US Stock SLE Soars Over 126% at Open, Market Cap Reaches $11.6 Million

BlockBeats News, August 18th, according to BIT (Bit.com) market data, the stock price of the Metaverse company Super League opened with a surge of over 126%, with a market value rising to $11.6 million.

On the news front, Metaplanet will inject 2,100 BTC, worth about $132 million, into the Nasdaq-listed company Super League (SLE), and additional cash of $2.5 million. Super League will be renamed "Superplanet," and the stock ticker symbol is proposed to be changed to SUPA.

After the transaction is completed, Metaplanet is expected to hold approximately 95.7% of Superplanet's shares, creating a publicly traded Bitcoin treasury platform in the United States to leverage the U.S. capital markets for financing.