oct. 28 and Nov. 1 at $78,532.14; and the latest 16. Together, the filings show purchases of 31 BTC for an estimated $2.43 million, or $78,283.56 per coin. That is the amount recorded across the disclosures, not a confirmed current holdings figure.
The latest batch represents 51.6% of the reported purchase volume. Its average price was 7.4% below the first October purchase and 2.1% below the preceding eight-coin batch.
The market purchases are separate from Metaplanet’s proposed contribution of 2,100 BTC and $2.5 million in cash through its wholly owned US subsidiary. Super League shareholders approved transaction-related proposals at an Oct. 16 meeting. Closing was anticipated in the fourth quarter, subject to customary conditions, including required Nasdaq filings.
Under the proposal, Metaplanet would receive 44,859,400 common shares priced at $3 each, as well as preferred shares and warrants. The companies set the common-share count using Bitcoin’s Aug. 14 reference price. If the deal closes, Super League is expected to become Superplanet and trade on Nasdaq as SUPA; its advertising and media activation business would continue as a distinct operating segment, with Matt Edelman remaining chief executive.
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