Metaplanet is tweaking the playbook with its stock sitting around 0.8x NAV. Selling common shares below 1.0x NAV is basically off the table to protect holders, though preferred equity is still doing the heavy lifting for coin buys. The new twist: 10–15% goes into yield plays, like preferred shares of peer BTC treasuries and BTC-backed credit. They aren't abandoning equity raises, just adding a yield spread to help service preferred dividends and fund some extra BTC on the side.

Metaplanet says it sold 10,000 $BTC to show its reserves could cover debt principal in cash, then bought 11,000 at higher per-coin prices. Preliminary figures imply a ¥11.57B price gap on replacing the original 10,000. A credit rating is not assured.

Metaplanet Now Has Its U.S.-based Bitcoin Treasury Platform @Metaplanet has taken control of Nasdaq-listed Super League and renamed it Superplanet, which is now its main U.S. $BTC treasury platform. CEO Simon Gerovich (@gerovich) confirmed the development on X: "Metaplanet will acquire a controlling interest in Super League Enterprise (Nasdaq: SLE). At closing, the company will change its name to Superplanet, Inc. (Superplanet) and will be consolidated as the U.S. Bitcoin treasury platform of our group, which we are launching with a contribution of 2,100 BTC from our company." This move infuses the new entity with 2,100 $BTC from Metaplanet's treasury, giving it a direct foothold in the world's deepest capital markets before its planned close by Q4 2026. With the "two engines" model, it can generate funds in both Japan and the United States to finance the same $BTC treasury position.

Metaplanet (@Metaplanet) transferred a total of 3,881 $BTC ($247.3M) over the past 3 hours. Metaplanet bought a total of 43,000 $BTC at an average price of $96,191 and is currently sitting on a loss of $1.4B(-34%).

MetaPlanet(@Metaplanet) transferred out 1,473 $BTC($93.82M) 1 hour ago. Hut 8(@Hut8Corp) also transferred out 493 $BTC($31.36M) 3 hours ago.

Metaplanet is building a new kind of financial institution from Japan, with Bitcoin at its core. At WebX 2026 today, @Shinpei3350 and Metaplanet Securities CEO @kazukikomura laid out the next phase: issuing new financial instruments, including bonds and preferreds, and pioneering a digital credit market. @MetaplanetSec launched July 13, sits at the center of it. Bitcoin is the foundation. Now we build the ecosystem on top of it.