Super League buys another 16 bitcoins, bringing total holdings to 31.

According to CoinPost, Super League Enterprise, which is set to be acquired by Metaplanet, disclosed on November 9 that it has purchased an additional 16 bitcoins. In an 8-K filing submitted to the U.S. Securities and Exchange Commission (SEC), the company stated that the purchase period ran from November 4 to 9, with an average acquisition price of approximately $76,892.32 per bitcoin, about $6,149 lower than the initial purchase price of $83,041.40.

Since its initial purchase of 1 bitcoin on October 10, the company has doubled its purchase volume with each subsequent acquisition, accumulating a total of 31 bitcoins across five transactions at a total cost of approximately $2.43 million. In August, Metaplanet signed an agreement to acquire approximately 95.7% of Super League's common shares through its wholly-owned U.S. subsidiary, contributing 2,100 bitcoins and $2.5 million in cash. Upon completion of the transaction, the company will be renamed Superplanet, with its stock ticker changing to SUPA.

The relevant proposal was approved at the shareholders' meeting on October 16, with the transaction targeted for completion in the fourth quarter. The 2,100 bitcoins are drawn from Metaplanet's existing holdings rather than newly purchased on the open market. In the 8-K filing submitted on November 9, the company's name and stock ticker remain unchanged.