Super Planet

So that debate is still alive and well in terms of how should we be looking at treasury companies? How does the market value them? Does the market even want them?

Yeah, also Metaplanet became Superplanet.

So there's going to be a lot of conversation on that note.

On X, everybody was judging Sailor and telling him what to do and what not to do.

This is a long-term accumulation game.

And what is also very interesting is, we didn't cover it last week, but there was a huge merge from MetaPlanet with, I forget what company, but now they're SuperPlanet.

And it seems like we're going to see three preferreds buying on the market.

Obviously, Strive.

You brought up, uh, Meta- MetaPlanet.

Can you explain for the audience what, uh, happened over the past week there with the announcement of, I'll just call it Super Planet, and, uh, upon closing, and, um, just this morning, Dylan LeClair, uh, tweeted out that, um, I think something to the effect of th- a journey of a thousand miles begins with the first step.

Mm-hmm.

And, uh, he announced along with a, uh, screenshot, I believe from, from an SEC filing that, um, SLE, um, raised, I think 2.3 million, um, on their ATM.

Um, and, and, um, they, they've said they- they're willing to contribute more Bitcoin to the stack, and I think it really gives...

I think SLE, it- it's gonna be changing their ticker to S-U-P-A, SUPA.

So they're re- they're renaming it to Super Planet, uh, as part of the MetaPlanet, you know, overall brand.

Um, I think this is really going to be the go-to trading vehicle for MetaPlanet in US markets.

But if you're a trader, it's difficult because it's so boring and there are more interesting trades out there, right? I think a lot of this has changed with the added dynamic of the digital credit market.

The preferred shares like STRC, SATA, and the MetaPlanet just announced today that they're coming to the US with SuperPlanet.

And I don't know what the ticker is.

I think it's SUPA.

But all of the instruments to facilitate the shift are already in place.

And that interconnectedness is only getting more interconnected.

So today, I don't know if you saw, but MetaPlanet just announced SuperPlanet, right? It's their subsidiary in the US to issue...

digital credit in the US.

Ticker symbol SLE, which we are gonna take a look at in a second, obviously.

"At closing, it'll be renamed Super Planet, our US Bitcoin treasury platform, seeded with 2,100 Bitcoin of our own Bitcoin and consolidated into our group." So the strategy now runs on two engines, right? Super Planet raises in America, MetaPlanet raises in Japan.

Both feed a single Bitcoin position that never leaves the group.

When Super Planet raises capital without adding common shares, that actually is good, okay? I, I do appreciate that.

The businesses that can do this, even if they don't have much of a business, um, not kicking their shareholders in the nuts is desirable for those shareholders.

Bitcoin per share rises there and at MetaPlanet at the same time.

Yeah.

Meta plans to invest 2,100 Bitcoin in Super League to launch US Bitcoin treasury platform, Super Planet.

Hey, you know what the United States needs?

What? What are you do- what is that headline? That is insane.