Bitcoin | @Metaplanet Bitcoin Strategy - $MPJPY | $MTPLF |
Joined August 2013
- Tweets37.4K
- Following7.5K
- Followers431K
- Likes124K
Pinned Tweet
Super League stockholders have approved every proposal at last week's annual meeting, including:
✅ Issuance of common stock and warrants to Metaplanet
✅ Name change to Superplanet, Inc. ($SLE -> $SUPA)
✅ Increase in authorized preferred shares from 10m to 100m
At closing, Metaplanet will contribute 2,100 BTC + $2.5m USD in exchange for 44.86m common shares, 100 shares of Strategic Alliance Preferred Stock, and common stock warrants representing up to ~$3.4b of potential equity capital.
Based on the ~3.0m Super League shares outstanding as of September 29, Metaplanet would own ~93.7% of Superplanet's common stock at closing. All shares to be held by Metaplanet are subject to a five-year lock-up.
The Strategic Alliance Preferred carries no preferred dividend or liquidation preference; its purpose is governance. While Metaplanet holds it, Metaplanet's consent is required for charter amendments, mergers or changes of control, and designation of a board majority.
As outlined in the proxy, Superplanet intends to grow BTC per share primarily by issuing senior, non-convertible perpetual preferred stock rather than debt.
Metaplanet will also hold a 24-month right to subscribe for up to $210m of unlisted Junior Liquidity Support Preferred Stock. If issued, it would pay SOFR + 4.00% and rank junior to any senior preferred Superplanet may issue, allowing Metaplanet to provide subordinated capital in support of the balance sheet.
A new chapter begins soon. 🇺🇸🪐
Dylan LeClair retweeted
Doubling up our purchase rate week over week feels good.
Hunger building.
Hungry dogs run faster than full dogs.
Dylan LeClair retweeted
*Notice Regarding Changes in Major Shareholders and the Largest Major Shareholder*
Dylan LeClair retweeted
IMF RESEARCH WARNS OF A COMING WAVE OF FINANCIAL REPRESSION AS GOVERNMENTS STRUGGLE WITH SOARING DEBT
A new IMF working paper examining 100 years of data across 17 advanced economies finds that governments have historically reduced debt burdens by pressuring banks to hold government bonds at below-market returns.
Key findings:
- Governments use banking regulations, reserve requirements, and other policies to create captive buyers of sovereign debt, effectively transferring wealth from savers to the state.
Financial repression peaked after World War II, declined during financial liberalization, and has risen again since the 2008 financial crisis.
- These policies are associated with reduced private lending and investment as banks allocate more capital toward government debt.
The researchers warn that conditions historically associated with financial repression, including elevated government debt and fiscal pressures, are present again today.
The paper concludes that financial repression may become increasingly common as governments seek ways to manage their growing debt burdens.
Dylan LeClair retweeted
米国のスーパーリーグ（Super League Enterprise, Inc.、Nasdaq: SLE）の株主総会において、当社との本件取引が承認されたことをお知らせいたします。これは、当社がビットコイン・トレジャリー企業からグローバルなビットコイン・ネイティブ金融プラットフォームへと変革するうえで、重要な一歩となります。
クロージング後、スーパープラネット（Superplanet）は、当社の米国上場ビットコイン・トレジャリー・プラットフォームとして、米国資本市場への直接的なアクセスと、機動的かつ柔軟な資金調達を可能にします。
日本国内のメタプラネット証券と合わせ、世界で最も重要な二大資本市場において相互補完的なプラットフォームを有することとなり、国際的な資金調達および資本配分を可能にするとともに、ビットコイン・トレジャリー、ファイナンス、金融商品、アセットマネジメントの各分野における取り組みを推進してまいります。
当社の長期的な成長に向けた新たなマイルストーンとなります。クロージングに向けた進捗につきましては、引き続きお知らせしてまいります。
Super League stockholders have approved every proposal at last week's annual meeting, including:
✅ Issuance of common stock and warrants to Metaplanet
✅ Name change to Superplanet, Inc. ($SLE -> $SUPA)
✅ Increase in authorized preferred shares from 10m to 100m
At closing, Metaplanet will contribute 2,100 BTC + $2.5m USD in exchange for 44.86m common shares, 100 shares of Strategic Alliance Preferred Stock, and common stock warrants representing up to ~$3.4b of potential equity capital.
Based on the ~3.0m Super League shares outstanding as of September 29, Metaplanet would own ~93.7% of Superplanet's common stock at closing. All shares to be held by Metaplanet are subject to a five-year lock-up.
The Strategic Alliance Preferred carries no preferred dividend or liquidation preference; its purpose is governance. While Metaplanet holds it, Metaplanet's consent is required for charter amendments, mergers or changes of control, and designation of a board majority.
As outlined in the proxy, Superplanet intends to grow BTC per share primarily by issuing senior, non-convertible perpetual preferred stock rather than debt.
Metaplanet will also hold a 24-month right to subscribe for up to $210m of unlisted Junior Liquidity Support Preferred Stock. If issued, it would pay SOFR + 4.00% and rank junior to any senior preferred Superplanet may issue, allowing Metaplanet to provide subordinated capital in support of the balance sheet.
A new chapter begins soon. 🇺🇸🪐
Dylan LeClair retweeted
We are pleased to note that Super League ($SLE) shareholders have voted to approve the proposed Metaplanet transaction, an important step in our transformation from a Bitcoin treasury company into a global Bitcoin-native financial platform.
Upon close, Superplanet will be our U.S.-listed Bitcoin treasury platform, providing direct access to U.S. capital markets and greater flexibility to opportunistically raise capital.
Together with Metaplanet Securities in Japan, we will have complementary platforms in two of the world’s most important capital markets, enabling us to raise and deploy capital internationally while advancing our ambitions across Bitcoin treasury, financing, financial products and asset management.
This is another exciting milestone as we build for the long term. Stay tuned for more as we move towards close.
Super League stockholders have approved every proposal at last week's annual meeting, including:
✅ Issuance of common stock and warrants to Metaplanet
✅ Name change to Superplanet, Inc. ($SLE -> $SUPA)
✅ Increase in authorized preferred shares from 10m to 100m
At closing, Metaplanet will contribute 2,100 BTC + $2.5m USD in exchange for 44.86m common shares, 100 shares of Strategic Alliance Preferred Stock, and common stock warrants representing up to ~$3.4b of potential equity capital.
Based on the ~3.0m Super League shares outstanding as of September 29, Metaplanet would own ~93.7% of Superplanet's common stock at closing. All shares to be held by Metaplanet are subject to a five-year lock-up.
The Strategic Alliance Preferred carries no preferred dividend or liquidation preference; its purpose is governance. While Metaplanet holds it, Metaplanet's consent is required for charter amendments, mergers or changes of control, and designation of a board majority.
As outlined in the proxy, Superplanet intends to grow BTC per share primarily by issuing senior, non-convertible perpetual preferred stock rather than debt.
Metaplanet will also hold a 24-month right to subscribe for up to $210m of unlisted Junior Liquidity Support Preferred Stock. If issued, it would pay SOFR + 4.00% and rank junior to any senior preferred Superplanet may issue, allowing Metaplanet to provide subordinated capital in support of the balance sheet.
A new chapter begins soon. 🇺🇸🪐
Dylan LeClair retweeted
Super League has completed its second Bitcoin purchase.
We added 2 Bitcoin to our treasury, doubling the size of our inaugural purchase.
Following our Annual General Meeting of Stockholders on Friday Oct 16th, we find ourselves hungry for more!
Metaplanet announced ¥52b of zero-coupon Euro-yen convertible bonds due 2031, together with a concurrent share repurchase. Terms are now final, and the initial repurchase was completed this morning.
The conversion price is ¥339, a ~30% premium to the reference share price and above 1.0x mNAV at launch.
Through ToSTNeT-3, we repurchased 73,981,400 shares at ¥261, a discount to NAV, for a total of ¥19.3b, or roughly 5.4% of shares outstanding.
A further ¥23.6b will partially repay our credit facility, releasing bitcoin currently pledged as collateral and giving us greater flexibility to execute on our upcoming strategic initiatives.
The remaining ~¥9bn allocated to repurchases can go toward further share buybacks in the market and/or additional facility repayment.
Dylan LeClair retweeted
Today Metaplanet announced that it will issue ¥52bn of zero-coupon Euro-yen convertible bonds due 2031, together with a concurrent share repurchase.
These initiatives are interconnected. The issuance funds the repurchase of our shares at a discount to net asset value, reduces secured borrowing, and releases bitcoin currently pledged as collateral – all with debt that carries no regular interest payments.
I need to limit my comments because, as the bonds are not being offered in the U.S., we are highly constrained in what we can communicate from a regulatory perspective.
But today’s announcement serves an important purpose at this time. Up to ¥28.3 billion of proceeds will be used to repurchase our shares as part of our ¥60bn repurchase program. Up to ¥25.3 billion of this will be executed through an off-auction block trade (ToSTNeT-3) this morning, up to 96,934,800 shares, or 7.1% of shares outstanding, with the balance through market purchases. With our shares trading below the value of our bitcoin holdings, buying them back at these prices captures that discount for shareholders.
Conducting the repurchase concurrently with the bond offering also helps absorb trading activity associated with convertible investors hedging their positions, supporting better pricing for the bonds. Any funds not used during the concurrent repurchase will be applied to subsequent share repurchases or to the repayment of our credit facility.
A further ¥23.6bn will be used to partially repay our credit facility, releasing bitcoin pledged as collateral. This gives us greater financial flexibility to acquire more bitcoin while advancing other strategic initiatives, including our Net Interest Income Strategy.
The initial conversion price is set at a premium to both the current share price and 1.0x mNAV at launch. So, we are buying back shares below the value of our bitcoin holdings, while new shares would only be issued upon conversion at a price above that value.
The bonds are yen-denominated, senior unsecured obligations being placed with international investors that are non-U.S. persons exclusively outside the United States, broadening our investor base. They are supported by our balance sheet and credit rather than specific collateral.
Our total debt will increase, but its composition will improve. Secured, interest-bearing borrowing is replaced with unsecured, non-interest-bearing debt. The result is lower interest costs, a longer tenor on our borrowings, a meaningful repurchase of outstanding shares at a discount, and greater credit capacity to execute our strategic initiatives.
Separately, as announced on August 18, our investment in Super League Enterprise (Nasdaq: SLE) is expected to close shortly, subject to SLE shareholder approval and other closing conditions, after which SLE will be renamed Superplanet, Inc. I will have more to say about that at closing.
For more information, see here the full legal notice in English: contents.xj-storage.jp/xcont… and a presentation deck that describes the issuance and repurchase succinctly: contents.xj-storage.jp/xcont…
Dylan LeClair retweeted
Strategy has acquired 250 $BTC and repurchased $192M of $STRC. As of 10/11/26, we hold 848,250 BTC and $5.5B of USD Assets. $MSTR strategy.com/press/strategy-…
Dylan LeClair retweeted
I have two important updates to share with you today as we continue to build Metaplanet into a global financial platform rooted in Bitcoin.
From the beginning, our strategy was never simply to accumulate Bitcoin. Our objective has been to build the leading Bitcoin financial company in Asia and, over time, become one of the leading Bitcoin financial institutions in the world.
Over the past year, we have worked to execute that strategy with discipline and speed: growing our Bitcoin reserves, expanding our operating businesses, broadening our access to capital, and laying the foundation for a scalable credit platform built around Bitcoin.
The pending Superplanet transaction, the development of Metaplanet Securities, the expansion of our distribution capabilities, and the continued growth of our Bitcoin holdings are all components of a unified long-term strategy.
Here are the latest steps on this journey:
- First, in the third quarter we executed a sale and repurchase of Bitcoin that demonstrated the liquidity of our Bitcoin reserves and increased our overall Bitcoin position.
- Second, we are launching a Net Interest Income Strategy designed to create recurring income streams and lower our effective cost of capital, supporting the next phase of our growth.
Rating agencies and credit investors ask one question of a Bitcoin company: can that Bitcoin be turned into cash to meet obligations, and will it be? We answered by doing it. We converted Bitcoin into cash, exceeding the total outstanding principal of our bonds, borrowings and other interest-bearing debt. We held that cash, then bought back more Bitcoin than we sold.
Net, we added 1,000 BTC.
As of September 30, Metaplanet held 44,000 BTC, making us the second-largest listed Bitcoin treasury company in the world. Metaplanet has generated revenue from its Bitcoin Income Generation business for eight consecutive quarters, has expanded its strategic footprint through acquisitions and new business initiatives, and has now demonstrated that its Bitcoin can be converted into cash when needed, an important step in our march to realizing our potential in Japan and beyond.
We continue to execute on our goal: Building a world-class Bitcoin financial institution. And we will continue to update you as we move ahead with additional value-creating initiatives.
Full details are in the four TSE disclosures released today.
